---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-185050"
form_type: "8-K/A"
ticker: "PSIX"
cik: "0001137091"
company_name: "POWER SOLUTIONS INTERNATIONAL, INC."
filed_at: "2022-06-29T23:59:59+00:00"
generated_at: "2026-06-24T22:16:55.317366+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Power Solutions International finalizes separation agreement with ex-CEO Lance Arnett; $425K cash severance

## Summary
- Cash severance of $425,000 paid in 12 monthly installments of $35,416.67 starting June 30, 2022.
- Additional LTI payment of $17,708.33 and pro-rata KPI bonus; COBRA premiums paid for 12 months.
- Arnett to assist transition at $250/hour for 12 months; non-compete and non-disparagement remain in effect.
- Vested SARs (16,666+16,666+20,000) exercisable for 30 days; unvested SARs forfeited.
- Mutual release and confidentiality provisions included; indemnification agreement remains in force.

## SEC filing metadata
- accession: 0001193125-22-185050
- form_type: 8-K/A
- ticker: PSIX
- cik: 0001137091
- company_name: POWER SOLUTIONS INTERNATIONAL, INC.
- filed_at: 2022-06-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1137091/000119312522185050/0001193125-22-185050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1137091/000119312522185050/d354725d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-185050
- JSON: https://secwatch.observer/filing/0001193125-22-185050.json
- Plain text: https://secwatch.observer/filing/0001193125-22-185050.txt

## Key facts
- Executive change
  Lance Arnett resigned as Chief Executive Officer at POWER SOLUTIONS INTERNATIONAL, INC..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Pursuant to the Separation Agreement and of the resignation of Mr. Arnett, he is entitled to receive (a) cash severance payments of $425,000, payable in twelve monthly installments of $35,416.67 payable on the last day of each month beginning on June 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1137091/000119312522185050/0001193125-22-185050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.