---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-013812"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T22:24:50.687607+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Powerfleet amends CEO severance to 2x bonus payment on termination

## Summary
- 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.

## SEC filing metadata
- accession: 0001641172-25-013812
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000164117225013812/0001641172-25-013812-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000164117225013812/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-013812
- JSON: https://secwatch.observer/filing/0001641172-25-013812.json
- Plain text: https://secwatch.observer/filing/0001641172-25-013812.txt

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