Business Context and Reporting Period
This Form 8-K was filed by Power Solutions International, Inc. on May 3, 2021. The report addresses Item 5.08 regarding shareholder nominations and the scheduling of the 2021 Annual Meeting of Stockholders.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a procedural notice regarding corporate governance and does not contain financial performance data.
Material Changes
The primary material change is the rescheduling of the 2021 Annual Meeting. The meeting is now set for July 15, 2021, which differs by more than 30 days from the anniversary of the 2020 annual meeting held on December 15, 2020. Consequently, the standard deadlines for stockholder proposals and director nominations under Rule 14a-8 and the Company's Bylaws no longer apply.
Guidance, Outlook, and Corporate Actions
- Meeting Date: The 2021 Annual Meeting will be held on Thursday, July 15, 2021, at 8:00 a.m. Central Time.
- Format: The meeting will be conducted via remote communication.
- Record Date: The record date for stockholders entitled to vote is the close of business on Monday, May 17, 2021.
- Proposal Deadlines: Stockholders wishing to submit proposals for inclusion in proxy materials or to nominate directors must provide written notice to the Chief Financial Officer by the close of business on May 14, 2021.
- Contact: Notices must be sent to Donald P. Klein, Chief Financial Officer, at 201 Mittel Drive, Wood Dale, IL 60191.
Investor Verification Checklist
- Verify the new deadline of May 14, 2021, for submitting stockholder proposals or director nominations.
- Confirm the remote access procedures for the July 15, 2021, Annual Meeting once the proxy statement is released.
- Ensure any written notices are addressed to the Chief Financial Officer at the specified Wood Dale, Illinois address.