secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Thermal Energy Corp (CPWR)
CIK:        0000827099
Form:       8-K
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001654954-23-008060
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827099/000165495423008060/0001654954-23-008060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827099/000165495423008060/cpwr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-008060

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