secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2022-08-29T23:59:59+00:00
Accession:  0001193125-22-231912
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions International appoints Kenneth Li as CFO effective Aug 29, 2022
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- Kenneth Li appointed CFO; succeeds Matthew Thomas who will return to corporate controller.
- Li previously CFO at ND Paper; earlier finance roles at Caterpillar and Ford.
- Employment terms: base salary $360k, sign-on bonus $20k, KPI target 50% of salary, LTI target 60%, SARs award of 30,000 shares.
- Severance: 6 months if terminated without cause within 48 months, 12 months after.
- Non-compete and non-solicitation covenants for one year post-employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522231912/0001193125-22-231912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522231912/d360608d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-231912

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