8-K

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

WASHINGTON,D.C. 20549

FORM 8-K

CURRENTREPORT

PURSUANTTO SECTION 13 OR 15(d)

OFTHE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) June 9, 2021

MECHANICALTECHNOLOGY, INCORPORATED

(Exact name of registrant as specified in its charter)

(518)218-2550

(Registrant’s telephone number, including area code)

N/A

(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 (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Act:

All values are in US Dollars.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

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. ☐

On June 9, 2021, the Board of Directors (the “Board”) of Mechanical Technology, Incorporated (the “Company”) authorized and approved an increase in the base compensation payable to Jessica Thomas, the Company’s Chief Financial Officer, from $159,650 to $200,000 per year.

On June 9, 2021, the Company filed a certificate of amendment to its articles of incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Nevada to increase the maximum number of directors constituting the entire Board of Directors of the Company from nine to 10 directors (the “Amendment”). As reported on the Company’s Current Report on Form 8-K filed on June 10, 2021, the Amendment was approved by the Company’s stockholders at its Annual Meeting of Stockholders held on June 9, 2021.

Certificateof Amendment

The above description of the Certificate of Amendment is a summary of the material terms thereof and is qualified in its entirety by reference to the Certificate of Amendment, a copy of which is attached hereto as Exhibit 3.1, as filed with the Secretary of State of the State of Nevada on June 14, 2021 (effective as of 8:00 a.m. (Eastern Time) on June 14, 2021).

(d) Exhibits.

SIGNATURES

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.

Exhibit 3.1