Business Context and Reporting Period
This Form 8-K Current Report was filed by Ocean Power Technologies, Inc. on June 22, 2008. The report discloses a corporate governance event regarding the Board of Directors.
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.
Material Changes
On June 22, 2008, Sir Eric A. Ash (age 80) notified the Board of Directors that he does not intend to stand for re-election as a director at the Company's next annual meeting of shareholders, expected to be held in October 2008.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the director's departure.
Key Facts for Investor Verification
- Sir Eric A. Ash will not seek re-election as a director at the October 2008 annual meeting.
- The report was signed by Charles F. Dunleavy, Chief Financial Officer, on June 26, 2008.
- No financial performance data is included in this specific filing.