Co-founder and EVP Ken Winemaster to retire from PSI effective Dec 31, 2021

POWER SOLUTIONS INTERNATIONAL, INC.

Ken Winemaster, Executive VP and co-founder, retires after 36 years; operational duties assumed internally.
Receives $337,000 severance in 12 monthly installments of $28,083.33 from Jan to Dec 2022.
Also receives $16,737 salary reduction payback (no later than July 1, 2022) and $32,500 LTI payment on Jan 1, 2023.
COBRA health premium coverage for 13 months; confidentiality, non-compete, and non-solicitation provisions remain in effect.
Mutual non-disparagement and transition cooperation at $250 per hour; retirement agreement filed as Exhibit 10.1.

item 5.02 item 7.01 item 9.01

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Departed

Kenneth Winemaster

Executive Vice President

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2021-12-31
Filed: December 17, 2021, 6:59 PM ET

On December 14, 2021, Power Solutions International, Inc. (the "Company" or "PSI") entered into a retirement agreement with Executive Vice President and co-founder Kenneth Winemaster, who will retire and resign from his position on December 31, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Winemaster retired as Executive Vice President at POWER SOLUTIONS INTERNATIONAL, INC..

Action: retired
Role: Executive Vice President

Exact text from the filing

On December 14, 2021, Power Solutions International, Inc. (the "Company" or "PSI") entered into a retirement agreement with Executive Vice President and co-founder Kenneth Winemaster, who will retire and resign from his position on December 31, 2021.

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POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-21-360035

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