leadership
confidence high
sentiment neutral
materiality 0.30
Power Solutions finalizes Interim CFO compensation: $8,333/month bonus plus 2,000 SARs
POWER SOLUTIONS INTERNATIONAL, INC.
- Lump sum bonus of $8,333 per month from April 3, 2022 until successor CFO appointed.
- Eligible for 2,000 Stock Appreciation Rights (SARs) vesting one year after Term end, subject to approval.
- Matthew Thomas continues as Controller; Interim CFO role is at-will.
- Agreement dated June 9, 2022, filed as amendment to March 30 initial 8-K.