POWELL INDUSTRIES, INC. (NASDAQ:POWL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 11, 2018, Powell Industries, Inc. (the “Company”) received notification from Don R. Madison, Executive Vice President and Chief Financial and Administrative Officer of the Company that Mr. Madison intends to retire effective as of October 1, 2018.
Item 8.01 Other Events.
On May 14, 2018, the Company issued a press release titled “Powell Industries Announces CFO Retirement Plan.” A copy of such press release is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
Press Release dated May 14, 2018
POWELL INDUSTRIES INC ExhibitEX-99.1 2 ex991cforetirementannounce.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 PRESS RELEASE Contact: Don R. Madison,…To view the full exhibit click
About POWELL INDUSTRIES, INC. (NASDAQ:POWL)
Powell Industries, Inc. develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment. The Company’s principal products include integrated power control room substations (PCRs), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers and bus duct systems. These products are designed for application voltages ranging from 480 volts to 38,000 volts, and are used in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets.