ocean_8k-100412.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 Exchange Act of 1934
 
Date of Report (Date of earliest event reported): October 4, 2012
 
OCEAN POWER TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Delaware
 
001-33417
 
22-2535818
(State or other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
       
1590 Reed Road
Pennington, NJ
 
08534
 
(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.)
 
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:
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
Item 5.07. Submission of Matters to a Vote of Security Holders.
 
On October 4, 2012, Ocean Power Technologies, Inc. (the "Company") held its 2012 Annual Meeting of Stockholders. At the Annual Meeting, the Company's stockholders voted on the following proposals:
 
1. To elect the six nominees named in the Company's proxy statement to serve for a one-year term as a director of the Company expiring at the Company's 2013 Annual Meeting of Stockholders and, in each case, until a successor is elected and qualified. Each nominee for director was elected by a vote of the stockholders as follows:
 
Name
 
For
 
Withheld
 
Broker Non-Votes
Seymour S. Preston III
 
3,000,938
 
123,948
 
4,451,561
Terence J. Cryan
 
2,965,700
 
159,186
 
4,451,561
David L. Davis
 
3,046,505
 
78,381
 
4,451,561
Bruce A. Peacock
 
3,046,335
 
78,551
 
4,451,561
Dr. George W. Taylor
 
3,000,007
 
124,879
 
4,451,561
Charles F. Dunleavy
 
3,005,208
 
119,678
 
4,451,561

2. To ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for fiscal 2013. The proposal was approved by a vote of the stockholders as follows:
 
For
 
Against
 
Abstain
7,458,514
 
114,564
 
3,369
 
3. To approve, on a nonbinding advisory basis, the compensation paid to the Company’s named executive officers, as disclosed pursuant to Item 402 of Regulation S-K. The proposal was approved by a vote of the stockholders as follows:
 
For
 
  
Against
 
  
Abstentions
 
  
Broker Non-votes
 
 
2,401,072
  
  
 
681,427
  
  
 
42,387
  
  
 
4,451,561
  
 
 
 

 
 
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.
 
 
 
Date: October 9, 2012 
By:  
/s/ BRIAN M. POSNER  
 
   
Brian M. Posner 
 
   
Chief Financial Officer