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     Latest News: Powerfleet Inc. POWER [PWR]
     Fri, 6 Jun 2025 Official Announcement [TB] 
    Power - severance arrangements current report
    Powerfleet stockholders were advised that a Form 8-K (the "Form 8-K") has been filed with the U.S. Securities and Exchange Commission.

    On May 31, 2025, Powerfleet entered into a second amendment to the severance agreement (the "Severance Agreement Amendment") with Steve Towe, the Company's Chief Executive Officer, to provide that the bonus payable to Mr. Towe under his severance agreement in the event any severance benefits are triggered shall be calculated at the rate of two times the amount of any bonus that would have otherwise been paid to Mr. Towe for the fiscal year during which Mr. Towe is terminated.
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