Powell Industries SC 13D/A Amendment Filed

TL;DR

Powell Industries (POWL) saw a 13D/A filing update from Thomas W. Powell on Oct 8. Ownership details changed.

AI Summary

Thomas W. Powell has amended his Schedule 13D filing for Powell Industries, Inc. on October 8, 2024. The filing indicates a change in beneficial ownership of the company's common stock. Powell Industries, Inc. is a manufacturer of switchgear and switchboard apparatus.

Why It Matters

This amendment to the Schedule 13D filing signals a potential shift in the ownership structure or intentions of a significant shareholder in Powell Industries, Inc.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate changes in a major shareholder's stake or strategy, potentially impacting stock price.

Key Numbers

• October 8, 2024 — Filing Date (Date of event requiring filing)

Key Players & Entities

• Powell Industries, Inc. (company) — Subject company
• Thomas W. Powell (person) — Filing person
• 739128106 (other) — CUSIP Number

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value (Title of Class of Securiti
• $210.93 — ple transactions at prices ranging from $210.93 to $211.92, inclusive. Thomas Powell
• $211 — tions at prices ranging from $210.93 to $211.92, inclusive. Thomas Powell 9/25/2
• $211.93 — ple transactions at prices ranging from $211.93 to $212.90, inclusive. Thomas Powell
• $212 — tions at prices ranging from $211.93 to $212.90, inclusive. Thomas Powell 9/25/2
• $212.94 — ple transactions at prices ranging from $212.94 to $213.87, inclusive. Thomas Powell
• $213 — tions at prices ranging from $212.94 to $213.87, inclusive. Thomas Powell 9/25/2
• $214.01 — ple transactions at prices ranging from $214.01 to 214.77, inclusive. Thomas Powell
• $215.02 — ple transactions at prices ranging from $215.02 to $215.97, inclusive. Thomas Powell
• $215 — tions at prices ranging from $215.02 to $215.97, inclusive. Thomas Powell 9/25/2
• $216.06 — ple transactions at prices ranging from $216.06 to 216.89, inclusive. Thomas Powell
• $217.075 — ple transactions at prices ranging from $217.075 to $218.07, inclusive. Thomas Powell
• $218 — ions at prices ranging from $217.075 to $218.07, inclusive. Thomas Powell 9/25/2
• $218.23 — ple transactions at prices ranging from $218.23 to $218.725, inclusive. TWP Holdings
• $245.00 — ple transactions at prices ranging from $245.00 to $245.96, inclusive. TWP Holdings

Filing Documents

• tm2425942d1_sc13da.htm (SC 13D/A) — 59KB
• 0001104659-24-107765.txt ( ) — 60KB

is hereby amended and restated as follows

Item 5 is hereby amended and restated as follows: (a) – (b) The aggregate number and percentage of the outstanding shares of Common Stock beneficially owned by Mr. Powell are as follows: Aggregate amount beneficially owned: 2,334,593 (1)(3) Percent of class: 19.475 %(2) Number of shares as to which Mr. Powell has: Sole power to vote or direct the vote: 2,330,593 (1) Shared power to vote or direct the vote: 4,000 (3) Sole power to dispose or direct the disposition of: 2,330,593 (1) Shared power to dispose or direct the disposition of: 4,000 (3) (1) Represents (i) 682,265 shares of Common Stock of the Company held directly by Mr. Powell and (ii) 1,648,328 shares of Common Stock held by TWP Holdings, Ltd., a limited partnership controlled by Mr. Powell. (2) Based on 11,987,838 shares of Common Stock outstanding on June 30, 2024, as reported in the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 31, 2024. (3) Represents 4,000 shares of Common Stock held by Kimberly R. Powell, spouse of Mr. Powell. (c) Annex A hereof sets forth the transactions by Mr. Powell in the securities of the Company during the past sixty days. (d) Members of Mr. Powell’s immediate family may be deemed to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock held by TWP Holdings, Ltd. (e) Not applicable.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: October 10, 2024 /s/ Thomas W. Powell Thomas W. Powell Annex A Name Transaction Date Amount of Securities Acquired (Disposed) Price per Share Transaction Type Notes* Thomas Powell 9/25/2024 (6,157 ) $ 211.6827 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $210.93 to $211.92, inclusive. Thomas Powell 9/25/2024 (7,894 ) $ 212.3765 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.93 to $212.90, inclusive. Thomas Powell 9/25/2024 (4,572 ) $ 213.3598 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $212.94 to $213.87, inclusive. Thomas Powell 9/25/2024 (1,002 ) $ 214.1817 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $214.01 to 214.77, inclusive. Thomas Powell 9/25/2024 (691 ) $ 215.7209 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.02 to $215.97, inclusive. Thomas Powell 9/25/2024 (202 ) $ 216.7473 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.06 to 216.89, inclusive. Thomas Powell 9/25/2024 (3,257 ) $ 217.5703 Open Market Sale The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $217.075 to $218.07, inclusive. Thomas Powell 9/25/2024 (1,225 ) $ 218.4529 Open M

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View this SC 13D/A filing on SEC EDGAR