---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-013665"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-19T23:44:43.653988+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-013665
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000164117225013665/0001641172-25-013665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000164117225013665/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-013665
- JSON: https://secwatch.observer/filing/0001641172-25-013665.json
- Plain text: https://secwatch.observer/filing/0001641172-25-013665.txt

## Key facts
- Executive change
  Matthew Burdyny resigned as Chief Commercial Officer at Ocean Power Technologies, Inc..
  - Action: resigned
  - Role: Chief Commercial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000164117225013665/0001641172-25-013665-index.htm

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