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<SEC-DOCUMENT>0000080420-05-000009.txt : 20050121
<SEC-HEADER>0000080420-05-000009.hdr.sgml : 20050121
<ACCEPTANCE-DATETIME>20050121162358
ACCESSION NUMBER:		0000080420-05-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20041031
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050121
DATE AS OF CHANGE:		20050121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			POWELL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000080420
		STANDARD INDUSTRIAL CLASSIFICATION:	SWITCHGEAR & SWITCHBOARD APPARATUS [3613]
		IRS NUMBER:				880106100
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12488
		FILM NUMBER:		05541861

	BUSINESS ADDRESS:	
		STREET 1:		8550 MOSLEY DR
		STREET 2:		POST OFFICE BOX 12818
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77075
		BUSINESS PHONE:		7139446900

	MAIL ADDRESS:	
		STREET 1:		8550 MOSLEY DRIVE P O BOX 12818
		STREET 2:		8550 MOSLEY DRIVE P O BOX 12818
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77075

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PROCESS SYSTEMS INC
		DATE OF NAME CHANGE:	19780926
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form0105_8k.htm
<DESCRIPTION>JANUARY 2005 8-K
<TEXT>


<HTML>
<HEAD>
<TITLE>January 20, 2005 - 8K</TITLE>
</HEAD>
<BODY>
<PAGE>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><b>UNITED STATES <BR>SECURITIES AND
EXCHANGE COMMISSION <BR>WASHINGTON, DC 20549 <BR><BR><BR></b></FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5><b>FORM 8-K <BR><BR></b></FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) <BR>OF THE SECURITIES
EXCHANGE ACT OF 1934 <BR><BR><BR><BR></b></FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center Bold-TNR" FSL="Project" -->
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>DATE OF REPORT:
January 20, 2005</b><BR><I>(Date of earliest event
reported) <BR><BR><BR></I></FONT></p>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5><b>POWELL INDUSTRIES, INC.</b> </font><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>(Exact Name of
Registrant as Specified in Its Charter) </I><BR></FONT></p>




<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="center" WIDTH="33%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>Delaware</b>            <BR>
<i>(State or other jurisdiction of<BR>
incorporation or organization)</i><BR>
<BR>
<b>8550 Mosley Drive       <BR>
Houston, Texas</b><BR>
<i>(Address of Principal <BR>Executive Offices)</i>
</FONT></TD>
     <TD ALIGN="center" WIDTH="34%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>001-12488</b>         <BR>
<i>(Commission File Number)</i>
</FONT></TD>
     <TD ALIGN="center" WIDTH="33%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><b>88-0106100</b><BR>
<i>(I.R.S. Employer <BR>Identification
Number)</i><BR>
<BR>
<b>77075-1180</b><BR>
<BR>
<i>(Zip Code)</i>
</FONT></TD></TR>
</TABLE>





<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>(713) 944-6900</b><BR><BR> </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Center Italic-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>(Registrant&#146;s
Telephone Number, Including Area Code) </I></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>N/A</b> <BR><I>(Former Name or
Former Address, if Changed Since Last Report) </I></FONT></p>

<!-- MARKER FORMAT-SHEET="Page Rule Double" FSL="Default" -->
<HR ALIGN=LEFT WIDTH=100% SIZE=3 NOSHADE>



<PAGE>


<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item&nbsp;7.01 &#150;
Regulation FD Disclosure </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On January 20, 2005, the Company
issued a press release to announce the delay of filing its Annual Report on Form 10-K for
the year ended October 31, 2004. The press release announcing the delay is attached hereto
as Exhibit 99.1. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 9.01 &#150; Financial
Statements and Exhibits </b></FONT></P>


<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Project" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) Exhibits:</FONT></P>




<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Exhibit<BR><u>&nbsp;&nbsp;&nbsp;&nbsp;Number&nbsp;&nbsp;&nbsp;&nbsp;</u></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><u>Description</u></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="20%" align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> 99.1 </FONT></TD>
     <TD WIDTH="80%" align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Press Release dated January 20, 2005</FONT></TD></TR>
</TABLE>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized. </FONT></P>

<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>
<BR>
<BR>
Date:  January 21, 2005
</FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">POWELL INDUSTRIES, INC.<BR>
<BR>
<BR>
By: <u>/s/ DON R. MADISON&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>                             <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Don R. Madison<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Accounting and Financial Officer)
</FONT></TD></TR>
</TABLE>



</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>form0105_pr.htm
<DESCRIPTION>JANUARY 2005 PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>2004 Delayed Filing Press Release</TITLE>
</HEAD>
<BODY>



<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT 99.1 </FONT></P>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" width="100%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD width="70%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><IMG SRC="powellsmall-logo.jpg"></FONT></TD>
     <TD width="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><b><i>PRESS RELEASE</i></b></FONT></TD></TR>
</TABLE>


  <BR>
<TABLE CELLPADDING="0" CELLSPACING="0" border="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH colspan=2><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="55%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B> <BR><BR><BR>FOR IMMEDIATE RELEASE</B>  </FONT></TD>
     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> Contacts:   </FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Don R. Madison, CFO<BR>
Powell Industries, Inc.<BR>
713-947-4422<BR>
<BR>
Ken Dennard  / ksdennard@drg-e.com<BR>
Karen Roan / kcroan@drg-e.com<BR>
DRG&amp;E  / 713-529-6600
</FONT></TD></TR>
</TABLE><BR><BR>



<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><b>   POWELL INDUSTRIES DELAYS FILING OF
 <BR>

FISCAL 2004 ANNUAL REPORT ON FORM 10-K</b></FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>HOUSTON &#151; JANUARY 20, 2005
&#151; Powell Industries, Inc. (NASDAQ: POWL), a leading manufacturer of equipment and
systems for the management and control of electrical energy and other critical processes,
today announced that it has requested a 15 day extension to January&nbsp;29, 2005 with
respect to the filing of its Annual Report on Form&nbsp;10-K with the Securities and
Exchange Commission. </FONT></P>


<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Preliminary
unaudited results for the 2004 fiscal year were announced on December 15, 2004. In
completing its year end audit, the company discovered that its recording of two leases
overstated expenses in fiscal 2004 as reported in our December 15, 2004 announcement.
Correction of the overstatement will increase net income in fiscal 2004 by approximately
$240,000. As a result, the Company expects to report net income of $1,669,000 on its Form
10-K for fiscal 2004 compared to $1,429,000 as previously announced.
</FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Powell
Industries, Inc., headquartered in Houston, TX, designs, manufactures and services
equipment and systems for the management and control of electrical energy and other
critical processes. Powell provides products and services to the transportation,
environmental, industrial and utility industries. For more information, please visit
<U>www.powellind.com </u></FONT></P>



<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>Any  forward-looking  statements  in the preceding  paragraphs of this release are made pursuant to the safe harbor  provisions of the
Private  Securities  Litigation Reform Act of 1995.  Investors are cautioned that such  forward-looking  statements  involve risks and
uncertainty in that actual results may differ  materially from those  projected in the  forward-looking  statements.  In the course of
operations,  we are subject to certain risk factors,  including but not limited to competition and competitive pressures,  sensitivity
to general economic and industrial  conditions,  international  political and economic risks,  availability and price of raw materials
and execution of business strategy.  For further  information,  please refer to the Company's filings with the Securities and Exchange
Commission, copies of which are available from the Company without charge.
</I>
 </FONT></P><BR>



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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
