secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001193125-24-055900
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Solutions International appoints Randall Lehner as General Counsel effective March 4, 2024
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- Randall D. Lehner appointed General Counsel; previously associate general counsel at Guaranteed Rate, LLC.
- Employment agreement includes $350,000 base salary, KPI target at 50% and LTI target at 60% of base.
- Receives $800/month vehicle allowance; at-will employment with severance terms based on tenure.
- Non-compete and non-solicit restrictions for one year post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312524055900/0001193125-24-055900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312524055900/d797136d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-055900

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