---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-046139"
form_type: "8-K/A"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2026-10-07T20:05:30+00:00"
generated_at: "2026-10-12T15:54:25.539480+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-046139
- form_type: 8-K/A
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2026-10-07T20:05:30+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315226046139/0001493152-26-046139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315226046139/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-046139
- JSON: https://secwatch.observer/filing/0001493152-26-046139.json
- Plain text: https://secwatch.observer/filing/0001493152-26-046139.txt

## Key facts
- Executive change
  Robert Powers departed as Chief Financial Officer at Ocean Power Technologies, Inc..
  - Action: departed
  - Role: Chief Financial Officer
  source text: On September 30, 2026, Robert Powers departed from his role as Chief Financial Officer of the Company, upon mutual agreement with the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315226046139/0001493152-26-046139-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.