Short answer
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) filed an 8-K current report with the SEC on March 11, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). PSIX adopted 2026 Phantom Unit Plan on Mar 6, 2026: cash-settled awards tied to 30-day avg stock price, no equity dilution to existing shareholders.
POWER SOLUTIONS INTERNATIONAL, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- PSIX adopted 2026 Phantom Unit Plan on Mar 6, 2026: cash-settled awards tied to 30-day avg stock price, no equity dilution to existing shareholders
- Vesting: 3 equal annual installments starting on grant commencement date; full acceleration on death/disability or change-in-control without assumption
- Double-trigger CIC protection included: acceleration also applies to involuntary termination or resignation for good reason within 24 months post-CIC
- Cash obligation to Company grows/shrinks with stock price moves: meaningful liability if stock appreciates significantly before vesting dates
- Awards subject to Dodd-Frank clawback policy; full Plan details in Exhibits 10.1 and 10.2
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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