Item 5.08. Shareholder Nominations.
Power Solutions International, Inc. (the "Company") has determined that the date
of the Company's 2020 annual meeting of stockholders (the "Annual Meeting") will
be Tuesday, December 15, 2020, at 8:00 a.m. (Central Time). The record date for
stockholders entitled to notice of and to vote at the Annual Meeting will be the
close of business on Friday, October 16, 2020. The Annual Meeting will be held
by remote communication, and information regarding the manner in which
stockholders will be able to access, participate in and vote at the Annual
Meeting will be set forth in the Company's proxy statement.
In accordance with Rule 14a-5(f) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), the Company is informing stockholders of the
meeting details and providing new information with respect to the submission of
(i) proposals intended to be included in the Company's 2020 proxy statement
under Rule 14a-8 under the Exchange Act and (ii) proposals submitted outside the
processes of Rule 14a-8.
Because the Company did not hold an annual meeting in 2019, pursuant to Rule
14a-8 of the Exchange Act, stockholders of the Company who wish to have a
proposal considered for inclusion in the Company's proxy materials for the
Annual Meeting must ensure that such proposal is received by the Company's
Interim Chief Financial Officer, Donald P. Klein, at 201 Mittel Drive, Wood
Dale, IL 60191, on or before the close of business on October 19, 2020, which
the Company has determined to be a reasonable time before it expects to begin to
print and send its proxy materials. Any such proposal must also meet the
requirements set forth in the rules and regulations of the Securities and
Exchange Commission in order to be eligible for inclusion in the proxy materials
for the Annual Meeting and must comply with the advance notice provisions
contained in the Company's amended and restated bylaws.
Additionally, a shareholder intending to submit a proposal outside the processes
of Rule 14a-8 of the Exchange Act or to nominate persons for election to serve
as a director of the Company, in each case in connection with the Annual
Meeting, to be considered timely, must provide written notice of such proposal
or nomination to the Company's Interim Chief Financial Officer not later than
the close of business on October 19, 2020, in order to be considered "timely"
within the meaning of Rule 14a-4(c) of the Exchange Act in respect of the Annual
Meeting. Such proposals or nominations must comply with the advance notice
provisions contained in the Company's amended and restated bylaws.
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