Power Solutions International appoints Dino Xykis as permanent CEO and CTO

POWER SOLUTIONS INTERNATIONAL, INC.

Appointment effective April 24, 2023; Xykis had served as interim CEO since June 2022.
Employment agreement: base salary $525,000, annual bonus target 70% of base, LTI target 60% of base.
Award of 85,000 stock appreciation rights (SARs) subject to Compensation Committee approval, vesting over 3 years.
Severance: if terminated without cause, 12 months salary continuation and health benefits, plus prorated bonus.
Xykis retains CTO role; over 30 years experience including at Cummins and Generac.

item 5.02 item 9.01

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Appointed

Constantine Xykis

Chief Executive Officer and Chief Technical Officer

PSIX · POWER SOLUTIONS INTERNATIONAL, INC.

Effective: 2023-04-24
Filed: April 25, 2023, 7:59 PM ET

On April 25, 2023, Power Solutions International, Inc. (the “Company” or “PSI) announced that the Board of Directors (the “Board”) of the Company appointed Constantine Xykis as Chief Executive Officer and Chief Technical Officer, effective April 24, 2023 (the “Effective Date”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Constantine Xykis was appointed as Chief Executive Officer and Chief Technical Officer at POWER SOLUTIONS INTERNATIONAL, INC..

Action: appointed
Role: Chief Executive Officer and Chief Technical Officer

Exact text from the filing

On April 25, 2023, Power Solutions International, Inc. (the “Company” or “PSI) announced that the Board of Directors (the “Board”) of the Company appointed Constantine Xykis as Chief Executive Officer and Chief Technical Officer, effective April 24, 2023 (the “Effective Date”).

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Source: SEC EDGAR

accession 0001193125-23-115481

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