CEO employment extended to Dec 2024; CFO gets new agreement with 375K RSUs

PIONEER POWER SOLUTIONS, INC.

CEO Nathan Mazurek's term extended to Dec 31, 2024; base salary: $535.5K (2022), $562.5K (2023), $590.5K (2024).
CFO Walter Michalec enters 3-year employment agreement through Dec 2024; base salary: $200K (2022), $220K (2023), $240K (2024).
CFO receives 375,000 RSUs vesting in three equal tranches on May 1 of 2022, 2023, 2024 under 2021 LTIP.
CFO eligible for discretionary bonuses and additional cash compensation for board committee meetings.

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