# EDGAR Filing Document

**Accession Number:** 0001137091
**File Stem:** 0001193125-23-080430
**Filing Date:** 2023-3
**Character Count:** 10545
**Document Hash:** 5f228f98364aa250fccbe577200e81f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-080430.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001193125-23-080430

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230322

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** POWER SOLUTIONS INTERNATIONAL, INC.
- **CENTRAL INDEX KEY:** 0001137091
- **STANDARD INDUSTRIAL CLASSIFICATION:** ENGINES & TURBINES [3510]
- **IRS NUMBER:** 330963637
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35944
- **FILM NUMBER:** 23764536

**BUSINESS ADDRESS:**
- **STREET 1:** 201 MITTEL DRIVE
- **CITY:** WOOD DALE
- **STATE:** IL
- **ZIP:** 60191
- **BUSINESS PHONE:** 630-350-9400

**MAIL ADDRESS:**
- **STREET 1:** 201 MITTEL DRIVE
- **CITY:** WOOD DALE
- **STATE:** IL
- **ZIP:** 60191

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORMAT INC
- **DATE OF NAME CHANGE:** 20060901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORMAT INC /FA/
- **DATE OF NAME CHANGE:** 20010321

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, DC 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of report (Date of earliest event reported): March 22, 2023

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## Power Solutions International, Inc.

#### (Exact Name of Registrant as Specified in Charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-35944** | **33-0963637** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(I.R.S. Employer**<br> **Identification No.)** |

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#### 201 Mittel Drive, Wood Dale, Illinois 60191

#### (Address of Principal Executive Offices, and Zip Code)
(630) 350-9400

#### Registrant's Telephone Number, Including Area Code

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| None |  |  |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.**  |

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On March 22, 2023, Power Solutions International, Inc. (the "Company") entered into the Second Amendment to Strategic Collaboration Agreement (the "Amendment"), which amends the Strategic Collaboration Agreement, dated March 20, 2017 and the subsequent First Amendment to Strategic Collaboration Agreement dated March 26, 2020 (collectively, the "Collaboration Agreement") with Weichai Power Co., Ltd. ("Weichai Power"), an affiliate of Weichai America Corp. (together, "Weichai"). The Amendment extends the terms and obligations under the Collaboration Agreement until March 20, 2026, with the option to extend the Collaboration Agreement through mutual agreement of the parties within two months of the expiration of the term. All other terms of the Collaboration Agreement remain unchanged.

Weichai is currently the Company's largest stockholder holding 51.2% of the Company's outstanding common stock as of March 22, 2023. The original Strategic Collaboration Agreement was entered into in conjunction with a Share Purchase Agreement, dated March 20, 2017, between the Company and Weichai, and a Shareholder Agreement, dated March 20, 2017, between the Company and Weichai.

The foregoing description of the Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibits 10.1 on this Form 8-K- and is incorporated herein by reference.

#### Section 9 – Financial Statements and Exhibits.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

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| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| 10.1 | [Second Amendment to Strategic Collaboration Agreement, dated as of March 22, 2023, by and between the Company and Weichai Power.](d307726dex101.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **Power Solutions International, Inc.** | **Power Solutions International, Inc.** |
| Dated: March 24, 2023 | By: | /s/ Xun Li |
|  |  | Xun Li |
|  |  | Chief Financial Officer |

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## Exhibit 10.1

**Exhibit 10.1** 

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**Second Amendment to Strategic Collaboration Agreement** 

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between

**Weichai Power Co, Ltd.** 

and

**Power Solutions International, Inc.** 

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This Second Amendment to Strategic Collaboration Agreement (the "Second Amendment") is made and entered into as of March 22, 2023 by and between

(1) Weichai Power Co, Ltd., a company limited by shares incorporated under the laws of the People's Republic
of China and registered with the State Administration for Industry and Commerce under registration no. 370000400003581, having its business address at Section A, 197, Fu Shou East Street, High Technology Industrial Development Zone, Weifang,
Shandong Province, the People's Republic of China, Postal Code: 261061 ()"**Weichai** "); and

(2) Power Solutions International, Inc. a corporation constituted and validly existing in accordance with the laws
of the State of Delaware, USA, with its primary headquarter in 201 Mittel Drive Wood Dale IL U.S.A. 60191 ()"**PSI** ").

Weichai and PSI are hereinafter jointly referred to as the "**Parties**" and individually as a "**Party**".

**WHEREAS** 

(A) The Parties entered into a Strategic Collaboration Agreement dated as of March 20, 2017 (the
"Agreement"), which expires on March 20, 2020.

(B) The Parties entered into a First Amendment to Strategic Collaboration Agreement dated as of March 26, 2020
(the "First Amendment"), which expires on March 20, 2023.

(C) The Parties have notified each other of their intentions to extend the term under the Agreement and to further
extend the Agreement.

(D) The Parties desire to make certain amendments to the Agreement to extend the term under the provisions as
herein provided.

**NOW, THEREFORE**, in consideration of the promises contained herein and intending to be legally bound, the Parties agree as follows:

**1.** <u>Definitions</u> All capitalized terms used and not otherwise defined herein shall have the meanings
assigned to them in the Agreement.

**2.** <u>Section</u> <u>10.1 of the Agreement</u> shall be amended as follows:

The Term of the Agreement shall be extended an additional three (3) years starting from March 20, 2023 and until March 20, 2026. Within two (2) months prior to the end of the term or the extension thereof, the Parties may mutually agree on the extension of this Agreement and depending on the status on each of the Collaboration Project, the Parties may mutually agree on amending the terms and conditions of this Agreement to be applied for the next extension term.

**3.** <u>Section</u> <u>11.3 of the Agreement</u> shall be amended as follows:

All notices, requests, claims, demands and other communications under this Agreement shall be in writing in Chinese and English and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses:

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| | |
|:---|:---|
| To Weichai: | Weichai Power Co, Ltd |
|  | Attn.: Executive President |
|  | Section A, 197, Fu Shou East Street |
|  | High Technology Industrial Development Zone |
|  | Weifang, Shandong Province |
|  | The People's Republic of China |
|  | Postal Code: 261061 |
|  | Fax: +86 5368 231074 |
| To Weichai US: | Weichai America Corp. |
|  | Attention: President |
|  | 3100 Golf Road Rolling Meadows |
|  | IL 60008 |
| To PSI: | Power Solutions International, Inc. |
|  | Attention: Chief Executive Officer<br> 201 Mittel Dr.<br> Wood Dale IL 60191 |

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This Agreement is written in English. The English version shall be binding on the Parties.

[*Signature page to follow*]

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IN WITNESS WHEREOF, the Parties have caused this Second Amendment to Agreement to be duly executed on their behalf by their duly authorized officer as of the date first written above.

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| | |
|:---|:---|
| **WEICHAI POWER CO., LTD.** | **WEICHAI POWER CO., LTD.** |
| represented by: | represented by: |
| By: | /s/ Guo Shenggang  |
| Name: | Guo Shenggang |
| Title: | Executive President |
| **POWER SOLUTIONS INTERNATIONAL, INC.** | **POWER SOLUTIONS INTERNATIONAL, INC.** |
| represented by: | represented by: |
| By: | /s/ Constantine Xykis |
| Name: | Constantine Xykis |
| Title: | CEO & CTO |

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