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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): September 16, 2026

 

POWERFLEET, INC.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-39080   83-4366463
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

123 Tice Boulevard, Woodcliff Lake, New Jersey   07677
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code (201) 996-9000

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.01 per share   AIOT   The Nasdaq Global Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On September 16, 2026, the stockholders of Powerfleet, Inc. (the “Company”) approved and adopted an amendment (the “Plan Amendment”) to the Company’s 2018 Incentive Plan, as amended (the “2018 Plan”), at its 2026 annual meeting of stockholders (the “Annual Meeting”). A summary of the material terms of the 2018 Plan, as amended by the Plan Amendment, is included under the heading “Proposal No. 4: Approval of an Amendment to the Powerfleet, Inc. 2018 Incentive Plan” in the definitive proxy statement filed by the Company in connection with the Annual Meeting with the Securities and Exchange Commission on July 29, 2026. The summary is qualified in its entirety by reference to the full text of the 2018 Plan, as amended by the Plan Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

 

The Company held the Annual Meeting on September 16, 2026. At the Annual Meeting, the Company’s stockholders were asked to vote upon:

 

  1. The election of four directors, each to serve until the Company’s 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified. The nominees for election were Michael Casey, Ian Jacobs, Andrew Martin and Steve Towe;
     
  2. The ratification of the appointment of Deloitte & Touche as the independent registered public accounting firm of the Company for the fiscal year ending March 31, 2027;
     
  3. An advisory (non-binding) vote to approve the Company’s executive compensation; and
     
  4. The approval of the Plan Amendment.

 

The results of the matters voted on at the Annual Meeting, based on the presence in person or by proxy of holders of record of 99,056,956 of the 134,023,082 shares of the Company’s common stock entitled to vote, were as follows:

 

  1. The election of each of Messrs. Casey, Jacobs, Martin and Towe as directors of the Company to serve until the 2027 annual meeting of stockholders and until their respective successors are duly elected and qualified was approved as follows:

 

   For   Withheld   Broker Non-Votes 
Michael Casey   78,664,423    1,331,931    19,060,602 
Ian Jacobs   66,936,911    13,059,443    19,060,602 
Andrew Martin   77,276,560    2,719,794    19,060,602 
Steve Towe   79,282,386    713,968    19,060,602 

 

  2. The stockholders ratified the appointment of Deloitte & Touche as the Company’s independent registered public accounting firm for the fiscal year ending March 31, 2027. The voting results were as follows:

 

For   Against   Abstain   Broker Non-Votes
98,953,471   76,257   27,228  

 

  3. The stockholders approved an advisory resolution on executive compensation. The voting results were as follows:

 

For   Against   Abstain   Broker Non-Votes
78,166,408   1,665,813   164,133   19,060,602

 

  4. The stockholders approved the Plan Amendment. The voting results were as follows:

 

For   Against   Abstain   Broker Non-Votes
75,415,953   4,463,721   116,680   19,060,602

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Powerfleet, Inc. 2018 Incentive Plan, as amended.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  POWERFLEET, INC.
     
  By: /s/ Paul Lalljie
  Name: Paul Lalljie
  Title: Chief Financial Officer

 

Date: September 16, 2026