Power Solutions International Files Definitive Proxy Statement

TL;DR

PSI filed its proxy statement for the July 25th shareholder meeting. Vote your shares!

AI Summary

Power Solutions International, Inc. filed its definitive proxy statement (DEF 14A) on June 14, 2024, for its annual meeting of stockholders scheduled for July 25, 2024. The filing outlines the agenda for the meeting, which includes the election of directors and the ratification of the appointment of its independent registered public accounting firm.

Why It Matters

This filing is crucial for shareholders as it provides the official information needed to vote on key company matters, including director elections and auditor appointments, directly impacting corporate governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing, providing information to shareholders for an upcoming meeting, and does not inherently introduce new risks.

Key Players & Entities

• POWER SOLUTIONS INTERNATIONAL, INC. (company) — Registrant
• 20240614 (date) — Filing Date
• 20240725 (date) — Annual Meeting Date

FAQ

Key Financial Figures

• $0.001 — of the Companys common stock, par value $0.001 (the Common Stock). 1 Table of Cont

Filing Documents

• d794894ddef14a.htm (DEF 14A) — 435KB
• g794894g01e01.jpg (GRAPHIC) — 15KB
• g794894g02k02.jpg (GRAPHIC) — 60KB
• g794894g44m01.jpg (GRAPHIC) — 215KB
• g794894g44m02.jpg (GRAPHIC) — 233KB
• 0001193125-24-161667.txt ( ) — 1157KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 21 Executive Team Transitions 21 Summary Compensation Table 21 Employment Agreements with Named Executive Officers 22 Long-Term Incentive Plan 23 2023 Key Performance Indicator Plan 24 Outstanding Equity Awards at 2023 Year-End 24 Potential Payments Upon Termination or Change in Control 25 Hedging and Pledging Policy 25 Clawback Policy 26 Pay Versus Performance 27

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 31 PROPOSAL 2 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 33 i Table of Contents PROPOSAL 3 ADVISORY VOTE TO APPROVE THE COMPENSATION OF PSIS NAMED EXECUTIVE OFFICERS 34 AUDIT-RELATED MATTERS 35 Independent Registered Public Accounting Firm Fees 35 Pre-Approval Policy and Procedures 35 Report of the Audit Committee 36 RELATED PERSON POLICY AND TRANSACTIONS 37 Related Person Transactions Policy and Procedures 37 Related Person Transactions 37 OTHER MATTERS 40 Householding of Proxy Materials 40 Electronic Access to Proxy Statement and Annual Report 40 ii Table of Contents Power Solutions International, Inc. 201 Mittel Drive Wood Dale, Illinois 60191 PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS To Be Held on July 25, 2024 This proxy statement and enclosed proxy card are being furnished to stockholders of record as of the close of business on May 31, 2024, in connection with the solicitation by the Board of the Company of proxies for use in voting at the Annual Meeting to be held on Thursday, July 25, 2024, at 8:00 a.m. (Central Time). To support the health and well-being of our employees, Board, stockholders and other meeting participants, and to facilitate broad stockholder attendance and provide a consistent experience to all stockholders, regardless of location, the Annual Meeting will once again be virtual. Stockholders may attend the Annual Meeting by visiting http://www.virtualshareholdermeeting.com/PSIX2024, or at any and all adjournments or postponements thereof, for the purposes stated in the Notice of Annual Meeting of Stockholders. You are receiving the proxy materials because the Board is seeking your permission (or proxy) to vote your shares at the Annual Meeting on your behalf. This proxy statement presents information that is intended to help you in reaching a decision on vo

View Full Filing

View this DEF 14A filing on SEC EDGAR