Friday Furnace

Xun (Ken) Li, CFO of Power Solutions International, notified the board on November 3, 2026 of his resignation effective November 27, citing a desire to pursue another professional opportunity; the company said the departure was not the result of any disagreement. Li had held both the CFO and Interim CEO titles simultaneously from May 2026 until Nan (Richard) Hu took over as permanent CEO on August 17. No replacement CFO has been named, leaving the company without a named finance chief roughly ten weeks into new executive leadership and amid an active MTL acquisition integration, ongoing capacity ramp-up, and a new $220 million credit facility carrying quarterly covenant tests.

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Archive

Power Solutions CFO Who Served as Interim CEO Resigns With No Named Successor

FERA Falls Below Nasdaq Holder Minimum With Merger Pending

Activist DGB Wins Three of Five Ethan Allen Board Seats

ACRES Cuts Repo Interest-Coverage Covenant After Merger Costs Crush Q3

Fox Closes Roku Acquisition, Draws $10.4 Billion in New Debt

Blackstar Orbital Merger Valuation Slashed From $380M to $200M