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 October 31, 2017, Powell Industries, Inc. (the “Company”) received notification from Scott E. Rozzell that Mr. Rozzell intends to retire from the board of directors of the Company effective at the end of his current term, which will expire at the 2018 Annual Meeting of Stockholders. Mr. Rozzell’s decision to retire is not related to any disagreement with the Company over any of its operations, policies or practices.
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.