secwatch.observer — SEC 8-K summary
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Issuer:     POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)
CIK:        0001137091
Form:       8-K
Filed at:   2026-05-13T20:01:36+00:00
Accession:  0001193125-26-221562
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Constantine Xykis resigns; CFO Kenneth Li appointed interim CEO
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- Constantine Xykis resigned as CEO effective May 12, 2026; he had served since April 2023.
- CFO Kenneth Li appointed interim CEO, retaining CFO role; no additional cash compensation.
- Resignation agreement includes $945,611.91 KPI bonus and $312,462.09 LTI bonus payments, plus treatment of 28,334 SARs.
- Board's Nominating Committee continues search for permanent CEO as disclosed in June 2025 proxy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1137091/000119312526221562/0001193125-26-221562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1137091/000119312526221562/d113596d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-221562

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