Powerfleet amends CEO severance to 2x bonus payment on termination

Powerfleet, Inc.

Amendment effective May 31, 2025, between Powerfleet and CEO Steve Towe.
Upon severance-triggered termination, bonus payment is 2x the bonus that would have been paid for that fiscal year.
Bonus paid as lump sum on the date payments are made to other employees.
Chairman Michael Brodsky signed for the Company; Towe signed as Executive.
This is the second amendment to the January 2022 severance agreement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.