Item 5.08 Shareholder Director Nominations.
Annual Meeting of Stockholders
The Board of Directors (the "Board") of Ideal Power, Inc., a Delaware
corporation (the "Company"), has established Tuesday, June 16, 2020 as the date
for the next Annual Meeting of Stockholders of the Company (the "Annual
Meeting"). The Board also established the close of business on April 28, 2020 as
the record date for the determination of stockholders entitled to receive notice
of and to vote at the Annual Meeting and at any adjournments or postponements
thereof. The time and location of the Annual Meeting will be as set forth in the
Company's proxy statement for the Annual Meeting, to be filed prior to the
annual meeting with the Securities and Exchange Commission ("SEC").
Stockholder Proposals and Director Nominations
Because the Annual Meeting will be held more than 30 days from the anniversary
date of the Company's last annual meeting of stockholders, the deadlines for
stockholder proposals and director nominations for consideration at the Annual
Meeting set forth in the Company's definitive proxy statement filed with the SEC
on April 30, 2019 no longer apply. If a stockholder of the Company intends to
propose other business for consideration at the Annual Meeting under any
proposal made pursuant to Rule 14a-8 under the Securities Exchange Act of 1934,
as amended, the deadline for submitting the notice of such stockholder proposal
is the close of business on April 15, 2020, which the Company considers to be a
reasonable time before it files its proxy statement with the SEC. Pursuant to
the Company's Certificate of Incorporation and Bylaws, if a stockholder intends
to submit director nominations or a proposal to be considered for inclusion in
the Company's proxy materials, such proposal or director nomination must be in
proper form and received by the Corporate Secretary of the Company no less than
30 and no more than 60 days prior to the date of the Annual Meeting. Any notice
should be delivered to Ideal Power, Inc., 4120 Freidrich Lane, Suite 100,
Austin, Texas 78744, Attention: Corporate Secretary. Any stockholder proposal or
director nomination not received by these dates will be considered untimely and
will not be included in the Company's proxy materials for the Annual Meeting nor
will it be considered at the Annual Meeting. Any stockholder proposal or
director nomination must also comply with the requirements of Delaware law, the
rules and regulations promulgated by the SEC, and the Company's Certificate of
Incorporation and Bylaws, as applicable.
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IDEAL POWER INC. 
