Management ChangeMay 13, 2026, 04:07 PM
Power Solutions International CEO Dino Xykis Resigns; CFO Li Named Interim CEO
AI Summary
Power Solutions International, Inc. announced the resignation of its Chief Executive Officer, Constantine ("Dino") Xykis, effective May 12, 2026. In connection with his departure, Mr. Xykis will receive his 2025 Key Performance Indicator bonus of $945,611.91, the remaining portion of his 2025 Long-Term Incentive bonus of $312,462.09, and cash settlement for 28,334 vested stock appreciation rights. Concurrently, the Board appointed Xun ("Kenneth") Li, the company's Chief Financial Officer, to serve as Interim Chief Executive Officer while continuing his CFO duties. Mr. Li will not receive additional cash compensation for the interim role, and the search for a permanent CEO is ongoing.
Key Highlights
- Constantine ("Dino") Xykis resigned as CEO effective May 12, 2026.
- Xykis to receive $945,611.91 2025 Key Performance Indicator bonus.
- Xykis to receive $312,462.09 2025 Long-Term Incentive bonus.
- Xykis to receive cash settlement for 28,334 vested stock appreciation rights (SARs).
- Xun ("Kenneth") Li appointed Interim CEO, continuing as CFO.
- Mr. Li, 56, has served as CFO since August 26, 2022.
- Mr. Li will not receive additional cash compensation for the interim CEO role.