{"schema_version":"secwatch.filing_event.v1","accession":"0000080420-22-000024","form_type":"8-K","ticker":"POWL","cik":"0000080420","company_name":"POWELL INDUSTRIES INC","filed_at":"2022-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.763435+00:00","generated_at":"2026-06-25T17:20:25.035553+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Director Perry L. Elders resigns from Powell Industries board citing capital allocation disagreements","bullets":["Perry L. Elders resigned as director and audit committee chair, effective May 10, 2022.","Company cites lack of alignment on capital allocation, board succession, and regulatory risk assessment.","Powell Industries states its practices align with industry standards; no other director changes announced.","Elders will provide consulting services to the company through September 30, 2022.","Resignation letter filed as Exhibit 99.1; company offered opportunity for Elders to respond."],"urls":{"canonical":"https://secwatch.observer/filing/0000080420-22-000024","json":"https://secwatch.observer/filing/0000080420-22-000024.json","markdown":"https://secwatch.observer/filing/0000080420-22-000024.md","text":"https://secwatch.observer/filing/0000080420-22-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/80420/000008042022000024/0000080420-22-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/80420/000008042022000024/powl-20220510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T17:20:25.035553+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"62c4f9800a","claim":"Perry L. Elders resigned as Director at POWELL INDUSTRIES INC.","evidence_excerpt":"On May 10, 2022, Perry L. Elders resigned from the board of directors (the “Board”) of Powell Industries, Inc. (the “Company”) and all committees thereof effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/80420/000008042022000024/0000080420-22-000024-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}