PSIX · Power Solutions International, Inc.

The sudden resignation of CEO Constantine Xykis, who had led Power Solutions International since April 2023, introduces leadership uncertainty for investors, though mitigated by a structured succession process already underway. The Resignation Agreement provides Xykis with over $1.25 million in earned 2025 bonuses and accelerated vesting of 28,334 SARs for cash settlement, signaling a negotiated exit without admission of wrongdoing and including a broad release of claims. This package reflects prior Compensation Committee approvals and ensures compliance with insider trading policies during the post-resignation exercise window. Xun Li's appointment as Interim CEO leverages his extensive experience as CFO since 2022, with prior roles at Caterpillar, ND Paper, and Ford, positioning him to maintain financial oversight amid expanded duties. No additional pay underscores cost discipline, though future adjustments are possible. The Board's ongoing search via its Nominating Committee, as disclosed in the June 2025 proxy, aims for a permanent replacement, minimizing prolonged interim leadership risks.