secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-10-06T21:59:09+00:00
Accession:  0001493152-26-046028
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 1.02
LLM model:  deepseek-v4.1-flash:cloud@v2

Ocean Power Technologies CFO Robert Powers departs; Victoria Hay named interim CFO effective September 30, 2026
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- Robert Powers departed as CFO effective September 30, 2026, upon mutual agreement with the Board; his December 13, 2021 employment letter was terminated.
- Powers will receive six months of base salary, the balance of his agreed fiscal 2026 bonus, and health benefits through October 31, 2026; he remains employed through October 14, 2026.
- Victoria Hay, 43, became interim CFO, Principal Financial Officer and Principal Accounting Officer effective September 30, 2026 through Flexible Consulting, LLC.
- Flexible Consulting will receive $30,000 per month plus monthly expense reimbursement; the Board is searching for a permanent CFO.
- Hay has been co-owner and President of Flexible Consulting since May 2021 and previously spent 2008 to May 2021 at Weatherford International plc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/0001493152-26-046028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226046028/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046028

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