PowerFleet corrects CFO stock option exercise price to $3.00 per share

Powerfleet, Inc.

Amendment corrects prior 8-K that erroneously stated exercise price of options granted to new CFO David Wilson.
Options to purchase 130,000 shares (time-vesting) and 275,000 shares (performance-vesting) both at $3.00 per share.
Equity grants include 75,000 restricted shares vesting over four years; base salary $350,000; annual bonus up to 75%.
Wilson appointed CFO effective January 4, 2023; prior role as CFO of NS1.

item 5.02 item 9.01

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Appointed

David Wilson

Chief Financial Officer

AIOT · Powerfleet, Inc.

Effective: 2023-01-04
Filed: January 6, 2023, 6:59 PM ET

On January 4, 2023, the Company announced that David Wilson was appointed as the Chief Financial Officer of the Company, effective as of January 4, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Wilson was appointed as Chief Financial Officer at Powerfleet, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On January 4, 2023, the Company announced that David Wilson was appointed as the Chief Financial Officer of the Company, effective as of January 4, 2023.

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Powerfleet, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-000802

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