Power Solutions International Files 8-K
Ticker: PSIX · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1137091
| Field | Detail |
|---|---|
| Company | Power Solutions International, Inc. (PSIX) |
| Form Type | 8-K |
| Filed Date | Dec 27, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, disclosure, financials
TL;DR
PSI filed an 8-K on 12/27 detailing events from 12/26. Check it for Reg FD, other events, and financials.
AI Summary
Power Solutions International, Inc. filed an 8-K on December 27, 2024, reporting events that occurred on December 26, 2024. The filing includes information related to Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits. The company is incorporated in Delaware and headquartered in Wood Dale, Illinois.
Why It Matters
This 8-K filing provides updates on significant corporate events and disclosures for Power Solutions International, Inc., which could impact investor understanding of the company's current status.
Risk Assessment
Risk Level: low — This filing is a routine 8-K reporting standard corporate events and disclosures, not indicating immediate financial distress or significant operational changes.
Key Players & Entities
- POWER SOLUTIONS INTERNATIONAL, INC. (company) — Registrant
- December 26, 2024 (date) — Earliest event reported
- December 27, 2024 (date) — Filing date
- Wood Dale, Illinois (location) — Principal Executive Offices
FAQ
What specific events are being disclosed under Regulation FD?
The filing indicates a Regulation FD Disclosure, but the specific details of the disclosure are not provided in the provided text snippet.
What 'Other Events' are being reported by Power Solutions International, Inc.?
The filing lists 'Other Events' as a category, but the specific nature of these events is not detailed in the provided text.
What is the significance of the 'Financial Statements and Exhibits' section?
This section indicates that financial statements and supporting exhibits are being filed, which are crucial for understanding the company's financial health.
When was Power Solutions International, Inc. incorporated and where is its principal executive office?
The company is incorporated in Delaware and its principal executive offices are located at 201 Mittel Drive, Wood Dale, Illinois 60191.
What is the Commission File Number and IRS Employer Identification Number for Power Solutions International, Inc.?
The Commission File Number is 001-35944 and the IRS Employer Identification Number is 33-0963637.
Filing Stats: 1,361 words · 5 min read · ~5 pages · Grade level 15 · Accepted 2024-12-27 17:25:59
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share — The Nasdaq Stock Market
Filing Documents
- d917459d8k.htm (8-K) — 32KB
- d917459dex991.htm (EX-99.1) — 10KB
- g917459g1228023803748.jpg (GRAPHIC) — 13KB
- 0001193125-24-286003.txt ( ) — 183KB
- psix-20241226.xsd (EX-101.SCH) — 2KB
- psix-20241226_lab.xml (EX-101.LAB) — 17KB
- psix-20241226_pre.xml (EX-101.PRE) — 11KB
- d917459d8k_htm.xml (XML) — 4KB
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): December 26, 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 Common Stock, par value $0.001 per share — The Nasdaq Stock Market 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. Item7.01 Regulation FD Disclosure. On December 24, 2024, the Company issued a press release announcing the Nasdaq uplisting, which is attached as Exhibit 99.1 hereto. The information contained in this Item 7.01 and Exhibit 99.1 hereto shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933 (the "Securities Act") or the Exchange Act, except as shall be expressly set forth by reference in such a filing. Item8.01. Other Events. On December 26, 2024, Power Solutions International, Inc. (the "Company" or "PSI") uplisted its common stock to the Nasdaq Stock Market ("Nasdaq") and began trading on that market. The Company will continue to trade under the symbol PSIX. In connection with the Company's listing on Nasdaq, the Company has elected to rely on the controlled company exemptions with respect to the independence of the Board overall as well as members on its Compensation Committee and Nominating and Governance Committee in accordance with Nasdaq Rule 5615(a)(7). Nasdaq rules contain a list of relationships that preclude a determination of director independence. Under the rules, any director who is, or at any time in the past 3 years, was employed by the Company is automatically deemed not independent. Under the Nasdaq interpretation of those rules, "Company" includes any parent or subsidiary. Weichai America, Corp ("Weichai America") currently beneficially owns approximately fifty-one percent of the Company's common stock. Weichai America's Schedule 13D/A filed with the Commission on April 29, 2019 states that "Weichai Power [Co., Ltd.] is Weichai America's parent company, and Weichai Power is controlled by SHIG [Shandong Heavy Industry Group Co., Ltd]." In addition, Weichai Power has filed reports with the Hong Kong Stock Exchange indicating that Weichai Group Holdings Limited ("Weichai Group") is the parent company of Weichai Power. Given this chain of control, the Company has determined that Jiwen Zhang, PSI's Chairman of the Board, Kui Jiang, Chair of the Nominating & Governance Committee and a member of the Compensation Committee, Gengsheng Zhang, a member of the Nominating & Governance Committee, and Fuzhang Yu, a member of the Compensation Committee, are deemed not to be independent due to their employment by Weichai America, Weichai Power, Weichai Group, and/or SHIG. Caution Regarding Forward-Looking Statements This Form 8-K contains forward-looking statements regarding the current expectations of the Company about its prospects and opportunities. These forward-looking statements are entitled to the safe-harbor provisions of Section 21E of the Exchange Act. The Company has tried to identify these forward-looking statements by using words such as "anticipate," "believe," "budgeted," "contemplate," "estimate," "expect," "forecast," "guidance," "may," "outlook," "plan," "projec