PSI announces Sidong Shao resigns from Board, appointed EVP; Gengsheng Zhang joins Board

POWER SOLUTIONS INTERNATIONAL, INC.

Sidong Shao resigned from the Board (Sept 16, 2022) and was appointed as EVP of Product Management, Purchasing and Supply Chain.
Shao's employment agreement provides $260k base salary, 50% target KPI bonus, LTI eligibility; severance of 6-12 months' base if terminated without cause.
Gengsheng Zhang appointed to Board as Weichai designee, effective Sept 16, 2022; will serve until 2023 annual meeting.
Shao's resignation not based on any disagreement with the company on operations, policies, or practices.

item 5.02 item 9.01

Executive movements

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Appointed

Gengsheng Zhang

Director

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2022-09-16
Filed: September 22, 2022, 7:59 PM ET

The Board of Directors of Power Solutions International, Inc. appointed Mr. Gengsheng Zhang as a member of the Board effective as of September 16, 2022.

Role change

Sidong Shao

Executive Vice President

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2022-09-16
Successor: Gengsheng Zhang
Filed: September 22, 2022, 7:59 PM ET

Mr. Shao was appointed as the Company’s Executive Vice President (“EVP”), effective September 16, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gengsheng Zhang was appointed as Director at POWER SOLUTIONS INTERNATIONAL, INC..

Action: appointed
Role: Director

Exact text from the filing

The Board of Directors of Power Solutions International, Inc. appointed Mr. Gengsheng Zhang as a member of the Board effective as of September 16, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sidong Shao was appointed as Executive Vice President at POWER SOLUTIONS INTERNATIONAL, INC..

Action: appointed
Role: Executive Vice President

Exact text from the filing

Mr. Shao was appointed as the Company’s Executive Vice President (“EVP”), effective September 16, 2022.

View on SEC.gov

POWER SOLUTIONS INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-249170

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