secwatch.observer — SEC 8-K summary
======================================

Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0001193125-22-249170
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522249170/0001193125-22-249170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312522249170/d392177d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-249170

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