Power Solutions International (PSIX) Proxy Filing summary

Executive summary

• The 2024 Annual Meeting will be held virtually on July 25, 2024, with stockholders able to vote and ask questions online.

• Stockholders will vote on electing seven directors, ratifying the auditor, and an advisory say-on-pay vote.

• The company continues to focus on growth and positive financial results, with recent executive transitions and strategic initiatives.

Voting matters and shareholder proposals

• Proposals include electing seven directors, ratifying BDO USA, LLP as auditor for 2024, and a non-binding advisory vote on executive compensation.

• The Board recommends voting FOR all proposals.

• Stockholders can vote online, by phone, mail, or during the virtual meeting.

• Stockholder proposals for the 2025 meeting are due by February 14, 2025, for inclusion in proxy materials.

Board of directors and corporate governance

• The Board consists of seven nominees, with a mix of independent and Weichai-designated directors.

• The company is a "controlled company" under NASDAQ rules due to Weichai's majority ownership but currently follows higher governance standards.

• Board committees include Audit, Compensation, Nominating, and Strategic, all with defined responsibilities.

• The Board is led by a non-executive Chairman, and all directors attended at least 75% of meetings in 2023.

• Board diversity includes five Asian and two White male directors.