8-K
filed December 13, 2021, 6:59 PM ET
ticker PSIX
CIK 0001137091
leadership
confidence high
sentiment neutral
materiality 0.50
Power Solutions International appoints two new directors from majority stockholder Weichai; Mozzi named Chairman
POWER SOLUTIONS INTERNATIONAL, INC.
- Fabrizio Mozzi and Lei Lei appointed to board effective Dec 7, 2021, replacing Walter Wu and Xinghao Li (both resigned).
- Mozzi named Chairman of the Board; Shaojun Sun becomes Vice Chairman and Chair of Nominating and Governance Committee.
- Lei appointed Chair of the Compensation Committee.
- Mozzi to receive annual 5,000 RSUs, $75,000 retainer (incl. Chairman fee) plus meeting fees.
- Lei to receive $50,000 annual retainer plus meeting fees; both indemnified under DGCL.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lei Lei was appointed as Chair of the Compensation Committee at POWER SOLUTIONS INTERNATIONAL, INC..
- Action
- appointed
- Role
- Chair of the Compensation Committee
Exact text from the filing
Ms. Lei was appointed to Chair of the Compensation Committee.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Walter Wu resigned as Director at POWER SOLUTIONS INTERNATIONAL, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mr. Walter Wu and Mr. Xinghao Li, both of whom were Weichai America Corp. designees and both of whom resigned from the Board effective December 7, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Xinghao Li resigned as Director at POWER SOLUTIONS INTERNATIONAL, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mr. Walter Wu and Mr. Xinghao Li, both of whom were Weichai America Corp. designees and both of whom resigned from the Board effective December 7, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lei Lei was appointed as Director at POWER SOLUTIONS INTERNATIONAL, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
The Board of Directors (the “Board”) of Power Solutions International, Inc. (the “Company” or “PSI”) appointed Mr. Fabrizio Mozzi and Ms. Lei Lei as members of the Board effective as of December 7, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Fabrizio Mozzi was appointed as Chairman of the Board at POWER SOLUTIONS INTERNATIONAL, INC..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
The Board also appointed Mr. Mozzi to Chairman of the Board and as a member of the Nominating and Governance Committee.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Shaojun Sun was appointed as Vice Chairman of the Board at POWER SOLUTIONS INTERNATIONAL, INC..
- Action
- appointed
- Role
- Vice Chairman of the Board
Exact text from the filing
Mr. Shaojun Sun, previously Chairman of the Board was appointed to Vice Chairman of the Board and was appointed to Chair of the Nominating and Governance Committee.
View on SEC.gov
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