POWELL INDUSTRIES, INC. (NASDAQ:POWL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders
(the Company) held on February 22, 2017 (the Annual Meeting), the
Companys stockholders: (i) re-elected Eugene L. Butler,
Christopher E. Cragg and Bonnie V. Hancock as directors of the
Company with terms ending in 2020, (ii) approved, on an advisory
basis, the Companys say-on-pay proposal relating to the
compensation paid to the Companys named executive officers and
the related compensation discussion and analysis contained in the
Companys definitive proxy statement filed with the Securities and
Exchange Commission on January 9, 2017 and (iii) approved, on an
advisory basis, the frequency of the advisory vote on
compensation of named executive officers every year. The other
directors continuing in office are Brett A. Cope, Thomas W.
Powell, Scott E. Rozzell, Stephen W. Seale, Jr., John D. White
and Richard E. Williams.
Meeting:
|
Nominee
|
Votes Cast
For
|
Vote Cast
Against
|
Votes Withheld
|
Abstentions
|
Broker Non-Votes
|
|||||
|
Eugene L. Butler
|
8,768,582
|
556,439
|
||||||||
|
Christopher E. Cragg
|
9,166,847
|
158,174
|
||||||||
|
Bonnie V. Hancock
|
9,219,863
|
105,158
|
|
For
|
Against
|
Abstain
|
||
|
9,117,740
|
204,350
|
2,931
|
|
One Year
|
Two Years
|
Three Years
|
Abstain
|
|||
|
7,700,793
|
4,437
|
1,611,598
|
8,191
|
Board of Directors of the Company resolved that future
non-binding stockholder advisory votes on the compensation of the
Companys named executive officers will be conducted every year
until such time as the Company holds another stockholder advisory
vote on the frequency of advisory votes by stockholders on the
compensation of the Companys named executive officers.
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. POWELL INDUSTRIES, INC.> (NASDAQ:POWL) Recent Trading Information
POWELL INDUSTRIES, INC.> (NASDAQ:POWL) closed its last trading session down -0.41 at 33.77 with 34,126 shares trading hands.
