---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032787"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2023-09-15T23:59:59+00:00"
generated_at: "2026-06-10T16:30:27.999627+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# PowerFleet amends CEO severance to 2x base salary payout

## Summary
- Effective Sept. 11, 2023, CEO Steve Towe's severance amended to 2x base salary.
- Amendment approved by Compensation Committee after review with independent compensation consultant.
- Severance cash payment of 2x salary paid over 12 months via payroll, starting 60 days post-trigger.

## SEC filing metadata
- accession: 0001493152-23-032787
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2023-09-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315223032787/0001493152-23-032787-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315223032787/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032787
- JSON: https://secwatch.observer/filing/0001493152-23-032787.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032787.txt

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