secwatch.observer — SEC 8-K summary
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Issuer:     POWELL INDUSTRIES INC (POWL)
CIK:        0000080420
Form:       8-K
Filed at:   2026-01-06T23:59:59+00:00
Accession:  0000080420-26-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Powell Industries boosts CEO and CFO equity awards; adds revenue growth metric
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- CEO Cope's Fiscal 2026 target equity value raised to $2.2M from 170% of $750K salary.
- CFO Metcalf's target value increased to $600K from 75% of $424,400 salary.
- Cope's award now 60% performance-based RSUs (up from 50%); Metcalf remains 50/50.
- Performance RSUs add three-year Revenue CAGR goal alongside EBITDA and safety metrics.
- Awards approved Jan 2, 2026; supplement prior Oct 1, 2025 grants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/80420/000008042026000009/0000080420-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/80420/000008042026000009/powl-20260102.htm
  HTML page:      https://secwatch.observer/filing/0000080420-26-000009

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