optt20171024b_8k.htm

 

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 Act of 1934

 

Date of Report (Date of earliest event reported): October 20, 2017

 

 

 

Ocean Power Technologies, Inc.
(Exact name of registrant as specified in its charter)

 

 

 

Delaware
(State or other jurisdiction
of incorporation)

001-33417
(Commission
File Number)

22-2535818
(I.R.S. Employer
Identification No.)

 

 

1590 Reed Road

Pennington, New Jersey

(Address of principal executive offices)

08534

(Zip Code)

 

 

(609) 730-0400
(Registrant’s telephone number, including area code)

 

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 (see General Instruction A.2. below):

 

[ ]     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 240.14-2(b))

 

[ ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.133-4(c))

 

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.

 

 

 

 

Item 5.07          Submission of Matters to a Vote of Security Holders.

 

The annual meeting of the stockholders of Ocean Power Technologies, Inc. (the “Company”) for the year ended April 30, 2017 (the “Annual Meeting”) was held on October 20, 2017.

 

At the Annual Meeting, the following proposals were voted on by the stockholders of the Company.

 

 

1)

Election of five directors to the Company’s board of directors.

 

2)

Ratification of the selection of KPMG, LLP as the Company’s independent registered public accounting firm.

 

3)

Approval, on an advisory, non-binding basis, of the Company’s executive officer compensation.

 

4)

Approval, on an advisory, non-binding basis, of the frequency of future votes on Company’s executive offer compensation.

 

The results of the voting were as follows:

 

Five directors were elected for terms expiring on the date of the annual meeting for the year ended April 30, 2018. As to each nominee for director, the results of the voting were as follows:

 

Name of Nominee

  Number of Votes
Voted For
  Number of Votes
Withheld
 

Number of Broker

Non-Votes

Terence J. Cryan

 

1,160,502

 

322,650

 

6,613,866

Dean J. Glover

 

1,184,778

 

298,374

 

6,613,866

George H. Kirby III

 

1,189,623

 

293,529

 

6,613,866

Steven M. Fludder

 

1,183,344

 

299,808

 

6,613,866

Robert K. Winters

 

1,166,795

 

316,357

 

6,613,866

 

 

The result of the vote to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending April 30, 2018 was as follows:

 

Number of Votes
Voted For

 

Number of Votes
Voted Against

 

Number of Votes
Abstaining

 

Number of
Broker Non-Votes

6,727,715

 

286,110

 

1,083,193

 

0

 

 

The result of the vote on the advisory resolution to approve the Company’s executive officer compensation was as follows:

 

Number of Votes
Voted For

 

Number of Votes
Voted Against

 

Number of Votes
Abstaining

 

Number of
Broker Non-Votes

913,467

 

467,286

 

102,399

 

6,613,866

 

 

 

 

The result of the advisory vote to approve the frequency of future votes on Company’s executive offer compensation was as follows:

 

Number of Votes
Voted For
One Year

 

Number of Votes
Voted
For Two Years

 

Number of Votes
Voted for Three Years

962,163

 

99,328

 

156,408

 

 

Number of Votes
Abstaining

 

Number of
Broker Non-Votes

     

265,253

 

6,613,866

 

 

 

 

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.

 

Date: October 25, 2017

 

 

OCEAN POWER TECHNOLOGIES, INC.

 

     
     

  

 

 

 

/s/ George H. Kirby III

 

 

George H. Kirby III
President and Chief Executive Officer