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

Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001193125-23-115481
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions International appoints Dino Xykis as permanent CEO and CTO
--------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523115481/0001193125-23-115481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312523115481/d494148d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-115481

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