---
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"
generated_at: "2026-06-14T00:45:49.808093+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Ocean Thermal Energy Corporation Increases Officer/Director Compensation, Issues Series D Preferred Shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02, 5.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-008060
- JSON: https://secwatch.observer/filing/0001654954-23-008060.json
- Plain text: https://secwatch.observer/filing/0001654954-23-008060.txt

## Key facts
- Governance Changes
  Ocean Thermal Energy Corp: Authorized an additional 400 Series D Convertible Preferred Shares by amending the Certificate of Designation (effective 2023-06-12).
  - Change: charter amendment
  - Effective: 2023-06-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/827099/000165495423008060/0001654954-23-008060-index.htm

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