8-K
filed February 16, 2023, 6:59 PM ET
ticker POWL
CIK 0000080420
other material
confidence high
sentiment neutral
materiality 0.45
Powell Industries shareholders approve equity plan amendment, increase shares by 600K, elect new director
POWELL INDUSTRIES INC
- Shareholders approved amendment to 2014 Equity Incentive Plan extending term to Dec 1, 2028 and increasing authorized shares to 1,350,000.
- Elected new director Alaina K. Brooks (9,315,771 votes for) and re-elected Christopher E. Cragg and Katheryn B. Curtis.
- Say-on-pay advisory vote passed (9,251,287 for, 75,110 against); frequency set to 1 year (8,339,152 votes).
- Plan amendment includes a 600,000-share increase from the prior reserve, representing potential dilution for shareholders.
- Other directors continuing: Brett A. Cope, James W. McGill, John G. Stacey, John D. White, Richard E. Williams.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
POWELL INDUSTRIES INC shareholders approved Say-on-Pay advisory vote.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal No. 2: “Say-on-Pay” advisory vote Votes Cast For Vote Cast Against Votes Withheld/Abstentions Broker Non-Votes 9,251,287 75,110 4,308 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
POWELL INDUSTRIES INC shareholders approved Amendment to the 2014 Equity Incentive Plan.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal No. 4: Amendment to the 2014 Equity Incentive Plan Votes Cast For Vote Cast Against Votes Withheld/Abstentions Broker Non-Votes 9,152,801 165,235 12,669 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.8
POWELL INDUSTRIES INC shareholders approved Selection of frequency of future say-on-pay votes.
- Proposal
- say on pay frequency
- Outcome
- passed
Exact text from the filing
Proposal No. 3: Selection of frequency of future “Say-on-Pay” votes 1 Year 2 Years 3 Years Abstain 8,339,152 5,262 982,966 3,325
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
POWELL INDUSTRIES INC shareholders approved Election of directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Proposal No. 1: Election of directors Nominee Votes Cast For Vote Cast Against Votes Withheld Broker Non-Votes Christopher E. Cragg 8,007,441 — 1,323,264 — Katheryn B. Curtis 6,782,446 — 2,548,259 — Alaina K. Brooks 9,315,771 — 14,934 —
View on SEC.gov
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