Powerfleet, Inc. announced on September 16, 2026, that its stockholders have approved an amendment to the company’s 2018 Incentive Plan. The approval occurred during the company’s 2026 annual meeting of stockholders. The amendment modifies the existing 2018 Plan, with a summary of the material terms included in the definitive proxy statement filed with the Securities and Exchange Commission on July 29, 2026.
The meeting included the election of four directors: Michael Casey, Ian Jacobs, Andrew Martin, and Steve Towe. Each director was elected to serve until the Company’s 2027 annual meeting of stockholders. The election results were based on the presence of holders of record for 99,056,956 of the 134,023,082 shares of common stock entitled to vote. The vote counts for the directors were as follows:
- Michael Casey: 78,664,423 For, 1,331,931 Withheld, and 19,060,602 Broker Non-Votes.
- Ian Jacobs: 66,936,911 For, 13,059,443 Withheld, and 19,060,602 Broker Non-Votes.
- Andrew Martin: 77,276,560 For, 2,719,794 Withheld, and 19,060,602 Broker Non-Votes.
- Steve Towe: 79,282,386 For, 713,968 Withheld, and 19,060,602 Broker Non-Votes.
In addition to the director elections, stockholders ratified the appointment of Deloitte & Touche as the independent registered public accounting firm for the fiscal year ending March 31, 2027. The ratification received 98,953,471 votes for, 76,257 votes against, and 27,228 abstentions.
Stockholders also voted on an advisory resolution regarding executive compensation, which received 78,166,408 votes for, 1,665,813 votes against, and 164,133 abstentions. Finally, the stockholders approved the amendment to the 2018 Incentive Plan, with 75,415,953 votes for, 4,463,721 votes against, and 116,680 abstentions.
