{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-008060","form_type":"8-K","ticker":"CPWR","cik":"0000827099","company_name":"Ocean Thermal Energy Corp","filed_at":"2023-06-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.373360+00:00","generated_at":"2026-06-14T00:45:49.808093+00:00","sec_items":["3.02","5.02","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Ocean Thermal Energy Corporation Increases Officer/Director Compensation, Issues Series D Preferred Shares","bullets":["Issued 722 Series D Convertible Preferred Shares to 40 accredited investors from Jan to May 2023, including 191 for $382,000 cash and 531 for conversion of $1,059,420.29 in debt.","On June 6, 2023, board agreed to increase officer compensation by 25% and set director compensation at $40,000 per year.","On June 9, 2023, Series D stockholders approved by written consent an amendment to increase authorized Series D shares by 400.","The amendment was filed with the Nevada Secretary of State on June 12, 2023; all compensation has been accrued but unpaid since 2015."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-008060","json":"https://secwatch.observer/filing/0001654954-23-008060.json","markdown":"https://secwatch.observer/filing/0001654954-23-008060.md","text":"https://secwatch.observer/filing/0001654954-23-008060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827099/000165495423008060/0001654954-23-008060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827099/000165495423008060/cpwr_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T00:45:49.808093+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dbe95ca43c28d4908bd7f506cd45531b14de271c","claim":"Ocean Thermal Energy Corp: Authorized an additional 400 Series D Convertible Preferred Shares by amending the Certificate of Designation (effective 2023-06-12).","evidence_excerpt":"On June 6, 2023, the board of directors agreed to amend the Certificate of Designation to authorize an additional 400 Series D Convertible Preferred Shares. On June 9, 2023, the Series D Convertible Preferred Stockholders approved that increase by majority written consent and the amendment was filed with the Nevada Secretary of State on June 12, 2023.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/827099/000165495423008060/0001654954-23-008060-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-06-12"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}