Ocean Power Technologies hires Jason Weed as SVP Commercial; Burdyny resigns as CCO

Ocean Power Technologies, Inc.

Matthew Burdyny resigned as Chief Commercial Officer effective June 13, 2025; no disagreement with board.
Jason Weed, retired U.S. Navy Captain and former Leidos exec, appointed SVP – Commercial Sales.
Weed receives inducement grant of 500,000 RSUs (time-vesting over 2 years) and 150,000 performance-based RSUs.
Board amended Inducement Plan to increase shares available from 275,000 to 990,000 for future awards.
Weed led Navy's first Uncrewed Undersea Vehicle Squadron and has 15+ years executive maritime experience.

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Departed

Matthew Burdyny

Chief Commercial Officer

OPTT · Ocean Power Technologies, Inc.

Effective: 2025-06-13
Filed: Jun 04, 2025 23:59 UTC

Matthew Burdyny notified the Company of his intent to resign from the office of Chief Commercial Officer of the Company, which resignation will be effective June 13, 2025.

Source: SEC EDGAR

accession 0001641172-25-013665

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