secwatch.observer — SEC 8-K summary
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Issuer:     PIONEER POWER SOLUTIONS, INC. (PPSI)
CIK:        0001449792
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001387131-22-005569
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1449792/000138713122005569/0001387131-22-005569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1449792/000138713122005569/ppsi-8k_042522.htm
  HTML page:      https://secwatch.observer/filing/0001387131-22-005569

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