secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K/A
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001193125-22-177629
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSI finalizes interim CEO compensation: $5k/month bonus + SARs
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- Dino Xykis to receive $5,000 per month bonus (semi-monthly) as Interim CEO, minimum $25,000 aggregate.
- Eligible for 3,333 Stock Appreciation Rights (SARs) per month during interim term, subject to stockholder approval.
- Initial SARs award of 20,000, vesting one year from grant date; accelerated vesting if terminated without cause.
- Bonus continues if term ends before $25k paid, or if terminated without cause before reaching minimum.
- Compensation is in addition to his existing CTO salary and 2021 Employment Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522177629/0001193125-22-177629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522177629/d354569d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-177629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer