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    PowerFleet Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits

    1/7/25 4:24:14 PM ET
    $AIOT
    Telecommunications Equipment
    Telecommunications
    Get the next $AIOT alert in real time by email
    false 0001774170 0001774170 2025-01-02 2025-01-02 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    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): January 2, 2025

     

    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 January 2, 2025, Jim Zeitunian notified Powerfleet, Inc. (the “Company”) of his resignation as Chief Technology Officer of the Company. Mr. Zeitunian will be leaving the Company effective as of January 30, 2025.

     

    Item 8.01. Other Events.

     

    On January 7, 2025, the Company issued a press release announcing the hiring of Mike Powell as the Company’s Chief Innovation Officer. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

     

    Item 9.01. Financial Statements and Exhibits.

     

    (d) Exhibits.

     

    Exhibit No.   Description
    99.1   Press release, dated January 7, 2025.
    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/ David Wilson
      Name: David Wilson
      Title: Chief Financial Officer

     

    Date: January 7, 2025

     

     

     

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