Power Solutions International appoints Richard Hu as CEO, effective August 17, 2026

POWER SOLUTIONS INTERNATIONAL, INC.

Nan (Richard) Hu appointed CEO effective Aug 17, 2026; succeeds interim CEO Xun (Kenneth) Li who remains CFO.
Hu brings 25+ years global leadership; most recently VP & GM Americas at BorgWarner's Turbo & Thermal Technology unit.
Employment terms: $658K base salary, 70% target bonus, $540.5K sign-on cash, $1.13M phantom stock grant.
Board approved $10K/month cash compensation for Li for interim CEO service from May 12, 2026 to start date.
Annual meeting: all 7 director nominees elected, BDO ratified as auditor, say-on-pay approved, frequency set to 1 year.

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