secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001193125-21-360035
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312521360035/0001193125-21-360035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312521360035/d258106d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-360035

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