Business Context and Reporting Period
Company: Power Solutions International, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: March 13, 2012
Event: Entry into a Material Definitive Agreement (Industrial Building Lease).
Key Financial Metrics
This filing does not provide revenue, profit, cash flow, margin, debt, or liquidity figures. The report focuses exclusively on a specific contractual agreement.
Material Changes and Agreement Details
On March 13, 2012, Power Great Lakes, Inc. (PGL), an indirect wholly-owned subsidiary of the Company, entered into a new Industrial Building Lease with Centerpoint Properties Trust for the facility located at 801 AEC Drive, Wood Dale, Illinois.
- Property Use: Manufacturing, warehousing, and administrative functions.
- Property Size: Approximately 116,000 square feet (100% occupancy by PGL).
- Lease Term: August 1, 2013, through July 31, 2018.
- Renewal Option: One additional five-year period.
- Current Status: PGL is currently leasing the building under an existing agreement expiring July 31, 2013.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or specific risk factors beyond the standard qualification that the summary is subject to the complete text of the Lease Agreement (Exhibit 10.1). No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Review the full text of the Industrial Building Lease (Exhibit 10.1) for specific rent obligations, escalation clauses, and termination rights.
- Verify the financial impact of the new lease terms on future operating expenses compared to the expiring lease.
- Confirm the strategic necessity of the 116,000 square foot facility for the Company's manufacturing and warehousing operations.