Form 8-K - Current report
07 Novembre 2023 - 11:05PM
Edgar (US Regulatory)
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0001378140
0001378140
2023-11-07
2023-11-07
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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): November 7, 2023 (November 6, 2023)
OCEAN
POWER TECHNOLOGIES, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State
or Other Jurisdiction of Incorporation)
001-33417 |
|
22-2535818 |
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
28
Engelhard Drive, Suite B
Monroe
Township, New Jersey 08831
(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): Not Applicable
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on
Which
Registered |
Common Stock, $0.001 par
value |
|
OPTT |
|
NYSE American |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging
Growth Company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On
November 6, 2023, the Board of Directors of Ocean Power Technologies, Inc., a Delaware corporation (“OPT”), scheduled OPT’s
2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) to occur on January 31, 2024 at 10:00 a.m. Eastern
Time. This date is consistent with the representation that OPT made to the Delaware Court of Chancery in connection with ongoing litigation
between OPT and Paragon Technologies, Inc. that OPT would not schedule the 2023 Annual Meeting for a date that is earlier than January
24, 2024. For stockholders’ reference, OPT first convened its 2022 Annual Meeting of Stockholders (the “2022 Annual Meeting”)
on December 14, 2022, but due to the lack of a quorum, adjourned it to January 13, 2023 at which time a quorum was present and stockholders
voted on the actions properly brought before the 2022 Annual Meeting, including the election of directors.
As
previously announced, the OPT Board of Directors has fixed the close of business on December 4, 2023 as the record date for determining
stockholders entitled to notice of, and to vote at, the 2023 Annual Meeting.
Important
Additional Information And Where To Find It
OPT
intends to file a proxy statement and an accompanying WHITE proxy card with the SEC in connection with the solicitation
of proxies from OPT’s stockholders in connection with the matters to be considered at the 2023 Annual Meeting. INVESTORS AND
STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND THE ACCOMPANYING WHITE PROXY CARD AND OTHER DOCUMENTS
FILED BY OPT WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.
Stockholders will be able to obtain the Proxy Statement, any amendments or supplements to the Proxy Statement, the accompanying WHITE
proxy card, and other documents filed by OPT with the SEC free of charge at the SEC’s website at www.sec.gov. Copies will
also be available free of charge at the Investor Relations section of OPT’s corporate website at www.oceanpowertechnologies.com,
by writing to OPT’s Corporate Secretary at Ocean Power Technologies, Inc., 28 Engelhard Drive, Suite B, Monroe Township, NJ 08831,
or by contacting OPT at (609) 730-0400.
Certain
Participant Information
OPT,
members of its Board of Directors, and certain of its executive officers are “participants” in the solicitation of proxies
from OPT’s stockholders in connection with the 2023 Annual Meeting. The following directors and executive officers of OPT beneficially
hold the amount of shares of OPT’s common stock indicated adjacent to his or her name: (i) OPT directors: Terence J. Cryan (148,595
shares), Philipp Stratmann (93,807 shares), Clyde W. Hewlett (71,577 shares), Natalie Lorenz-Anderson (52,448 shares), Diana G. Purcel
(71,577 shares), and Peter E. Slaiby (96,577 shares); and (ii) OPT officers who are not also directors of OPT: Robert Powers (28,888
shares) and Joseph DiPietro (2,909 shares). The business address for each of the foregoing persons is c/o Ocean Power Technologies, Inc.,
28 Engelhard Drive, Suite B, Monroe Township, NJ 08831. Additional information regarding OPT’s directors, executive officers, and
other participants in the solicitation of proxies from OPT’s stockholders in connection with the matters to be considered at the
2023 Annual Meeting, and their direct or indirect interests, through security holdings or otherwise, will be set forth in OPT’s
proxy statement for its 2023 Annual Meeting, including the schedules and appendices thereto.
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.
|
OCEAN POWER TECHNOLOGIES, INC. |
|
(Registrant) |
|
|
|
Date: November 7, 2023 |
By: |
/s/
Philipp Stratmann |
|
Name: |
Philipp
Stratmann |
|
Title: |
President and Chief Executive
Officer |
v3.23.3
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Nov. 07, 2023 |
Cover [Abstract] |
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Document Type |
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Amendment Flag |
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Document Period End Date |
Nov. 07, 2023
|
Entity File Number |
001-33417
|
Entity Registrant Name |
OCEAN
POWER TECHNOLOGIES, INC.
|
Entity Central Index Key |
0001378140
|
Entity Tax Identification Number |
22-2535818
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
28
Engelhard Drive
|
Entity Address, Address Line Two |
Suite B
|
Entity Address, City or Town |
Monroe
Township
|
Entity Address, State or Province |
NJ
|
Entity Address, Postal Zip Code |
08831
|
City Area Code |
609
|
Local Phone Number |
730-0400
|
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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|
Title of 12(b) Security |
Common Stock, $0.001 par
value
|
Trading Symbol |
OPTT
|
Security Exchange Name |
NYSEAMER
|
Entity Emerging Growth Company |
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Ocean Power Technologies (AMEX:OPTT)
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Ocean Power Technologies (AMEX:OPTT)
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