|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 1/02/24 Pioneer Power Solutions, Inc. 8-K:5,9 12/26/23 12:248K M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 44K 2: EX-10.1 Material Contract HTML 18K 3: EX-10.2 Material Contract HTML 18K 7: R1 Cover HTML 47K 10: XML IDEA XML File -- Filing Summary XML 12K 8: XML XBRL Instance -- form8-k_htm XML 15K 9: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 5: EX-101.LAB XBRL Labels -- ppsi-20231226_lab XML 96K 6: EX-101.PRE XBRL Presentations -- ppsi-20231226_pre XML 64K 4: EX-101.SCH XBRL Schema -- ppsi-20231226 XSD 12K 11: JSON XBRL Instance as JSON Data -- MetaLinks 25± 35K 12: ZIP XBRL Zipped Folder -- 0001493152-24-000098-xbrl Zip 22K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): i December 26, 2023
i PIONEER POWER SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
| i Delaware | i 001-35212 | i 27-1347616 | ||
(State of |
(Commission | (I.R.S. Employer | ||
incorporation) |
File Number) | Identification No.) |
| i 07024 | ||
(Address of principal executive offices) |
(Zip Code) |
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||
| i Common Stock, par value $0.001 per share | i PPSI | i Nasdaq Stock Market LLC (Nasdaq Capital Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Amendment to CEO Employment Agreement
On December 26, 2023, Pioneer Power Solutions, Inc. (the “Company”) and Nathan J. Mazurek, the Company’s Chief Executive Officer, entered into a fifth amendment (the “Mazurek Amendment”) to that certain Employment Agreement, dated as of March 30, 2012, as amended on each of November 11, 2014, June 30, 2016, March 30, 2020, and April 25, 2022 (as amended, the “Mazurek Agreement”), in order to (i) extend the termination date of the Mazurek Agreement from December 31, 2024, to December 31, 2026, and (ii) adjust Mr. Mazurek’s annual base salary to be $650,500 for the period beginning on January 1, 2024, and ending on December 31, 2024, $675,500 for the period beginning on January 1, 2025, and ending on December 31, 2025, and $700,500, for the period beginning on January 1, 2026, and ending on December 31, 2026.
Amendment to CFO Employment Agreement
On December 26, 2023, the Company and Wojciech (Walter) Michalec, the Company’s Chief Financial Officer, entered into a first amendment (the “Michalec Amendment”) to that certain Employment Agreement, dated as of April 25, 2022 (as amended, the “Michalec Agreement”), in order to (i) extend the termination date of the Michalec Agreement from December 31, 2024, to December 31, 2026, and (ii) adjust Mr. Michalec’s annual base salary to be $300,000 for the period beginning on January 1, 2024, and ending on December 31, 2024, $325,000 for the period beginning on January 1, 2025, and ending on December 31, 2025, and $350,000 for the period beginning on January 1, 2026, and ending on December 31, 2026.
The foregoing summaries of each of the Mazurek Amendment and the Michalec Amendment contained in this Item 5.02 do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the Mazurek Amendment and the Michalec Amendment, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
| Exhibit No. | Description | |
| 10.1 | Fifth Amendment to Employment Agreement, dated December 26, 2023, by and between Pioneer Power Solutions, Inc. and Nathan J. Mazurek | |
| 10.2 | First Amendment to Employment Agreement, dated December 26, 2023, by and between Pioneer Power Solutions, Inc. and Wojciech (Walter) Michalec | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
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.
| PIONEER POWER SOLUTIONS, inc. | ||
| Date: January 2, 2024 | By: | /s/ Walter Michalec |
| Name: | Walter Michalec | |
| Title: | Chief Financial Officer | |
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/31/26 | ||||
| 1/1/26 | ||||
| 12/31/25 | ||||
| 1/1/25 | ||||
| 12/31/24 | ||||
| Filed on: | 1/2/24 | |||
| 1/1/24 | ||||
| For Period end: | 12/26/23 | |||
| 4/25/22 | 4, 8-K | |||
| 3/30/20 | 10-K | |||
| 6/30/16 | 10-Q, 8-K | |||
| 11/11/14 | ||||
| 3/30/12 | 10-K | |||
| List all Filings | ||||