Perma-Pipe International Holdings Reports Director/Officer Changes
Ticker: PPIH · Form: 8-K · Filed: Jan 6, 2025 · CIK: 914122
| Field | Detail |
|---|---|
| Company | Perma-Pipe International Holdings, Inc. (PPIH) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
Related Tickers: PPIH
TL;DR
Perma-Pipe (PPIH) filed an 8-K detailing director/officer changes and financial updates.
AI Summary
Perma-Pipe International Holdings, Inc. filed an 8-K on January 6, 2025, reporting on the departure of directors, election of directors, appointment of officers, and compensatory arrangements. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company, formerly known as MFRI Inc. and Midwesco Filter Resources Inc., is incorporated in Delaware and headquartered in Spring, Texas.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily reports routine corporate governance changes and financial disclosures, with no immediate indication of significant financial distress or major strategic shifts.
Key Players & Entities
- Perma-Pipe International Holdings, Inc. (company) — Registrant
- MFRI Inc. (company) — Former Company Name
- Midwesco Filter Resources Inc. (company) — Former Company Name
- January 6, 2025 (date) — Date of earliest event reported
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.
What is the exact name of the registrant?
The exact name of the registrant is Perma-Pipe International Holdings, Inc.
In which state is Perma-Pipe International Holdings, Inc. incorporated?
Perma-Pipe International Holdings, Inc. is incorporated in Delaware.
What were the former names of Perma-Pipe International Holdings, Inc.?
The former names of Perma-Pipe International Holdings, Inc. were MFRI Inc. and Midwesco Filter Resources Inc.
What is the business address of Perma-Pipe International Holdings, Inc.?
The business address of Perma-Pipe International Holdings, Inc. is 24900 Pitkin Road, Suite 309, Spring, Texas 77386.
Filing Stats: 749 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2025-01-06 14:52:14
Filing Documents
- ppih20241231c_8k.htm (8-K) — 32KB
- ex_761551.htm (EX-99.1) — 15KB
- logo.jpg (GRAPHIC) — 7KB
- 0001437749-25-000432.txt ( ) — 195KB
- ppih-20250106.xsd (EX-101.SCH) — 3KB
- ppih-20250106_def.xml (EX-101.DEF) — 12KB
- ppih-20250106_lab.xml (EX-101.LAB) — 15KB
- ppih-20250106_pre.xml (EX-101.PRE) — 12KB
- ppih20241231c_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. Appointment of Ibrahim Jaham Al Kuwari On January 6, 2025, the Board of Directors (the "Board") of Perma-Pipe International Holdings, Inc. (the "Company") appointed Ibrahim Jaham Al Kuwari to the Board, effective January 6, 2025. The Board also appointed Mr. Al Kuwari to the Audit, Compensation, and Nominating and Governance Committees, concurrently with the commencement of his appointment to the Board. Mr. Al Kuwari, 63, has extensive business leadership, engineering, planning, and project management expertise, serving as Chief Executive Officer ("CEO") of Qatar Solar Technologies from 2018-2024, a manufacturer of polysilicon for the production of solar cells and modules. From 2014-2017, Mr. Al Kuwari served as CEO of Qatar Fuel, a distributor of refined petroleum products, and as Deputy General Manager of Dolphin Energy, Ltd, from 2005-2014, a supplier of natural gas in Qatar and throughout the U.A.E. He graduated from the University of Southern California in 1987 with a Bachelor of Science degree in Industrial and Systems Engineering. In connection with the appointment of Mr. Al Kuwari as a director, he will receive compensation for his services that is consistent with the other independent directors as described under "Director Compensation" set forth in the Company's proxy statement for its 2024 Annual Meeting of Stockholders, which was filed with the Securities and Exchange Commission on July 2, 2024. Departure of Jerome T. Walker and Cynthia Boiter On January 6, 2025, Jerome T. Walker notified the Board that he would not stand for re-election as a director of the Company at the 2025 Annual Meeting of Stockholders. Additionally, on January 6, 2025, Cynthia Boiter notified the Board of her resignation as a member of the Board, effective May 1, 2025, for personal reasons. Neither of these decisi
01
Item 7.01 Regulation FD Disclosure. On January 6, 2025, the Company issued a press release announcing the events described in Item 5.02. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed or furnished herewith: Exhibit Number 99.1 Press Release of Perma-Pipe International Holdings, Inc., dated January 6, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. PERMA-PIPE INTERNATIONAL HOLDINGS, INC. Date: January 6, 2025 By: /s/ Matthew E. Lewicki Matthew E. Lewicki Vice President and Chief Financial Officer