Ocean Power Technologies says CFO Robert Powers exit follows mutual agreement, no disputes cited
Bitget2026/10/07 20:06Ocean Power Technologies amended its Oct. 7 Form 8-K to revise disclosures on the departure of CFO Robert Powers. The filing states Powers left on Sept. 30 upon mutual agreement with the board, with no disagreements cited on operations, policies, financial reporting, or accounting matters. Powers will receive six months of base salary, the remaining balance of his agreed fiscal 2026 bonus, and continued health benefits through Oct. 31, with employment continuing through Oct. 14 to support the transition. The company engaged Flexible Consulting for Victoria Hay to serve as interim CFO, principal financial officer, and principal accounting officer at $30,000 per month plus expense reimbursement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocean Power Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-046139), on October 07, 2026, and is solely responsible for the information contained therein.
- Ocean Power Technologies amended its Oct. 7 Form 8-K to revise disclosures on the departure of CFO Robert Powers.
- The filing states Powers left on Sept. 30 upon mutual agreement with the board, with no disagreements cited on operations, policies, financial reporting, or accounting matters.
- Powers will receive six months of base salary, the remaining balance of his agreed fiscal 2026 bonus, and continued health benefits through Oct. 31, with employment continuing through Oct. 14 to support the transition.
- The company engaged Flexible Consulting for Victoria Hay to serve as interim CFO, principal financial officer, and principal accounting officer at $30,000 per month plus expense reimbursement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - US auto parts company shares plunge after lowering 2027 revenue forecast
BUZZ-Heron Therapeutics shares surge due to CorMedix acquisition deal
Barclays increased its holdings of bitcoin ETF and MicroStrategy stock in the third quarter.
Crypto prices
More
