Powell Industries shareholders re-elect directors, approve say-on-pay and officer exculpation charter amendment

POWELL INDUSTRIES INC

Directors Brett A. Cope, John G. Stacey, Richard E. Williams re-elected with terms expiring FY2028.
Advisory say-on-pay proposal approved: 8,522,693 for, 114,169 against, 20,382 abstentions.
Amendment to Certificate of Incorporation to provide officer exculpation under Delaware law approved and effective Feb 19, 2025.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

POWELL INDUSTRIES INC: Amended and restated Certificate of Incorporation to provide for exculpation of certain officers and make non-substantive updates (effective 2025-02-19).

Change: charter amendment
Effective: 2025-02-19

Exact text from the filing

At the annual meeting of stockholders of Powell Industries, Inc. (the “Company”) held on February 19, 2025 (the “Annual Meeting”), the Company’s stockholders approved an amendment and restatement of the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) to provide for exculpation of certain officers of the Company as permitted by Delaware law and to make certain non-substantive updates (the “Amended and Restated Certificate of Incorporation”) . The Amended and Restated Certificate of Incorporation became effective upon the filing with the Secretary of State of the State of Delaware on February 19, 2025.

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Source: SEC EDGAR

accession 0000080420-25-000034

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