UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act
of 1934
Date of Report (Date of earliest event reported): July 31, 2013
OCEAN POWER TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
| | | | |
Delaware | | 001-33417 | | 22-2535818 |
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(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
1590 Reed Road
Pennington, NJ | |
08534 |
| | |
(Address of principal executive offices) | | (Zip Code) |
Registrant's telephone number, including area code:(609) 730-0400
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 31, 2013, Brian M. Posner notified Ocean Power Technologies (the “Company”) of his decision to resign as the Chief Financial Officer of the Company in order to pursue another business opportunity. Mr. Posner’s resignation will become effective August 30, 2013, and prior to that date, he will continue to perform his responsibilities and assist with transition matters. Mr. Posner’s decision to submit his resignation was not the result of any disagreement with the Company, its board of directors or its management on any matter relating to the Company’s operations, policies or practices.
Beginning August 30, 2013, Charles F. Dunleavy, the Company’s Chief Executive Officer, will serve as Interim Chief Financial Officer while the Company conducts a search for a permanent Chief Financial Officer.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| OCEAN POWER TECHNOLOGIES, INC. | |
Date: August 6, 2013 | By: | /s/ CHARLES F. DUNLEAVY | |
| | Charles F. Dunleavy | |
| | Chief Executive Officer | |
