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.

item 1.02 item 5.02 item 8.01 item 9.01

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Departed

Matthew Burdyny

Chief Commercial Officer

OPTT · Ocean Power Technologies, Inc.

Effective: 2025-06-13
Filed: June 4, 2025, 7:59 PM ET

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.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Burdyny resigned as Chief Commercial Officer at Ocean Power Technologies, Inc..

Action: resigned
Role: Chief Commercial Officer

Exact text from the filing

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.

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Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-013665

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