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POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) filed an 8-K current report with the SEC on July 27, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 5.07 (Submission of Matters to a Vote of Security Holders), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Nan Hu appointed CEO effective August 17, 2026, replacing interim CEO Xun Li as principal executive officer.
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
- Nan Hu appointed CEO effective August 17, 2026, replacing interim CEO Xun Li as principal executive officer
- Hu brings 25+ years of global automotive leadership and prior multi-billion-dollar P&L responsibility at BorgWarner
- CEO compensation includes $658,000 base salary, 70% target bonus, and 140% maximum bonus
- Sign-on package totals $540,500 cash plus $1,129,326 cash-settled phantom stock
- Li remains CFO and receives $10,000 monthly interim-CEO compensation retroactive to May 12, 2026
Item 5.07 · Submission of Matters to a Vote of Security Holders
- All seven director nominees elected to one-year terms ending at the 2027 annual meeting
- BDO USA ratified as independent auditor for fiscal year ending December 31, 2026
- Executive compensation approved in advisory vote, with 13,754,518 shares supporting
- Stockholders endorsed annual executive-compensation votes, receiving 13,681,019 votes
- Board adopted annual say-on-pay votes through the expected 2032 annual meeting
Item 7.01 · Regulation FD Disclosure
- Nan (Richard) Hu appointed Chief Executive Officer effective July 27, 2026
- Leadership transition creates potential strategic and execution impact for investors
- Press release furnished as Exhibit 99.1 for appointment details
Item EX-99.1 · Exhibit EX-99.1
- Richard Hu appointed CEO effective August 17, 2026, ending interim leadership under Kenneth Li
- Kenneth Li remains CFO, preserving finance continuity while adding permanent operating leadership
- Hu brings 25+ years of global industrial experience and prior P&L responsibility for approximately 3,900 employees
- Board expects Hu to drive profitable growth, operational execution, and PSI’s data-center market expansion
- Leadership transition remains a disclosed execution risk alongside acquisition integration and pending litigation exposure
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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