Every 8-K that PowerFleet, Inc. (AIOT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AIOT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIOT filings page.
Powerfleet, Inc. (AIOT) reported the results of its September 16, 2026 annual meeting of stockholders, where all proposals were approved. Stockholders elected four directors — Michael Casey, Ian Jacobs, Andrew Martin, and Steve Towe — to serve until the 2027 annual meeting.
Stockholders ratified the appointment of Deloitte & Touche as independent registered public accounting firm for the fiscal year ending March 31, 2027. They also approved, on an advisory basis, the Company’s executive compensation and approved an amendment to the Powerfleet, Inc. 2018 Incentive Plan.
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 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. appointed Michael Casey to rejoin its Board of Directors and serve as Chair of the Audit Committee, effective July 15, 2026. He will also serve on the Audit, Compensation and Nominating Committees. On the same date, Michael McConnell resigned as a director and as Audit Committee Chair.
Casey will receive compensation under Powerfleet’s standard non-employee director program and enter into the company’s customary indemnification agreement. The company states there are no related-party transactions or arrangements connected to his election. A press release announcing these governance changes was issued on July 21, 2026, highlighting Casey’s extensive public-company financial and audit leadership experience.
Powerfleet, Inc. announced that its board has authorized a new stock repurchase program allowing the company to buy back up to $30 million of its common stock over the next 24 months. Repurchases may be made in the open market, through privately negotiated transactions or other lawful methods.
The program is discretionary, can be modified, suspended or discontinued at any time, and does not require Powerfleet to repurchase any minimum number of shares. Management frames the initiative as part of a broader capital allocation strategy, with activity dependent on market conditions, legal requirements, lender consents and the company’s financial position.
Powerfleet, Inc. reported strong fourth-quarter and fiscal 2026 results, highlighted by revenue growth, margin expansion, and rising cash generation. Fourth-quarter revenue reached $114.5 million, up 11% year-over-year, with services revenue of $92.9 million growing 14% and driving gross margin up to 56.5%.
For fiscal 2026, revenue increased 22% to $443.8 million, while adjusted EBITDA rose 44% to $97.0 million with a 21.9% margin, and net loss narrowed 60% to $20.6 million, or $(0.15) per share. Operating cash flow improved to $30.5 million, and net debt to trailing 12‑month adjusted EBITDA fell to 2.47x. The company also signed a landmark South African National Treasury contract with an anticipated total value of $100–$120 million. For fiscal 2027, Powerfleet guides to $485–$490 million of revenue, $122–$125 million of adjusted EBITDA, $4–$8 million of net income, and $30–$35 million of free cash flow.
Powerfleet, Inc. reported a leadership change in its technology organization. Effective May 29, 2026, Mike Powell will leave his role as Chief Innovation Officer after notifying the company on May 18, 2026. The company expressed appreciation for his contributions.
Powerfleet plans to discuss an enhanced technology leadership team during its earnings call on June 15, 2026, signaling an upcoming reorganization of responsibilities around product and innovation oversight.
Powerfleet, Inc. reported stronger results for the quarter ended December 31, 2025, with total revenue rising 7% year-over-year to $113.5 million and services revenue up 11% to $91.1 million, now 80% of total revenue. Operating profit reached $6.3 million compared with a $1.2 million loss a year ago, while net loss narrowed to $3.4 million, or $0.03 per share, from $14.3 million, or $0.11 per share. Adjusted EBITDA increased 26% to $25.7 million, expanding margin to 23% from 19%. The company highlighted a major South Africa public sector contract covering fleets with more than 100,000 assets and updated full-year 2026 guidance to revenue of $440–$445 million and approximately 45% adjusted EBITDA growth, while still expecting leverage (adjusted net debt to adjusted EBITDA) to improve from 3.4x to about 2.4x by March 31, 2026.
Powerfleet, Inc. reported that director Michael Brodsky resigned from its board of directors, effective January 30, 2026. The company later announced that Mr. Martin has been appointed as Chairman of the Board, signaling a change in board leadership.
The company disclosed these governance changes in connection with a press release dated February 3, 2026, which is included as an exhibit. The filing focuses solely on board composition and leadership changes, without providing financial results or operational updates.
Powerfleet, Inc. (AIOT) furnished an investor presentation under Regulation FD. On November 14, 2025, the company posted an investor presentation on its website and furnished the same as Exhibit 99.1 to an 8-K.
The materials are furnished, not filed, so they are not subject to Section 18 liability and are not incorporated by reference unless specifically stated. The presentation includes forward-looking statements, including references to the business combination with MiX Telematics and the acquisition of Fleet Complete, and is subject to risks outlined in the company’s SEC reports.
Powerfleet, Inc. (AIOT) furnished an update tied to quarterly results. The company issued a press release for the fiscal quarter ended September 30, 2025, furnished as Exhibit 99.1. It will host a conference call on November 10, 2025 at 8:30 a.m. Eastern time, accompanied by a slide presentation furnished as Exhibit 99.2.
The information was provided under Items 2.02 and 7.01 and is furnished, not filed, under applicable SEC rules. The filing includes a customary caution regarding forward‑looking statements, including references to anticipated financial impacts related to the business combination with MiX Telematics and the acquisition of Fleet Complete.
Powerfleet, Inc. amended and restated its credit agreement with FirstRand Bank (RMB), extending the Term A loan’s final maturity by 12 months to March 31, 2028 and updating interest terms and covenants.
The RMB Term Facilities total $85 million, split between two $42.5 million term loans. Term A will carry a fixed rate set at each utilization until March 31, 2027, then switch to a variable rate equal to SOFR plus 4.85% (if no event of default) thereafter. Term B continues at fixed rates set via rate-fixing letters. Financial covenants now step down: consolidated net borrowings to EBITDA must be below 4.25 at March 31 and June 30, 2025; 4.00 at September 30, 2025; 3.50 at December 31, 2025; 3.00 at March 31, 2026; 2.75 from June 30, 2026 through March 30, 2027; and 2.50 thereafter. EBITDA to finance costs must exceed 3.00 from September 30, 2025 through September 29, 2026, and 3.50 thereafter.
Powerfleet, Inc. reported the results of its 2025 annual meeting of stockholders held on September 16, 2025. Stockholders representing 100,645,534 of the 133,443,292 common shares entitled to vote were present in person or by proxy.
All five director nominees — Michael Brodsky, Ian Jacobs, Andrew Martin, Michael McConnell and Steve Towe — were elected to serve until the 2026 annual meeting and until their successors are duly elected and qualified. Support levels for individual nominees varied, with Steve Towe receiving 81,469,312 votes for and 454,491 withheld, and Andrew Martin receiving 76,734,938 votes for and 5,188,865 withheld.
Stockholders also approved the ratification of Deloitte & Touche as the independent registered public accounting firm for the fiscal year ending March 31, 2026, with 100,448,571 votes for, 149,371 against and 47,592 abstentions. In addition, the advisory, non-binding vote on executive compensation was approved, with 55,080,716 votes for, 19,916,978 against, 6,926,109 abstentions and 18,721,731 broker non-votes.