Ocean Power Technologies, Inc. · AMEX:OPTT
Ocean Power Technologies — Proxy Contest (January 2024)
5 slides from Ocean Power Technologies's proxy contest presentation, Jan 4, 2024
Slide 1: Introduction
Paragon Technologies, the largest shareholder of Ocean Power Technologies (OPT), owning approximately 4.9% of the outstanding shares of the Company. Earlier this year Paragon e xpressed s erious concerns about OPT’s alarming financial and share price u nderperformance u nder the current Board and CE
Slide 2: OPT's Board and CEO Continue to Mislead Shareholders
OPT’s Misleading Statements… OPT’s Board tells shareholders to protect their investment by voting for their Board. OPT’s Board tells shareholders votes for Paragon will not be counted. OPT’s Board claims to have taken decisive action to create shareholder value. The newly installed CEO and three dir
Slide 3: Disregard any WHITE proxy from OPT. Vote ONLY the BLUE proxy
Disregard any WHITE proxy from OPT. Do NOT vote WITHHOLD. Instead send a strong message and ONLY vote the BLUE proxy. If you voted to withhold, you can change your vote and send a stronger message by voting the BLUE proxy card. The BLUE proxy card is the ONLY VOTE AGAINST the current Board. Do not c
Slide 4: Your vote matters and it will not be up to OPT to determine if your vote counts
Your vote matters and it will not be up to OPT to determine if your vote counts. Please email us at ir@pgntgroup.com about how to vote your BLUE proxy card or contact our Proxy Solicitor, Alliance Advisors at OPTT@allianceadvisors.com . A vote on the BLUE proxy card is the ONLY VOTE AGAINST the curr
Slide 5: Paragon Technologies background and footnotes
1. FINANCIAL DATA FROM PARAGON TECHNOLOGIES 2015 AND 2022 ANNUAL RE PORT FILED WITH THE OTC . 2. SHARE PRICE DATA PROVIDED BY MORGAN STANLEY/E - TRADE AND REFLECTS SHARE PRICE OF $0.85 AS OF 1/1/2015 AND $9.00 ON 1/38/2024 Paragon Technologies is a diversified holding company with business activitie
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