secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001193125-25-168135
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Director Kenneth W. Landini resigns effective July 23 citing board governance concerns; board disagrees
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- Landini resigned July 23; board had declined to renominate him for re-election at the 2025 annual meeting.
- Landini alleges he was not renominated due to insisting on fiduciary duties; board showed lack of concern on listing obligations and management compensation.
- Board reviewed letter and disagrees with allegations; Landini given opportunity to review this disclosure.
- At July 24 annual meeting, stockholders elected 7 directors, ratified BDO as auditor, approved executive compensation, and extended 2012 incentive plan to May 2028.
- Plan amendment extends expiration from May 2026 to May 2028; approved by board and stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312525168135/0001193125-25-168135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312525168135/d830335d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-168135

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