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Pioneer Power Solutions, Inc. – ‘10-Q’ for 9/30/14 – ‘EX-10.1’

On:  Wednesday, 11/12/14, at 4:18pm ET   ·   For:  9/30/14   ·   Accession #:  1449792-14-48   ·   File #:  1-35212

Previous ‘10-Q’:  ‘10-Q/A’ on 10/31/14 for 6/30/14   ·   Next:  ‘10-Q’ on 5/15/15 for 3/31/15   ·   Latest:  ‘10-Q’ on 11/14/23 for 9/30/23   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/12/14  Pioneer Power Solutions, Inc.     10-Q        9/30/14   59:5.1M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    416K 
 2: EX-10.1     Material Contract                                   HTML     30K 
 3: EX-10.2     Material Contract                                   HTML     30K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     28K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     28K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
39: R1          Document and Entity Information                     HTML     37K 
30: R2          Consolidated Statements of Earnings                 HTML     72K 
37: R3          Consolidated Statements of Comprehensive Income     HTML     37K 
41: R4          Consolidated Balance Sheets                         HTML    117K 
54: R5          Consolidated Balance Sheets (Parenthetical)         HTML     36K 
31: R6          Consolidated Statements of Cash Flows               HTML     98K 
36: R7          Basis of Presentation                               HTML     23K 
26: R8          Summary of Significant Accounting Policies          HTML     27K 
20: R9          Inventories                                         HTML     41K 
55: R10         Goodwill and Other Intangible Assets                HTML     80K 
43: R11         Other Assets                                        HTML     25K 
42: R12         Debt                                                HTML     58K 
47: R13         Shareholders' Equity                                HTML     29K 
48: R14         Stock-Based Compensation                            HTML     57K 
46: R15         Pension Plan                                        HTML     68K 
49: R16         Geographical Information                            HTML     60K 
38: R17         Basic and Diluted Earnings Per Share                HTML    103K 
40: R18         Summary of Significant Accounting Policies          HTML     23K 
                (Policy)                                                         
45: R19         Inventories (Tables)                                HTML     39K 
59: R20         Goodwill and Other Intangible Assets (Tables)       HTML     78K 
51: R21         Debt (Tables)                                       HTML     38K 
33: R22         Stock-Based Compensation (Tables)                   HTML     53K 
44: R23         Pension Plan (Tables)                               HTML     67K 
35: R24         Geographical Information (Tables)                   HTML     54K 
17: R25         Basic and Diluted Earnings Per Share (Tables)       HTML    100K 
52: R26         Inventories (Narrative) (Details)                   HTML     20K 
56: R27         Inventories (Schedule of Inventories) (Details)     HTML     32K 
23: R28         Goodwill and Other Intangible Assets (Schedule of   HTML     32K 
                Intangible Assets and Goodwill) (Details)                        
22: R29         Goodwill and Other Intangible Assets (Schedule of   HTML     34K 
                Intangible Assets) (Details)                                     
24: R30         Other Assets (Narrative) (Details)                  HTML     40K 
25: R31         Debt (Narrative) (Canadian Credit Facilities)       HTML     32K 
                (Details)                                                        
28: R32         Debt (Narrative) (United States Credit Facilities)  HTML     32K 
                (Details)                                                        
16: R33         Debt (Narrative) (Nexus Promissory Note) (Details)  HTML     24K 
50: R34         Debt (Narrative) (Pico Promissory Note) (Details)   HTML     18K 
32: R35         Debt (Schedule of Long-Term Debt) (Details)         HTML     27K 
34: R36         Shareholders' Equity (Narrative) (Details)          HTML     45K 
19: R37         Stock-Based Compensation (Narrative) (Details)      HTML     23K 
58: R38         Stock-Based Compensation (Schedule of Stock-Based   HTML     64K 
                Compensation) (Details)                                          
14: R39         Pension Plan (Narrative) (Details)                  HTML     21K 
29: R40         Pension Plan (Schedule of Pension Plan Expenses)    HTML     38K 
                (Details)                                                        
53: R41         Geographical Information (Schedule of Geographical  HTML     26K 
                Information) (Details)                                           
18: R42         Basic and Diluted Earnings Per Share (Schedule of   HTML     53K 
                Earnings Per Share) (Details)                                    
57: XML         IDEA XML File -- Filing Summary                      XML     80K 
15: EXCEL       IDEA Workbook of Financial Reports                  XLSX     81K 
21: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    794K 
 8: EX-101.INS  XBRL Instance -- ppsi-20140930                       XML    984K 
10: EX-101.CAL  XBRL Calculations -- ppsi-20140930_cal               XML    114K 
11: EX-101.DEF  XBRL Definitions -- ppsi-20140930_def                XML    221K 
12: EX-101.LAB  XBRL Labels -- ppsi-20140930_lab                     XML    615K 
13: EX-101.PRE  XBRL Presentations -- ppsi-20140930_pre              XML    473K 
 9: EX-101.SCH  XBRL Schema -- ppsi-20140930                         XSD     96K 
27: ZIP         XBRL Zipped Folder -- 0001449792-14-000048-xbrl      Zip     75K 


‘EX-10.1’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  EXH 101 - Mazurek Employment Agreement  

Exhibit 10.1

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

 

This First Amendment to Employment Agreement (this “Amendment”) is made and entered as of this 11th day of November, 2014,  (the “Amendment Effective Date”) by and between Pioneer Power Solutions, Inc., a Delaware corporation (the “Company”), and Nathan J. Mazurek  (the Executive”) for purposes of amending that certain Employment Agreement, dated as of March 30, 2012, by and between the Company and the Executive (the “Agreement”).  Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

 

WHEREAS,  the Term under the Agreement is scheduled to expire on March 30, 2015 and the Company and the Executive desire to extend the Term to March 30, 2018,  unless terminated earlier in accordance with Article II of the Agreement;

 

WHEREAS,  in connection with such extension of the Term, the Company and the Executive desire to adjust the Executive’s base salary as set forth in this Amendment;  and

 

WHEREAS,  Section 5.08 of the Agreement provides that the parties to the Agreement may amend the Agreement in a writing signed by the parties.

   

NOW THEREFORE, pursuant to Section 5.08 of the Agreement, and for good and valuable consideration, the sufficiency of which is hereby acknowledged, the Company and the Executive agree as follows:

 

1.The first sentence of Section 1.04 of the Agreement is hereby amended as of the Amendment Effective Date by deleting said sentence in its entirety and substituting in lieu thereof the following sentence

 

The term of the Executive’s employment under this Agreement shall begin on April 1, 2012 (the “Effective Date”) and shall continue in effect through March 31, 2018 (the “Term”).

 

2.Section 1.05 of the Agreement is hereby amended as of the Amendment Effective Date by deleting said section in its entirety and substituting in lieu thereof the following new Section 1.05

 

Base SalaryThe Company shall pay the Executive an annual base salary, less applicable payroll deductions and tax withholdings (the “Base Salary”) for all services rendered by the Executive under this Agreement of (i) $410,000, for the period beginning on the Amendment Effective Date and ending on December 31, 2015; (ii) $425,000, for the period beginning on January 1, 2016 and ending on December 31, 2016; and (iii) $440,000, for the period beginning on January 1, 2017 and ending on the last day of the Term.  The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

 

3.Except as expressly amended by this Amendment, the Agreement shall continue in full force and effect in accordance with the provisions thereof.

 

4.In the event of a conflict between the Agreement and this Amendment, this Amendment shall govern.

 

 [Remainder of Page Intentionally Left Blank.  Signature Page Follows.]

 


 

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the Amendment Effective Date.

 

THE COMPANY:

 

 

 

 

 

 

PIONEER POWER SOLUTIONS, INC.

 

 

/s/ Andrew Minkow

Andrew Minkow

Chief Financial Officer

EXECUTIVE:

 

/s/ Nathan J. Mazurek

Nathan J. Mazurek

 

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
3/30/18
3/30/154
Filed on:11/12/148-K
For Period end:9/30/14
4/1/12
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/11/23  Pioneer Power Solutions, Inc.     10-K       12/31/22   86:6.4M                                   M2 Compliance LLC/FA
 3/31/22  Pioneer Power Solutions, Inc.     10-K       12/31/21   89:6.4M                                   Quality EDGAR So… LLC/FA
 3/30/21  Pioneer Power Solutions, Inc.     10-K       12/31/20   96:6.7M                                   Quality EDGAR So… LLC/FA
10/08/20  Pioneer Power Solutions, Inc.     10-K/A     12/31/19    4:119K                                   Quality EDGAR So… LLC/FA
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Filing Submission 0001449792-14-000048   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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