Power Solutions International CEO resigns; CTO Xykis named Interim CEO

POWER SOLUTIONS INTERNATIONAL, INC.

CEO Lance Arnett resigned effective May 31, 2022, to pursue other interests.
CTO Dino Xykis appointed Interim CEO effective June 1, 2022, by the Board.
Board is actively searching for a permanent CEO; Xykis to serve as interim.
2022 outlook reaffirmed: sales growth ≥3% and gross margin improvement ≥5pp vs 2021.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

C. (Dino) Xykis

Interim Chief Executive Officer

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2022-06-01
Filed: June 2, 2022, 7:59 PM ET

its current Chief Technical Officer, C. (Dino) Xykis, was appointed by the Company’s Board of Directors to the additional role of Interim Chief Executive Officer, effective June 1, 2022.

Departed

Lance Arnett

Chief Executive Officer

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2022-05-31
Successor: C. (Dino) Xykis
Filed: June 2, 2022, 7:59 PM ET

Mr. Xykis succeeds Lance Arnett, who resigned from the Company to pursue other interests on May 26, 2022 and which became effective May 31, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

C. (Dino) Xykis was appointed as Interim Chief Executive Officer at POWER SOLUTIONS INTERNATIONAL, INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

its current Chief Technical Officer, C. (Dino) Xykis, was appointed by the Company’s Board of Directors to the additional role of Interim Chief Executive Officer, effective June 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lance Arnett resigned as Chief Executive Officer at POWER SOLUTIONS INTERNATIONAL, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Mr. Xykis succeeds Lance Arnett, who resigned from the Company to pursue other interests on May 26, 2022 and which became effective May 31, 2022.

View on SEC.gov

POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-166320

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