<SEC-DOCUMENT>0000950123-11-085224.txt : 20110919
<SEC-HEADER>0000950123-11-085224.hdr.sgml : 20110919
<ACCEPTANCE-DATETIME>20110919165528
ACCESSION NUMBER:		0000950123-11-085224
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110913
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110919
DATE AS OF CHANGE:		20110919

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12488
		FILM NUMBER:		111097744

	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>h84760e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<TITLE>e8vk</TITLE>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, DC 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)<BR>
OF THE SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DATE OF REPORT (Date of earliest event reported): September&nbsp;13, 2011</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>POWELL INDUSTRIES, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
<I>(Exact Name of Registrant as Specified in Its Charter)</I></DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
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<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
<I>(State or other jurisdiction of <BR>
incorporation or organization)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>001-12488</B><BR>
<I>(Commission File Number)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>88-0106100</B><BR>
<I>(I.R.S. Employer<BR>
Identification Number)</I></TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
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<TR></TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>8550 Mosley Drive <BR>
Houston, Texas</B><BR>
<I>(Address of Principal <BR>
Executive Offices)</I>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><BR><B>77075-1180</B><BR>
<I>(Zip Code)</I></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>(713)&nbsp;944-6900</B><BR>

<I>(Registrant&#146;s Telephone Number, Including Area Code)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>N/A</B><BR>

<I>(Former Name or Former Address, if Changed Since Last Report)</I></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:</DIV>

<DIV align="left" style="margin-top: 6pt">
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    <TD></TD>
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<TR>
    <TD valign="top"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17CFR230.425)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
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    <TD></TD>
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<TR>
    <TD valign="top"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17CFR240.14a-12)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD valign="top"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Action (17CFR240.14D-2(b))
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>

<TR>
    <TD valign="top"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17CFR240.13e-4(c))
</TD>
</TR>
</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5.02  &#151; Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On September&nbsp;13, 2011, the board of directors of Powell Industries, Inc. (the &#147;Company&#148;) appointed
Scott E. Rozzell as a director with his appointment to be effective September&nbsp;13, 2011 for the term
expiring at the next annual meeting of stockholders in 2012. Mr.&nbsp;Rozzell has no related-person
relationship with the Company.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Since 2001, Mr.&nbsp;Rozzell has been the Executive Vice President &#038; General Counsel of CenterPoint
Energy. From 1975 to 2001, Mr.&nbsp;Rozzell was a lawyer in the Houston office of Baker Botts LLP where
he chaired the Firm&#146;s Energy Department. Mr.&nbsp;Rozzell received a BA from Southern Methodist
University in 1971 and a JD from the University of Texas School of Law in 1975.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Rozzell will be a member of the Company&#146;s 2012 director class. Upon the effectiveness of his
election on September&nbsp;13, 2011, Mr.&nbsp;Rozzell received an initial grant of restricted stock equal to
1,500 shares (based on the 2,000 shares annual grant pro-rated for the remainder of his year of
service that ends on the next annual grant date). This option grant is pursuant to the Company&#146;s
Non-Employee Director Restricted Stock Plan and will vest over the next two regular annual grant
dates. As a non-employee director, he will also be entitled to the fees payable to all other
non-employee directors, including a quarterly retainer of $3,750 and the fees payable for attending
board meetings and any committee meetings he may attend in the future.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On September&nbsp;13, 2011, the board of directors of the Company appointed Milburn E. Honeycutt, the
Company&#146;s Vice President and Corporate Controller, to the additional role of Principal Accounting
Officer, effective immediately, replacing Don R. Madison in the role of Principal Accounting
Officer. Mr.&nbsp;Madison will continue his roles as Chief Administrative Officer and Chief Financial
Officer of the Company and as Principal Financial Officer of the Company.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Honeycutt has served as Vice President and Corporate Controller of the Company since April&nbsp;15,
2005. From October&nbsp;2003 through April&nbsp;2005, Mr.&nbsp;Honeycutt served as Vice President and Controller
of Synagro Technologies, Inc. Prior to that, Mr.&nbsp;Honeycutt served in several capacities with
Comfort Systems USA, Inc., including Senior Vice President of Finance, Operations, and Corporate
Controller.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There are no family relationships between Mr.&nbsp;Honeycutt and any director or executive officer of
the Company.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A copy of the press release announcing Mr.&nbsp;Rozzell&#146;s election to the board of directors and Mr.
Honeycutt&#146;s appointment as Principal Accounting Officer is furnished herewith as Exhibit&nbsp;99.1.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01  &#151; Financial Statements and Exhibits</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><I>(d) &#151; Exhibits</I>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>99.1</B></TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px"><B>Press Release dated September&nbsp;19, 2011</B></DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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

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




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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.</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">POWELL INDUSTRIES, INC.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>

    <TD colspan="3" align="left">
<BR>

Date: September&nbsp;19, 2011<BR>
&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" nowrap>Executive Vice President<BR>
Chief Financial and Administrative Officer<BR>
(Principal Financial Officer)&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>



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<DOCUMENT>
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<SEQUENCE>2
<FILENAME>h84760exv99w1.htm
<DESCRIPTION>EX-99.1
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<DIV align="right" style="font-size: 10pt; margin-top: 6pt"><B>Exhibit 99.1</b></div>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="h84760h8476000.gif" alt="(POWELL LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom"><B><I>P</I></B><FONT style="FONT-variant: SMALL-CAPS"><B><I>ress</I></B></FONT> <FONT style="FONT-variant: SMALL-CAPS"><B><I>Release</I></B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Contacts:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Don R. Madison, CFO</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Powell Industries, Inc.</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;713-947-4422</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px"><B>FOR IMMEDIATE RELEASE</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Ken Dennard / ksdennard@drg-l.com</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Karen Roan / kcroan@drg-l.com</TD>
</TR>
<TR valign="bottom">
    <TD valign="bottom"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">DRG&#038;L / 713-529-6600</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>POWELL INDUSTRIES ANNOUNCES NEW APPOINTMENTS</B><BR>

<B><I>Appointment of Director<BR>

Appointment of Principal Accounting Officer</I></B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">HOUSTON, TX &#151; SEPTEMBER 19, 2011 &#151; Powell Industries, Inc. (the &#147;Company&#148;) (NASDAQ: POWL), a
leading manufacturer of equipment and systems for the management and control of electrical energy
and other critical processes, announced that on September&nbsp;13, 2011 the Company&#146;s Board of Directors
(the &#147;Board&#148;) appointed Scott E. Rozell as a Director, with his appointment effective as of
September&nbsp;13, 2011, for the term expiring at the next annual meeting of stockholders in 2012.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since 2001, Mr.&nbsp;Rozzell has been the Executive Vice President &#038; General Counsel of CenterPoint
Energy. From 1975 to 2001, Mr.&nbsp;Rozzell was a lawyer in the Houston office of Baker Botts LLP,
where he chaired the firm&#146;s energy department. Mr.&nbsp;Rozzell received a BA from Southern Methodist
University in 1971 and a JD from the University Of Texas School Of Law in 1975.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Rozzell will be a member of the Company&#146;s 2012 director class. Upon the effectiveness of
his election on September&nbsp;13, 2011, Mr.&nbsp;Rozzell received an initial grant of restricted stock equal
to 1,500 shares (based on the 2,000 shares annual grant pro-rated for the remainder of his year of
service that ends on the next annual grant date). This option grant is pursuant to the Company&#146;s
Non-Employee Director Restricted Stock Plan and will vest over the next two regular annual grant
dates. As a non-employee director, he will also be entitled to the fees payable to all other
non-employee directors, including a quarterly retainer of $3,750 and the fees payable for attending
board meetings and any committee meetings he may attend in the future.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;13, 2011, the Board appointed Milburn E. Honeycutt, the Company&#146;s Vice President
and Corporate Controller, to the additional role of Principal Accounting Officer,
</DIV>

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

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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">effective
immediately, replacing Don R. Madison in the role of Principal Accounting Officer. Mr.&nbsp;Madison
will continue his roles as Chief Administrative Officer and Chief Financial Officer of the Company
and as Principal Financial Officer of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Honeycutt has served as Vice President and Corporate Controller of the Company since April
15, 2005. From October&nbsp;2003 through April&nbsp;2005, Mr.&nbsp;Honeycutt served as Vice President and
Controller of Synagro Technologies, Inc. Prior to that, Mr.&nbsp;Honeycutt served in several capacities
with Comfort Systems USA, Inc., including Senior Vice President of Finance, Operations, and
Corporate Controller.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Powell Industries, Inc., headquartered in Houston, designs, manufactures and packages systems and
equipment for the control, distribution and management of electrical energy and other dynamic
processes. Powell provides products and services to large industrial customers such as utilities,
oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining
operations, commuter railways and other vehicular transportation facilities. For more
information, please visit <U>www.powellind.com</U>.</DIV>


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



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
