Business Context and Reporting Period
This Form 8-K Current Report was filed by Ocean Power Technologies, Inc. on August 10, 2007. The report discloses a material event regarding the departure of a senior executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statements or performance metrics.
Material Changes
On August 10, 2007, John A. Baylouny resigned from his position as Senior Vice President, Engineering. His resignation is effective September 4, 2007. Mr. Baylouny was a named executive officer of the Company.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the executive departure.
Investor Verification Checklist
- Verify the effective date of John A. Baylouny's resignation (September 4, 2007).
- Confirm the appointment of a replacement for the Senior Vice President, Engineering role.
- Review subsequent filings for any impact of this departure on the company's engineering projects or operational strategy.