---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-072218"
form_type: "8-K"
ticker: "IPWR"
cik: "0001507957"
company_name: "Ideal Power Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:34:32.106349+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Stockholders approve 400K share increase in 2013 Equity Incentive Plan at annual meeting

## Summary
- Increase in authorized shares by 400,000 to 1,458,999 total; plan term extended to June 15, 2033.
- All five director nominees elected; BPM LLP ratified as independent auditor for FY2023.
- Non-binding advisory vote on executive compensation passed with 1,565,870 for, 197,600 against.
- Plan amendment approved by narrow margin: 909,793 for, 858,925 against, plus broker non-votes.
- Annual meeting held virtually on June 15, 2023.

## SEC filing metadata
- accession: 0001104659-23-072218
- form_type: 8-K
- ticker: IPWR
- cik: 0001507957
- company_name: Ideal Power Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507957/000110465923072218/0001104659-23-072218-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507957/000110465923072218/tm2318895d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-072218
- JSON: https://secwatch.observer/filing/0001104659-23-072218.json
- Plain text: https://secwatch.observer/filing/0001104659-23-072218.txt

## Key facts
- Shareholder Votes
  Ideal Power Inc. shareholders approved Ratification of the appointment of BPM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-06-15 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-15
  source text: Proposal 2 — Ratification of the appointment of BPM LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000110465923072218/0001104659-23-072218-index.htm
- Shareholder Votes
  Ideal Power Inc. shareholders approved Approval of the Amended & Restated Ideal Power Inc. 2013 Equity Incentive Plan. at the 2023-06-15 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-06-15
  source text: Proposal 4 — Approval of the Amended & Restated Ideal Power Inc. 2013 Equity Incentive Plan.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000110465923072218/0001104659-23-072218-index.htm
- Shareholder Votes
  Ideal Power Inc. shareholders approved Approval, on a non-binding, advisory basis, the compensation of the Company’s named executive officers. at the 2023-06-15 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-06-15
  source text: Proposal 3 — Approval, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000110465923072218/0001104659-23-072218-index.htm
- Shareholder Votes
  Ideal Power Inc. shareholders approved Election of five directors to serve until the 2024 annual meeting of stockholders and until their respective successors are elected and qualified. at the 2023-06-15 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-15
  source text: Proposal 1 — Election of five directors to serve until the 2024 annual meeting of stockholders and until their respective successors are elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507957/000110465923072218/0001104659-23-072218-index.htm

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