UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
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Explanatory Note
Item 5.07 – Submission of Matters to a Vote of Security Holders
As previously reported in the Original Form 8-K, at the 2023 annual meeting of stockholders of the Company held on February 15, 2023 (the “Annual Meeting”), the Company’s stockholders voted on, among other matters, a non-binding advisory vote regarding the frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers. The highest number of votes cast at the Annual Meeting was for the option of holding such stockholder advisory vote every year. Based on these results and the prior recommendation by the Board of Directors of the Company, the Board has determined that the Company will hold a stockholder advisory vote on the compensation of the Company’s named executive officers every year. This frequency will remain in effect until the occurrence of the next stockholder advisory vote on the frequency of stockholder advisory votes on the compensation of the Company’s named executive officers.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| POWELL INDUSTRIES, INC. | ||||||
| Date: May 19, 2023 | ||||||
| By: | /s/ Michael W. Metcalf | |||||
| Michael W. Metcalf | ||||||
| Executive Vice President | ||||||
| Chief Financial Officer | ||||||
| (Principal Financial Officer) | ||||||