Ocean Power Technologies CFO Robert Powers departs; Victoria Hay named interim CFO

Ocean Power Technologies, Inc.

Robert Powers departed as CFO effective Sept. 30, 2026; his Dec. 13, 2021 employment letter was terminated without cause.
Powers gets six months of base salary, the balance of his fiscal 2026 bonus, and health benefits through Oct. 31, 2026; he stays employed through Oct. 14, 2026.
Victoria Hay, 43, became interim CFO, principal financial officer, and principal accounting officer via Flexible Consulting at $30,000 per month plus expense reimbursement.
Hay has been co-owner and President of Flexible Consulting since May 2021; she previously was interim CFO of Nauticus Robotics and CFO of ECD Automotive Design.
Ocean Power is searching for a permanent CFO; the transition was not due to any disagreement over operations, policies, practices, financial reporting, or accounting.

item 1.01 item 5.02 item 1.02

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Departed

Robert Powers

Chief Financial Officer

OPTT · Ocean Power Technologies, Inc.

Effective: 2026-09-30
Successor: Victoria Hay
Filed: October 7, 2026, 4:05 PM ET

On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Powers departed as Chief Financial Officer at Ocean Power Technologies, Inc..

Action: departed
Role: Chief Financial Officer

Exact text from the filing

On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.

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Source: SEC EDGAR

accession 0001493152-26-046139

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