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<SEC-DOCUMENT>0000950134-09-009426.txt : 20090728
<SEC-HEADER>0000950134-09-009426.hdr.sgml : 20090728
<ACCEPTANCE-DATETIME>20090505145318
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950134-09-009426
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20090505

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:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	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>
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<HTML>
<HEAD>
<TITLE>corresp</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="h66673c1h6667301.gif" alt="(POWELL LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">May&nbsp;5, 2009

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>VIA FED EX, AND EDGAR</B></u>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Kevin L. Vaughn<BR>
United States Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
100 F Street, NE<BR>
Washington, D.C. 20549

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Re:</b>&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Powell Industries, Inc.</B><BR><B>
Form&nbsp;10-K for the fiscal year ended September&nbsp;30, 2008</B><BR><B>
File No.&nbsp;1-12488</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Mr.&nbsp;Vaughn:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In response to your letter dated April&nbsp;23, 2009, we have prepared the following responses to your
comments based on your consideration of the Company&#146;s Annual Report on Form 10-K for the fiscal
year ended September&nbsp;30, 2008 and Definitive Proxy Statement on Schedule&nbsp;14A filed on January&nbsp;15,
2009 (the &#147;2009 Proxy&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For your convenience, we have set forth the original comments from your letter in bold typeface and
appearing below them are our responses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Comments and Responses:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Form&nbsp;10-K for the fiscal year ended September&nbsp;30, 2008</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Item&nbsp;7. Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations,
page 15</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Results of Operations, page 16</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>1.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We note your response to prior comment 1. It appears that you may be seeking confidential
treatment in accordance with Rule&nbsp;83 of the Freedom of Information Act. Please submit your
request for confidential treatment in accordance with the provisions of Rule&nbsp;83. The letter
must include a written request for confidential treatment and should be filed on EDGAR with
confidential information redacted, as appropriate. You must also send a copy of the letter to
the Commission&#146;s Freedom of Information Act Office. Refer to Rule&nbsp;83 for additional
requirements.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the extent we intend to seek confidential treatment relating to our response to prior comment 1,
we will utilize the procedures under Rule&nbsp;83 of the Freedom of Information Act, as applicable.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Powell Industries, Inc. </B><B>&#149;</b> PO Box 12818, Houston, Texas 77217 <B>&#149;</b> 713.944.6900 <B>&#149;</b> www.powellind.com
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Kevin L. Vaughn<BR>
May&nbsp;5, 2009<BR>
Page 2

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Schedule&nbsp;14A Proxy Statement filed January&nbsp;15, 2009</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Executive Compensation, page 13</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B>2.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>We have reviewed you response to comments 4 and 5 of our letter dated March&nbsp;17, 2009 and we
reissue the comments. We believe that investors will benefit from a refocusing of your
Compensation Discussion and Analysis section. Please provide significantly expanded analysis
of the levels of compensation paid to each of your named executive officers. Throughout your
Compensation Discussion and Analysis, and as to each compensation element, please provide an
analysis of how you arrived at and why you paid each particular form and level of compensation
for 2008. Even though you advise us that the Compensation Committee has overriding discretion
with respect to compensation awards, </B><B>Item 402(b)</B><B> of Regulation&nbsp;S-K contemplates that you
provide an analytical discussion of the factors the Compensation Committee considered in
exercising its authority in the event that any predetermined corporate financial goals and
other factors are not met. We would expect to see a complete qualitative and quantitative
description of the specific levels of achievement of each named executive officer relative to
corporate performance as well as any additional information pertaining to each individual&#146;s
performance that the Compensation Committee considered in determining specific payout levels
for 2008.</B></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We will comply with the disclosure requested in your comment 2 and in future filings, we will
provide expanded analysis of the levels of compensation paid to each of our named executive
officers, and expanded disclosure as to how the Compensation Committee arrived at and why it paid
each particular form and level of compensation. In addition, in future filings we will provide
complete qualitative and quantitative descriptions of the specific levels of achievement of each
named executive officer relative to corporate performance and any additional information pertaining
to each individual&#146;s performance that the Compensation Committee considered in determining specific
payout levels.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">* * * * * * * *
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As requested in your original February&nbsp;19, 2009 letter, the Company acknowledges that:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company is responsible for the adequacy and accuracy of the disclosure in the
filing;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>staff comments or changes to disclosure in response to staff comments do not
foreclose the Commission from taking any action with respect to the filing; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company may not assert staff comments as a defense in any proceeding initiated
by the Commission or any person under the federal securities laws of the United States.</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Kevin L. Vaughn<BR>
May&nbsp;5, 2009<BR>
Page 3

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Should you have any additional questions, please contact me by phone at (713)&nbsp;948-4915, fax at
(713)&nbsp;947-4435 or e-mail at don.madison@powellind.com. We will be pleased to provide any
additional information that may be necessary.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Sincerely yours,<BR>
<BR>
POWELL INDUSTRIES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">//s// Don R. Madison
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Don R. Madison&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Executive Vice President<BR>
Chief Financial and Administrative Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">DRM:es

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">Copies to:&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Eric Atallah, SEC, Division of Corporation Finance<BR>
Ruairi Regan, Staff Attorney, SEC<BR>
Jay Ingram, Special Counsel, SEC<BR>
Patrick L. McDonald, President and Chief Executive Officer<BR>
Milburn E. Honeycutt., Vice President and Controller<BR>
David R. Crabtree, PricewaterhouseCoopers, LLP<BR>
Ross Margraves, Winstead PC</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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