Filing Details

Accession Number:
0001193125-24-035456
Form Type:
13G Filing
Publication Date:
2024-02-13 19:00:00
Filed By:
Ameriprise Financial Inc
Company:
Powerfleet Inc.
Filing Date:
2024-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Ameriprise Financial, Inc. S.S. or 0 2,387,760 0 2,387,976 2,387,976 6.42%
Columbia Management Investment Advisers 0 2,387,760 0 2,387,760 2,387,760 6.42%
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities and Exchange Act of 1934

 

 

PowerFleet, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

73931J109

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

This Schedule is filed pursuant to Rule 13d-1(b) 

The information required in the remainder of this cover page (except any items to which the form provides a cross-reference) shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 


CUSIP NO. 73931J109

 

 1)   

 Name of Reporting Person

 Ameriprise Financial, Inc.

 

 S.S. or I.R.S. Identification No. of Above Person

 IRS No. 13-3180631

 2)  

 Check the Appropriate Box if a Member of a Group

 

 (a) ☐  (b) ☒*

 

*  This filing describes the reporting persons relationship with other persons, but the reporting person does not affirm the existence of a group.

 3)  

 SEC Use Only

 

 4)  

 Citizenship or Place of Organization

 

 Delaware

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5)   

 Sole Voting Power

 

 0

   6)  

 Shared Voting Power

 

 2,387,760

   7)  

 Sole Dispositive Power

 

 0

   8)  

 Shared Dispositive Power

 

 2,387,976

 9)   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 2,387,976

10)  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11)  

 Percent of Class Represented by Amount In Row (9)

 

 6.42%

12)  

 Type of Reporting Person

 

 HC


CUSIP NO. 73931J109

 

 1)   

 Name of Reporting Person

 Columbia Management Investment Advisers, LLC

 

 S.S. or I.R.S. Identification No. of Above Person

 IRS No. 41-1533211

 2)  

 Check the Appropriate Box if a Member of a Group

 

 (a) ☐  (b) ☒*

 

*  This filing describes the reporting persons relationship with other persons, but the reporting person does not affirm the existence of a group.

 3)  

 SEC Use Only

 

 4)  

 Citizenship or Place of Organization

 

 Minnesota

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5)   

 Sole Voting Power

 

 0

   6)  

 Shared Voting Power

 

 2,387,760

   7)  

 Sole Dispositive Power

 

 0

   8)  

 Shared Dispositive Power

 

 2,387,760

 9)   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 2,387,760

10)  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11)  

 Percent of Class Represented by Amount In Row (9)

 

 6.42%

12)  

 Type of Reporting Person

 

 IA


1(a)    Name of Issuer:    PowerFleet, Inc.
1(b)   

Address of Issuers Principal

Executive Offices:

  

123 Tice Boulevard

Woodcliff Lake, New Jersey 07677

2(a)    Name of Person Filing:   

(a) Ameriprise Financial, Inc. (AFI)

(b) Columbia Management Investment

Advisers, LLC (CMIA)

2(b)    Address of Principal Business Office:   

(a) Ameriprise Financial, Inc.

145 Ameriprise Financial Center

Minneapolis, MN 55474

(b) 290 Congress Street

Boston, MA 02210

2(c)    Citizenship:   

(a) Delaware

(b) Minnesota

2(d)    Title of Class of Securities:    Common Stock
2(e)    Cusip Number:    73931J109

 

3

Information if statement is filed pursuant to Rules 13d-1(b) or 13d-2(b):

(a) Ameriprise Financial, Inc.

A parent holding company in accordance with Rule 13d-1(b)(1)(ii)(G). (Note: See Item 7)

(b) Columbia Management Investment Advisers, LLC

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

 

4

Incorporated by reference to Items (5)-(9) and (11) of the cover page pertaining to each reporting person.

AFI, as the parent company of CMIA, may be deemed to beneficially own the shares reported herein by CMIA. Accordingly, the shares reported herein by AFI include those shares separately reported herein by CMIA.

Each of AFI and CMIA disclaims beneficial ownership of any shares reported on this Schedule.

 

5

Ownership of 5% or Less of a Class: Not Applicable

 

6

Ownership of more than 5% on Behalf of Another Person: Not Applicable

 

7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:


AFI: See Exhibit I

 

8

Identification and Classification of Members of the Group:

Not Applicable

 

9

Notice of Dissolution of Group:

Not Applicable

 

10

Certification:

By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.


Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2024

 

Ameriprise Financial, Inc.
By:  

/s/ Michael G. Clarke

Name:   Michael G. Clarke
Title:   Senior Vice President, North America Head of Operations & Investor Services
Columbia Management Investment Advisers, LLC
By:  

/s/ Michael G. Clarke

Name:   Michael G. Clarke
Title:   Senior Vice President, North America Head of Operations & Investor Services
Contact Information
Dominic Geddes
Global Head of Reporting
Global Operations and Investor Services
Telephone: +442074645779

Exhibit Index

 

Exhibit I    Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company.
Exhibit II    Joint Filing Agreement