Item 8.01 Other Events.
On September 24, 2020, Power Solutions International, Inc. (the "Company")
issued a press release announcing it had entered into agreements with the United
States Attorney's Office for the Northern District of Illinois (the "USAO") and
the United States Securities and Exchange Commission (the "SEC") to resolve
these agencies' previously disclosed investigations into the Company's past
revenue recognition practices. As part of this resolution, the Company will make
a payment of $1.7 million as a civil penalty to the SEC. Copies of the press
release, the Non-Prosecution Agreement with the USAO and the Settled
Administrative Order with the SEC are included as Exhibits 99.1, 99.2, and 99.3,
respectively, to this report and are incorporated by reference into this Item
8.01.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release of Power Solutions International, Inc., dated
September 24, 2020.
99.2 Non-Prosecution Agreement dated September 24, 2020, between
Power Solutions International, Inc. and the USAO.
99.3 Settled Administrative Order with the SEC dated September 24,
2020.
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