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$PSIX
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Company Executives

Officer Age In this role Joined Pay Source
Xun (Kenneth) Li
Interim Chief Executive Officer and Chief Financial Officer
55 Not stated Not stated Not reported
Nan (Richard) Hu
Chief Executive Officer
Title from the Form 4 dated Aug 17, 2026
Not stated Not stated Not stated Not reported
Zhaoying (Dorothy) Du
General Counsel and Corporate Secretary
48 Since 2025
1 year
Not stated Not reported

Each officer opens the passage of the filing that names them. A title that changed since the list comes from the officer's latest Form 3, 4 or 5, and its start year is not stated there. "Not stated" means the filing does not say. Pay is the proxy's Summary Compensation Table, which reports only the named executive officers.

Directors
7
serving now
Independent
3 of 7
stated in the proxy
Average tenure
3.6 years
from year joined
CEO also chairs the board
No
Jiwen Zhang
Director Age On board Independent Committees Other public boards 2025 pay Source
Jiwen Zhang
55 2023
3 years
Not independent
Strategic · Chair
None stated $132,000
Xuesen Yang
46 2025
1 year
Not independent
Nominating Compensation
None stated $30,925
Frank P. Simpkins
63 2017
9 years
Independent
Audit · Chair Nominating Strategic
None stated $474,300
Courtney C. Shea
65 2025
1 year
Independent
Audit Compensation
Assured Guaranty Ltd. $339,709
Hong He
57 2019
7 years
Independent
Audit Compensation · Chair
None stated $459,800
Zhao Jin
40 2025
1 year
Not independent
Strategic
None stated $17,425
Fuzhang Yu
39 2023
3 years
Not independent
Compensation
None stated $21,925

Each director opens the passage of the proxy that names them. "Not stated" means the proxy does not say; it never means "no". Pay is the proxy's Director Compensation table; the CEO is paid as an executive.

8 disclosed in the proxy filed Jun 9, 2026
Weichai
owns approximately 46.0% of the outstanding shares of the Company’s Common Stock
Amount not stated

Rights Agreement gives Weichai representation on the Board and management representation rights

With the Company Open in proxy
Weichai
owns approximately 46.0% of the outstanding shares of the Company’s Common Stock
$1.3 million and $1.8 million
2025 and 2024

Sales by the Company to Weichai

With the Company Open in proxy
Weichai
owns approximately 46.0% of the outstanding shares of the Company’s Common Stock
$39.8 million and $21.5 million
2025 and 2024

Inventory purchased by the Company from Weichai

With the Company Open in proxy
Weichai
owns approximately 46.0% of the outstanding shares of the Company’s Common Stock
Up to $105.0 million
August 30, 2024 to August 31, 2025

Shareholder loan agreement (SLA) allowing the Company to borrow from Weichai, at SOFR plus 4.05%, repaid in full in June 2025

With the Company Open in proxy
Baudouin
France-based marine engine manufacturing subsidiary of Weichai Power
$1.2 million
2025

International distribution and sales agreement under which Baudouin sells PSI power systems products

With PSI Open in proxy
Shandong Weichai Import & Export Corporation (SWIEC)
an affiliate of Weichai
Amount not stated
five-year initial term

Five-year exclusive purchase and distribution agreement with annual minimum purchase requirements

With the Company Open in proxy
Weichai
owns approximately 46.0% of the outstanding shares of the Company’s Common Stock
$0.1 million
2025

Manufacture of record agreement requiring the Company to pay Weichai a fee of 1.75% of gross revenues from certain engines

With the Company Open in proxy
KION North America Corporation (KNA)
a subsidiary of Weichai
Approximately $0.5 million
December 31, 2025

Settlement agreement under which KNA paid to resolve PSI claims for development costs after KNA suspended a planned engine purchase

With PSI Open in proxy

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