other
confidence high
sentiment neutral
materiality 0.15
Powell Industries board opts for annual say-on-pay vote after stockholder advisory vote
POWELL INDUSTRIES INC
- Board determined to hold advisory vote on executive compensation every year based on stockholder vote outcome.
- At Feb 15, 2023 annual meeting, highest votes favored annual frequency for say-on-pay.
- This frequency remains until next stockholder advisory vote on frequency of say-on-pay.
- Filing amends original 8-K to disclose board's determination on vote frequency.