Pioneer Power Files 8-K on Officer/Director Changes, Comp
Ticker: PPSI · Form: 8-K · Filed: Jan 2, 2024 · CIK: 1449792
| Field | Detail |
|---|---|
| Company | Pioneer Power Solutions, Inc. (PPSI) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $650,500, $675,500, $700,500, $300,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-compensation, officer-changes
TL;DR
**Pioneer Power filed an 8-K about executive changes and compensation, keep an eye on leadership.**
AI Summary
Pioneer Power Solutions, Inc. filed an 8-K on January 2, 2024, reporting an event that occurred on December 26, 2023. This filing indicates a change in executive or director compensation arrangements, or a departure/election of officers, which is a standard disclosure for public companies. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive compensation or leadership can reflect strategic shifts or financial performance, directly influencing investor confidence and the company's future direction.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure about corporate governance and compensation, not indicating immediate financial distress or major operational changes.
Analyst Insight
A smart investor would monitor subsequent filings or company announcements for specific details regarding the changes in officers or compensation arrangements, as this 8-K only indicates the occurrence of such events without providing specifics.
Key Players & Entities
- PIONEER POWER SOLUTIONS, INC. (company) — the registrant filing the 8-K
- December 26, 2023 (date) — date of the earliest event reported
- January 2, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for Pioneer Power Solutions, Inc.
- 001-35212 (company) — Commission File Number for Pioneer Power Solutions, Inc.
- 400 Kelby Street, 12th Floor, Fort Lee, New Jersey, 07024 (company) — address of principal executive offices for Pioneer Power Solutions, Inc.
- 212-867-0700 (company) — telephone number for Pioneer Power Solutions, Inc.
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 26, 2023.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 2, 2024.
What are the specific items reported in this 8-K filing?
The specific items reported are "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers" and "Financial Statements and Exhibits."
What is the full legal name of the company that filed this 8-K?
The full legal name of the company that filed this 8-K is PIONEER POWER SOLUTIONS, INC.
What is the business address and phone number of Pioneer Power Solutions, Inc. as stated in the filing?
The business address is 400 Kelby Street, 12th Floor, Fort Lee, New Jersey, 07024, and the business phone number is 212-867-0700.
Filing Stats: 760 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-01-02 16:30:39
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PPSI Nasdaq Stock Market
- $650,500 — Mr. Mazurek's annual base salary to be $650,500 for the period beginning on January 1,
- $675,500 — 2024, and ending on December 31, 2024, $675,500 for the period beginning on January 1,
- $700,500 — 5, and ending on December 31, 2025, and $700,500, for the period beginning on January 1,
- $300,000 — Mr. Michalec's annual base salary to be $300,000 for the period beginning on January 1,
- $325,000 — 2024, and ending on December 31, 2024, $325,000 for the period beginning on January 1,
- $350,000 — 5, and ending on December 31, 2025, and $350,000 for the period beginning on January 1,
Filing Documents
- form8-k.htm (8-K) — 45KB
- ex10-1.htm (EX-10.1) — 18KB
- ex10-2.htm (EX-10.2) — 18KB
- 0001493152-24-000098.txt ( ) — 257KB
- ppsi-20231226.xsd (EX-101.SCH) — 3KB
- ppsi-20231226_lab.xml (EX-101.LAB) — 33KB
- ppsi-20231226_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PIONEER POWER SOLUTIONS, inc. Date: January 2, 2024 By: /s/ Walter Michalec Name: Walter Michalec Title: Chief Financial Officer