Powerfleet, Inc. SEC Filings

Disciplined Growth Investors, Inc. filed an amended Schedule 13G reporting its beneficial ownership in Powerfleet, Inc. common stock. The firm beneficially owns 6,258,600 shares, representing 4.7% of the outstanding common stock. All of these shares are reported with sole voting power and sole dispositive power, with no shared voting or dispositive authority. The filer notes that its holdings represent the ownership of 5 percent or less of the class. The filing is signed by Peter G. Rieke, Chief Operating & Compliance Officer of Disciplined Growth Investors, Inc.

Lalljie Paul S reported acquisition or exercise transactions in this Form 4 filing.

Powerfleet, Inc. reported equity compensation grants to President and Chief Financial Officer Paul S. Lalljie. On August 11, 2026, he received 225,000 time-based RSUs that vest in three equal annual installments from the grant date, conditioned on continued employment. He was also granted 225,000 target performance-based RSUs (PSUs), with actual shares earned ranging from 0% to 150% of target based on the company’s stock price performance through March 31, 2029 and his continued employment.

Powerfleet, Inc. reported that Paul S. Lalljie, its President and Chief Financial Officer, filed an initial statement of beneficial ownership as an officer. The filing lists his role and references a Power of Attorney authorization but does not report any specific holdings or transactions.

Powerfleet, Inc. reported a senior leadership change, appointing Paul Lalljie as President and Chief Financial Officer effective August 11, 2026, succeeding David Wilson, whose employment as CFO was terminated as of the close of business on August 10, 2026.

Lalljie will receive a base salary of $475,000, an annual bonus opportunity of up to 85% of base salary, and a $100,000 cash sign-on bonus, plus one-time equity awards and severance protection of 1.5x–2x salary and bonus upon certain termination events, along with COBRA and equity-vesting benefits. Wilson’s separation package includes a lump-sum severance of $224,460, a pro-rated bonus payment of $121,731.65, COBRA reimbursement through February 28, 2027, and a consulting agreement paying $37,410 per month for at least 90 days.

Powerfleet, Inc. reported for the three months ended June 30, 2026 that revenue rose 6.4% to $110.8 million, driven by a $7.8 million, 9.1% increase in higher-margin services to $94.3 million, while product revenue declined 6.7% to $16.5 million due in part to firmware-related production delays that deferred some customer orders. Gross margin improved to 55.2%, with services representing 85.1% of total revenue and a 61.1% services margin.

The company still recorded a net loss attributable to common stockholders of $8.4 million (loss per share $0.06), narrower than the prior-year period, but generated $8.4 million of operating cash flow. Cash and cash equivalents were $32.8 million and restricted cash $3.9 million, against total debt with a carrying amount of $278.4 million, including several RMB and Hapoalim term and revolving facilities with financial covenants the company states it was in compliance with. The quarter also reflects continued integration of the MiX Telematics and Fleet Complete acquisitions and the February 2026 RTS Acquisition, which added $1.3 million of revenue and $0.1 million of net income, plus ongoing restructuring to capture synergies.

Powerfleet, Inc. reported first quarter fiscal 2027 results showing moderate top-line growth and stronger profitability metrics while remaining loss-making on a GAAP basis. Revenue was $110.8 million, up 6.4% from $104.1 million a year earlier, driven by 9.1% growth in higher-margin services, which represented about 85% of total revenue. Gross profit rose to $61.2 million and gross margin expanded to 55.2% from 54.2% as mix shifted toward services.

Income from operations improved to a $0.3 million profit from a $2.0 million loss, while GAAP net loss attributable to common stockholders narrowed to $8.4 million (–$0.06 per share) from $10.2 million (–$0.08). Adjusted EBITDA increased 7% to $21.5 million with a 19.4% margin. Operating cash flow nearly doubled to $8.4 million, though free cash flow was still negative at –$0.5 million. Total liquidity stood at $62.7 million against total debt of $278.4 million, with adjusted net debt to trailing 12‑month adjusted EBITDA at 2.5x.

South African revenue was $1.6 million lower due to a strategic reprioritization around the South African National Treasury contract, and a production issue delayed $3.2 million of product revenue that is expected to shift mainly into later quarters. Management now anticipates annualized Q4 2027 revenue of about $495 million and adjusted EBITDA margin of roughly 27%. The company also announced leadership changes, appointing Paul Lalljie as President & CFO and Vishal Vallabha as Chief AI Officer.

Powerfleet, Inc. Chief Executive Officer Steven Mark Towe reported two Form 4 transactions on July 27, 2026, in which a total of 76,272 shares of common stock were withheld by Powerfleet at $4.42 per share to satisfy tax withholding obligations upon vesting of restricted stock awards; no shares were sold in the market.

Powerfleet, Inc. executive Melissa Rose Ingram reported a tax-withholding disposition of 12,018 shares of common stock on July 27, 2026, at $4.42 per share. These shares were withheld by the company to satisfy tax obligations upon vesting of a restricted stock award; she did not sell shares in the market. Following this transaction, she directly holds 505,135 common shares.

Powerfleet, Inc. Chief Financial Officer David Wilson had 13,250 shares of common stock withheld at $4.42 per share on July 27, 2026 to satisfy tax obligations upon the vesting of a restricted stock award. These shares were withheld by the company for taxes, not sold in the market, leaving him with 575,926 shares held directly.