Short answer
POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) filed an 8-K current report with the SEC on May 13, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Constantine Xykis resigned effective May 12, 2026, creating immediate leadership-transition risk.
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
- CEO Constantine Xykis resigned effective May 12, 2026, creating immediate leadership-transition risk
- CFO Kenneth Li appointed interim CEO while retaining CFO role, concentrating executive and financial oversight
- Xykis entitled to $945,611.91 2025 KPI bonus and $312,462.09 remaining long-term incentive bonus
- Settlement includes full deemed exercise of 28,334 vested stock appreciation rights, payable in cash
- Board search for a permanent CEO continues; Li receives no additional cash compensation initially
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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