Powell Industries filed a certificate of amendment to effect a three-for-one forward stock split and increase authorized common stock from 30 million to 90 million shares, effective April 1, 2026.
Key takeaways
Three-for-one forward stock split of common stock effective at 5:00 p.m. ET on April 1, 2026.
Authorized common stock increased proportionately from 30 million to 90 million shares.
Total authorized shares now 95 million, including 5 million preferred stock.
Split-adjusted trading to commence on NASDAQ at market open on April 6, 2026.
Amendment adopted by Board of Directors; no stockholder vote required under DGCL Section 242(d)(1).