Ocean Power Technologies Files 10-K/A Amendment

TL;DR

Ocean Power Technologies filed an amendment to its 2024 annual report, check for updates.

AI Summary

Ocean Power Technologies, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended April 30, 2024. The filing, dated August 28, 2024, provides updated information for the company, which is involved in electric services and is incorporated in New Jersey.

Why It Matters

This amendment provides updated financial and operational information for Ocean Power Technologies, Inc., which is crucial for investors and stakeholders to assess the company's performance and outlook.

Risk Assessment

Risk Level: medium — As a company filing an amendment to its annual report, there may be significant updates or corrections that could impact its financial standing or business operations.

Key Numbers

• 0430 — Fiscal Year End (Indicates the end of the reporting period for the annual report.)
• 20240828 — Filing Date (The date the amendment was officially submitted to the SEC.)

Key Players & Entities

• Ocean Power Technologies, Inc. (company) — Filer of the 10-K/A amendment
• April 30, 2024 (date) — Fiscal year end for the report
• August 28, 2024 (date) — Filing date of the amendment
• 001-33417 (company) — SEC file number

FAQ

Key Financial Figures

• $0.001 — ch Registered Common Stock, par value $0.001 OPTT NYSE American Series A Part
• $70,000 — employee director, an annual payment of $70,000 and restricted share units of our commo
• $75,000 — s of our common stock equal in value to $75,000. Each non-employee director also receiv
• $8,000 — ves a per annum supplement ranging from $8,000 to $30,000 for each committee that they
• $30,000 — annum supplement ranging from $8,000 to $30,000 for each committee that they belong to

Filing Documents

• form10-ka.htm (10-K/A) — 413KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 17KB
• ex31-2.htm (EX-31.2) — 17KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-034206.txt ( ) — 789KB
• optt-20240430.xsd (EX-101.SCH) — 4KB
• optt-20240430_def.xml (EX-101.DEF) — 31KB
• optt-20240430_lab.xml (EX-101.LAB) — 40KB
• optt-20240430_pre.xml (EX-101.PRE) — 28KB
• form10-ka_htm.xml (XML) — 9KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K/A (Amendment No. 1) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30 , 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-33417 Ocean Power Technologies, Inc. Delaware 22-2535818 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 28 ENGELHARD DRIVE , SUITE B MONROE TOWNSHIP , NJ 08831 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (609) 730-0400 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Exchange on Which Registered Common Stock, par value $0.001 OPTT NYSE American Series A Participating Preferred Stock Purchase Rights n/a NYSE American Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer Accelerated reporting company 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. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to 240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No The aggregate market value of the common stock of the registrant held by non-affiliates as of October 31, 2023, the last business day of the registrant's most recently completed second fiscal quarter, was $ 17.6 million based on the closing sale price of the registrant's common stock on that date as reported on the NYSE American. The number of shares outstanding of the registrant's common stock as of August 26, 2024 was 95,573,789 . Auditor Firm ID Auditor Name Auditor Location 274 EisnerAmper LLP Iselin, New Jersey OCEAN POWER TECHNOLOGIES, INC. ANNUAL REPORT ON FORM 10-K TABLE OF CONTENTS Page PART III Item 10. Directors, Executive Officers and Corporate Governance 1 Item 11. Executive Compensation 4 Item 12. Security 15 Item 13. Certain Relationships and Related Transactions, and Director Independence 16 Item 14. Principal Accountant Fees and Services 17 PART IV Item 15. Exhibits, Financial Statement Schedules 18 PowerBuoy , PB-Vue , PowerTower , Making Waves in Power , Talk on Water , WAM-V and the Ocean Power Technologies logo are trademarks of Ocean Power Technologies, Inc. All other trademarks appearing in this annual report are the property of their respective holders. i Explanatory Note This Amendment No

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View this 10-K/A filing on SEC EDGAR