---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-23-000044"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:12:04.179474+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# XPEL shareholders elect directors, double authorized shares under equity plan

## Summary
- All five director nominees elected: Pape (16.7M for), Adams (17.0M), Bogart (15.4M), Crumly (14.0M), Klonne (15.4M).
- Deloitte & Touche ratified as auditor for 2023: 20.4M for, 13k against.
- Equity incentive plan amendment approved: shares reserved increased from 275k to 550k; 16.7M for, 483k against.
- Advisory say-on-pay passed: 16.7M for, 496k against.

## SEC filing metadata
- accession: 0001767258-23-000044
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000044/0001767258-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000044/xpel-20230524.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-23-000044
- JSON: https://secwatch.observer/filing/0001767258-23-000044.json
- Plain text: https://secwatch.observer/filing/0001767258-23-000044.txt

## Key facts
- Shareholder Votes
  XPEL, Inc. shareholders approved Election of Directors at the 2023-05-24 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: For Withhold Broker Non-Vote Ryan L. Pape 16,677,889 505,522 3,248,903 Mark E. Adams 16,986,759 196,652 3,248,903 Stacy L. Bogart 15,391,424 1,791,987 3,248,903 Richard K. Crumly 14,030,524 3,152,887 3,248,903 Michael A. Klonne 15,359,540 1,823,871 3,248,903
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000044/0001767258-23-000044-index.htm
- Shareholder Votes
  XPEL, Inc. shareholders approved To approve an amendment to the XPEL Inc. 2020 Equity Incentive Plan to increase the number of shares reserved under the Plan from 275,000 shares to 550,000 shares at the 2023-05-24 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: To approve an amendment to the XPEL Inc. 2020 Equity Incentive Plan to increase the number of shares reserved under the Plan from 275,000 shares to 550,000 shares. For Against Abstain Broker Non-Vote 16,697,153 482,898 3,360 3,248,903
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000044/0001767258-23-000044-index.htm
- Shareholder Votes
  XPEL, Inc. shareholders approved To ratify the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023 at the 2023-05-24 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: To ratify the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2023: For Against Abstain 20,416,165 13,433 2,716
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000044/0001767258-23-000044-index.htm
- Shareholder Votes
  XPEL, Inc. shareholders approved To approve, on an advisory basis, the compensation of the Company’s named executive officers at the 2023-05-24 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-24
  source text: To approve, on an advisory basis, the compensation of the Company’s named executive officers: For Against Abstain Broker Non-Vote 16,683,855 495,962 3,594 3,248,903
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000044/0001767258-23-000044-index.htm

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