Power Solutions International Stockholders Elect Directors, Ratify Auditors

TL;DR

PSI shareholders voted YES on directors and auditors. All good.

AI Summary

On July 25, 2024, Power Solutions International, Inc. announced the results of its annual meeting of stockholders. The company reported that all director nominees were elected, and the proposal to ratify the appointment of its independent registered public accounting firm for the fiscal year ending December 31, 2024, was also approved.

Why It Matters

This filing confirms shareholder confidence in the current board and the company's financial oversight, which is crucial for investor relations and future strategic decisions.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance matters, such as director elections and auditor ratification, which typically carry low risk.

Key Players & Entities

• Power Solutions International, Inc. (company) — Registrant
• July 25, 2024 (date) — Date of earliest event reported
• December 31, 2024 (date) — Fiscal year end for auditor appointment

FAQ

Filing Documents

• d878658d8k.htm (8-K) — 37KB
• 0001193125-24-188840.txt ( ) — 143KB
• psix-20240725.xsd (EX-101.SCH) — 3KB
• psix-20240725_lab.xml (EX-101.LAB) — 15KB
• psix-20240725_pre.xml (EX-101.PRE) — 9KB
• d878658d8k_htm.xml (XML) — 3KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): July 25, 2024 Power Solutions International, Inc. (Exact Name of Registrant as Specified in Charter) Delaware 001-35944 33-0963637 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 201 Mittel Drive , Wood Dale , Illinois 60191 (Address of Principal Executive Offices, and Zip Code) (630) 350-9400 Registrant's Telephone Number, Including Area Code Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered None — — Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item5.07. Submission of Matters to a Vote of Security Holders On July 25, 2024, Power Solutions International, Inc. (the "Company") held its 2024 Annual Meeting of Stockholders. All matters submitted for approval by the Company's stockholders, as described in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on June 14, 2024, were approved. The number of shares of common stock entitled to vote at the Company's 2024 Annual Meeting of Stockholders was 22,975,739, representing the number of shares outstanding as of May 31, 2024, the record date for the annual meeting. The voting details follow below. Proposal No. 1: Election of Directors The following nominees were elected to the Board for a one-year term expiring at the Company's 2025 Annual Meeting, as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES Jiwen Zhang 14,212,441 1,813,543 4125 2,705,986 Kui Jiang 14,218,446 1,793,487 18,176 2,705,986 Frank P. Simpkins 13,465,886 2,563,348 876 2,705,986 Kenneth W. Landini 15,929,268 90,965 876 2,705,986 Hong He 14,152,249 1,819,684 58,176 2,705,986 Gengsheng Zhang 13,407,751 2,564,182 58,176 2,705,986 Fuzhang Yu 14,199,541 1,795,887 34,681 2,705,986 Proposal No. 2: Ratification of Appointment of BDO USA, LLP to Serve as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2024 The ratification of BDO USA, LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, was approved as follows: FOR AGAINST ABSTAIN 18,730,673 4,130 1,292 Proposal No. 3: Approval, on an Advisory, Non-binding Basis, the Compensation of the Company's Named Executive Officers The Company's named executive officer compensation was approved on an advisory, non-binding basis, as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 15,897,987 121,551 10,571 2,705,986 SIGNATURE 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. Power Solutions International, Inc. Dated: July 30, 2024 By: /s/ Randall Lehner Name: Randall Lehner Title: General Counsel

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View this 8-K filing on SEC EDGAR