Every material Form 8-K POWER SOLUTIONS INTERNATIONAL, INC. has filed with the SEC since August 06, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Power Solutions International's Chief Financial Officer, Xun (Ken) Li, notified the board on November 3, 2026, that he will resign, effective November 27, 2026, to pursue another professional opportunity. The company said the resignation was not the result of any disagreement with the company.
Xun (Ken) Li resigns as Chief Financial Officer, also serving as principal financial and principal accounting officer
Notice to the board given November 3, 2026; resignation effective November 27, 2026
Company states the departure was not due to any disagreement
Power Solutions International reported third quarter 2026 net sales of $202.1 million, down 1% from a year earlier but up 32.5% from the second quarter, and diluted EPS of $1.30 versus $1.20. The company raised its outlook, now expecting second-half 2026 net sales to exceed second-half 2025 net sales, up from its earlier view of roughly flat, and said it is not providing formal full-year guidance. Quarterly operating income of $40.9 million was a record but included a $3.8 million tariff refund that the company says will not recur, and nine-month net income fell 45% to $54.1 million.
Q3 2026 net sales were $202.1 million, down 1% from $203.8 million in Q3 2025; gross margin was 29.7% versus 23.9%.
Net income was $29.9 million, or $1.30 per diluted share, versus $27.6 million, or $1.20, a year earlier; the prior-year period included a $0.30 per share tax benefit.
Second-half 2026 net sales are now expected to exceed second-half 2025 net sales, compared with the earlier expectation of approximately in line.
Total debt fell by $34.9 million during the quarter to $37.7 million, with cash of $72.0 million as of September 30, 2026.
Power Solutions International (PSI) entered a new $220 million committed revolving credit agreement with HSBC as administrative agent, maturing September 25, 2029, and used part of it to repay in full its prior $135 million facility with Standard Chartered Bank. The new facility carries a lower borrowing spread of SOFR plus 1.80% versus SOFR plus 2.60% under the prior facility, and the company borrowed $35.0 million at closing, which shareholders may track as new debt secured by substantially all company and guarantor assets.
Committed capacity rises from $135 million to $220 million, with a $70 million letter of credit sublimit and expiry on September 25, 2029.
Borrowing rate is SOFR plus 1.80% per annum, down from SOFR plus 2.60% under the prior facility.
The company borrowed $35.0 million at closing and repaid about $15.1 million under the prior facility, with no early termination penalties.
Covenants require an interest coverage ratio of at least 3.00 to 1.00 and a leverage ratio of no more than 3.00 to 1.00, tested quarterly; a change of control default applies under specified Weichai conditions.
Power Solutions International reported second-quarter 2026 net sales of $152.5 million, down 21% from $191.9 million a year earlier, and net income of $16.9 million, down from $51.2 million. The prior-year quarter included a $29.2 million tax benefit, and diluted EPS was $0.73 versus $2.22. The company said it expects second-half 2026 sales to exceed first-half sales, but it is not providing formal full-year guidance.
Net sales were $152.5 million, down $39.4 million or 21%, mainly from lower power systems shipments tied to data center order timing and softer oil and gas demand.
Net income was $16.9 million, or $0.73 per diluted share, versus $51.2 million, or $2.22 per diluted share, a year earlier.
Gross margin was 27.1% versus 28.2% a year earlier, and rose about 420 basis points from the first quarter of 2026.
Total debt fell about $30.8 million during the quarter to $72.6 million as of June 30, 2026.
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