secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000080420-23-000011
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/0000080420-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042023000011/powl-20230215.htm
  HTML page:      https://secwatch.observer/filing/0000080420-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer