Welcome to our dedicated page for Powerfleet SEC filings (Ticker: AIOT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Powerfleet, Inc. filings document financial results, Regulation FD presentations and material events for an AIoT SaaS provider focused on mobile asset management. Its 8-K reports furnish quarterly earnings releases, conference-call slides and investor presentations, along with forward-looking risk language tied to performance expectations, integration activity and debt obligations.
Other filings cover governance and capital-structure matters, including annual meeting voting results, director changes, board leadership, auditor ratification, executive-compensation votes and amendments to term loan facilities with FirstRand Bank Limited through Rand Merchant Bank. These disclosures record the company's operating updates, financing covenants, shareholder voting matters and public-company governance.
Powerfleet, Inc. will hold a virtual-only 2026 annual stockholders meeting on September 16, 2026 at 10:00 a.m. Eastern. Holders of 134,225,918 shares of common stock outstanding as of July 24, 2026 may vote on electing four directors, ratifying Deloitte & Touche as auditor, an advisory say-on-pay vote, and an amendment to the 2018 Incentive Plan adding 8,400,000 shares, extending the plan to 2036 and revising minimum vesting provisions.
The board has four members, three of whom are independent, with separate Chair and CEO roles and fully independent audit, compensation and nominating committees. Directors receive a mix of cash retainers and equity, and committee chairs and the board chair receive additional cash stipends.
Executive pay combines salary, an annual cash bonus and a performance-oriented 2026 long-term incentive program in which two-thirds of awards are PSUs tied to organic revenue growth, adjusted EBITDA per share growth and relative total shareholder return over 2025–2028. For fiscal 2026, adjusted EBITDA was $89.5 million versus a $91.5 million target, revenue was $443.8 million versus a $432.4 million target and liquidity was $41.9 million. Despite formula outcomes, the compensation committee exercised discretion to pay only 20% of target bonuses, while highlighting more than $18 million of annual cost synergies and $34 million cumulatively over two years.
Powerfleet, Inc. director Michael J Casey filed an initial statement of beneficial ownership. The filing reports his direct holding of 186,003 shares of common stock, par value $0.01 per share. The remarks note an attached Exhibit 24 titled Power of Attorney.
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. is a global provider of Artificial Intelligence-of-Things (AIoT) solutions that connect high-value assets across warehouses, yards and on-road fleets through its Unity SaaS platform. The company focuses on data-driven visibility, safety, regulatory compliance, and operational efficiency for over 50,000 enterprise and mid-market customers worldwide.
Recent growth has been driven by the acquisitions of MiX Telematics and Fleet Complete, expanding its international presence and product portfolio, alongside continued investment in AI, analytics and cloud-based services. Powerfleet reports significant recurring losses, a substantial accumulated deficit and increased indebtedness, and highlights meaningful risks around acquisition integration, rapid technology change, cybersecurity, AI regulation, macroeconomic uncertainty and global supply-chain dependency.
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.
McConnell Michael J reported acquisition or exercise transactions in this Form 4 filing.
Powerfleet, Inc. director Michael J. McConnell received an equity grant in the form of restricted stock units. He was awarded 24,396 RSUs on the grant date in consideration for his services as a director, with no cash paid per share. Each RSU represents a contingent right to receive one share of common stock when it vests. The RSUs vest in full on the earlier of the first anniversary of the grant date or the company’s next annual meeting of stockholders, as long as he continues serving as a director. Following this award, McConnell holds 52,424 shares of common stock directly.
JACOBS IAN reported acquisition or exercise transactions in this Form 4 filing.
Powerfleet, Inc. director Ian Jacobs received a grant of 24,396 restricted stock units (RSUs) on May 18, 2026 under the company’s 2018 Incentive Plan as compensation for his board service. Each RSU represents one common share that vests in full on the earlier of the first anniversary of the grant date or the company’s next annual stockholder meeting, if he remains a director.
After this award, Jacobs directly holds 73,142 common shares. Indirectly, 3,982,432 common shares are held by 786 Partners LP and 402 Fund LP, over which he has voting and investment power, while disclaiming beneficial ownership except for his pecuniary interest. A prior pro rata distribution of 368,918 shares by 402 Fund LP reduced his indirect beneficial ownership, and no shares were sold in connection with that distribution.