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Our common stock trades on the NASDAQ Global Market (NASDAQ) under the symbol “POWL.”
−Removed: As of December 4, 2023, there were 240 stockholders of record of our common stock.
−Removed: All common stock held in street names is recorded in the Company’s stock register as being held by one stockholder.
−Removed: Securities Authorized for Issuance under Equity Compensation Plans
−Removed: See “Part III, Item 12.
−Removed: Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report for information regarding securities authorized for issuance under our equity compensation plans.
+Added: As of November 18, 2024, there were 200 stockholders of record of our common stock.
Dividend Policy
−Removed: The Board anticipates declaring cash dividends in future quarters;
−Removed: however, there is no assurance as to future dividends or their amounts because they depend on future earnings, capital requirements, financial condition and debt covenants.
+Added: We paid cash dividends to our common stockholders in each quarter of Fiscal 2024 and expect comparable cash dividend payments in the future.
+Added: However, future cash dividend payments will depend on future earnings, capital requirements, financial condition and debt covenants.
Performance Graph
The following Performance Graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: In our Form 10-K for the fiscal year ended September 30, 2022, the performance graph included a peer index (the "previous Industrial Electrical Equipment Group") composed of Altra Industrial Motion Corp.;
−Removed: Ameresco, Inc.;
+Added: In our Form 10-K for the fiscal year ended September 30, 2023, the performance graph included a peer index (the “Previous Industrial Electrical Equipment Group”) composed of Ameresco, Inc.;
+Added: Smith Corporation;
+Added: CECO Environmental;
Daktronics Inc.;
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Preformed Line Products Company;
−Removed: Smith Corporation;
Thermon Group Holdings Inc.
and Woodward, Inc.
−Removed: As a continuing effort to align our peer group with our industry, market capitalization, location and other factors, we have replaced Altra Industrial Motion Corp.
−Removed: with CECO Environmental.
+Added: As a continuing effort to align our peer group with our industry, market capitalization, location and other factors, we have replaced A.O.
+Added: Smith Corporation with Sterling Infrastructure, Inc.
Accordingly, the new Industrial Electrical Equipment Group is composed of Ameresco, Inc.;
−Removed: Smith Corporation;
CECO Environmental;
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Preformed Line Products Company;
+Added: Sterling Infrastructure, Inc.;
Thermon Group Holdings Inc.
and Woodward, Inc.
+Added: (collectively, the “New Industrial Electrical Equipment Group”).
The following graph compares, for the period from October 1, 2019 to September 30, 2024, the cumulative stockholder return on our common stock with the cumulative total return on the IShares Russell 2000, the Invesco S&P SmallCap 600 Energy, the new Industrial Electrical Equipment Group and the previous Industrial Electrical Equipment Group.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.