secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K/A
Filed at:   2022-06-29T23:59:59+00:00
Accession:  0001193125-22-185050
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522185050/0001193125-22-185050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522185050/d354725d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-185050

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