Power Solutions International, Inc 8-K, filed Jul 30, 2024
Power Solutions International, Inc. (PSIX)
About this 8-K
Power Solutions International, Inc filed this 8-K on July 30, 2024, reporting on events of July 25, 2024.
Items reported
- Item 5.07: Shareholder vote results
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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| Item 5.07. | 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 | ||||||