secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K/A
Filed at:   2026-10-07T20:05:30+00:00
Accession:  0001493152-26-046139
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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226046139/0001493152-26-046139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226046139/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046139

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