---
schema_version: "secwatch.filing_event.v1"
accession: "0000080420-23-000011"
form_type: "8-K"
ticker: "POWL"
cik: "0000080420"
company_name: "POWELL INDUSTRIES INC"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:57:06.854271+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Powell Industries shareholders approve equity plan amendment, increase shares by 600K, elect new director

## Summary
- 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.

## SEC filing metadata
- accession: 0000080420-23-000011
- form_type: 8-K
- ticker: POWL
- cik: 0000080420
- company_name: POWELL INDUSTRIES INC
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/0000080420-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/powl-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000080420-23-000011
- JSON: https://secwatch.observer/filing/0000080420-23-000011.json
- Plain text: https://secwatch.observer/filing/0000080420-23-000011.txt

## Key facts
- Shareholder Votes
  POWELL INDUSTRIES INC shareholders approved Say-on-Pay advisory vote.
  - Proposal: say on pay
  - Outcome: passed
  source text: 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 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/0000080420-23-000011-index.htm
- Shareholder Votes
  POWELL INDUSTRIES INC shareholders approved Amendment to the 2014 Equity Incentive Plan.
  - Proposal: equity plan
  - Outcome: passed
  source text: 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 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/0000080420-23-000011-index.htm
- Shareholder Votes
  POWELL INDUSTRIES INC shareholders approved Selection of frequency of future say-on-pay votes.
  - Proposal: say on pay frequency
  - Outcome: passed
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/0000080420-23-000011-index.htm
- Shareholder Votes
  POWELL INDUSTRIES INC shareholders approved Election of directors.
  - Proposal: director election
  - Outcome: passed
  source text: 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 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/0000080420-23-000011-index.htm

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