---
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"
generated_at: "2026-06-25T17:20:25.035553+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Director Perry L. Elders resigns from Powell Industries board citing capital allocation disagreements

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080420-22-000024
- JSON: https://secwatch.observer/filing/0000080420-22-000024.json
- Plain text: https://secwatch.observer/filing/0000080420-22-000024.txt

## Key facts
- Executive change
  Perry L. Elders resigned as Director at POWELL INDUSTRIES INC.
  - Action: resigned
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/80420/000008042022000024/0000080420-22-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.