Power Solutions International, Inc. Common Stock FY 2026 Earnings Call

Welcome to the 2026 annual meeting of stockholders for Power Solutions International, Inc. Our host for today's call is Jiwen Zhang, Chairman of the Board. I will now turn the call over to your host. Mr. Zhang, you may begin.

Good morning, welcome to 2026 annual stockholder meeting of Power Solutions International, Inc. I'm Jiwen Zhang, Chairman of the Board of PSI. It's my pleasure to welcome you here today for this meeting and to introduce Kenneth Li, PSI's Interim Chief Executive Officer and CFO, who will serve as our moderator today.

Thank you, Jiwen, welcome everyone. Thank you for joining us today. We are excited to host our virtual shareholder meeting once again, which allow us to hold the annual meeting while also being more inclusive and reaching a great number of our stockholders. During the business portion of our meeting, we will be providing some time for comments and for questions that you may have raised to the proposals. Though we may not be able to answer every questions, we will do our best to provide a response to as many as possible and welcome you to contact us after the meeting to address any unanswered questions that you may have. In keeping with the digital approach to this year's meeting, it is now shortly after 8:00 A.M. Central Time on July 23rd, 2026, this meeting is officially called to order.

Now I would like to introduce the members and the nominees of PSI's Board of Directors. Jiwen Zhang has served as Chairman of the Board since 2023 and is the Chair of the Nominating and Governance Committee and the Strategic Committee. Frank Simpkins has served as a Director since 2017 and is Chair of the Audit Committee and a member of the Nominating and Governance Committee and the Strategic Committee. Courtney Shea has served as Director since 2005 and is a member of the Audit Committee and the Compensation Committee. Hong He has served as a Director since 2019 and is Chair of the Compensation Committee and a member of the Audit Committee. Fuzhang Yu has served as Director since 2023 and is also a member of the Compensation Committee.

Xuesen Yang has served as director since 2025 and is also a member of the Nominating and the Governance Committee and the Compensation Committee. Zhao Jin has served as a director since 2025 and is also a member of the Strategic Committee. We are joined here today by BDO, our independent auditors. They will be available during the comments and question and answer section to respond to appropriate questions. In addition, the company has appointed Mr. Barry Sapeno to act as Inspector of Election. Mr. Sapeno is with us today and has already taken the oath of Inspector of Election. As I mentioned, we will provide time for questions raised to the proposals on the table for votes by shareholders. If you have other questions, please reach out to us after the meeting. Only validated shareholders may ask questions in the designated field on the web portal.

Out of consideration for others and in accordance with the rules of conduct, please limit yourself to two questions. Please note that this meeting is being recorded. No one attending via webcast is permitted to use any audio recording device. The board of directors fixed May 26, 2026, as the record date for determining stockholders entitled to vote at this meeting. An affidavit has been delivered attesting to the fact that either, one, a notice of internet availability of the notice of the meeting, the proxy statement, and the 2026 annual report to stockholders. Or two, the documents themselves were mailed on or about June 9th, 2026, to all stockholders as of the record date and will be incorporated into the minutes of this meeting. The stockholder list shows that as of the record date, there were 23,050,450 shares of common stock outstanding and entitled to vote at this meeting.

We are informed by the Inspector of Election that there are represented in person or by proxy shares of common stock representing 17,522,761 votes, or approximately 76.01% of the voting power on the record date. Since this represents more than a majority of the voting power of all issued and outstanding shares entitled to vote on the record date, a quorum is present for purpose of transacting business. Now I will present the matters to be voted upon. Please note that we will give stockholders an opportunity to comment and ask questions regarding the proposals after all proposals have been presented. Proposal one is the election of directors. The current board has nominated Jiwen Zhang, Frank Simpkins, Courtney Shea, Hong He, Fuzhang Yu, Xuesen Yang, Zhao Jin for election as directors to hold office until the 2027 annual meeting of the stockholders.

Until their successors are duly elected and qualified. Proposal two is to ratify the appointments of BDO USA, P.C. as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026. Proposal three is the advisory vote in a stockholder non-binding vote to approve the compensation of the company's named executive officers as described in the proxy statement. This vote, which is often called a say on pay vote, is required under the Dodd-Frank Act. Although it is a non-binding vote, the Compensation Committee and the board will certainly take the results of the votes into account when making future compensation decisions. Proposal four is to recommend, in a stockholder non-binding advisory vote, whether future advisory votes on the compensation of the company's named executive officers should occur every one, two, or three years.

This is also a non-binding advisory vote. The Compensation Committee and the board will take the results of the votes into account when determining the frequency of future advisory votes to approve executive compensations. If any stockholder would like to make a comment or ask a question regarding any of the proposals, please submit your comments and questions through the web portal. We will now pause for a minute to gather any relevant questions. It is now 8:11 A.M. Central Time on July 23rd, 2026, and I declare the polls open. Any stockholder who has not yet voted or wish to change their votes may do so by clicking on the voting button on the web portal and following the instructions there. It is important to note that any votes now on a proposal will void and replace any previous votes on the proposal.

Stockholders who have sent in proxy or voted by telephone or internet and do not want to change their votes do not need to take any further action. Now that everyone has had the opportunity to vote, I declare the polls for the 2026 Power Solutions International Annual Stockholder Meeting closed at 8:12 A.M. Central Time on July 23rd, 2026. We have been informed by the Inspector of Election that the primary vote report shows that the nominees for election to the board have been duly elected. The appointments of BDO USA, P.C. as the company's independent registered public accounting firm for the fiscal year ending December 31st, 2026, has been ratified. The compensation of the named executive officer has been approved by advisory vote. The future advisory vote to approve the compensation of the company's named executive officers will be done every year.

We will be reporting the final vote results in a Form 8-K to be filed within four business days. There being no further business come before the meeting, the 2026 annual meeting of shareholders of Power Solutions International Inc. is now adjourned.

This now concludes the meeting. Thank you for joining. Have a pleasant day.