Power Solutions International Inc (PSIX)

[BSWB]

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On February 6, 2017, Power Solutions International, Inc. (the “Company”) (Nasdaq: PSIX) received notice from the Staff (the “Staff”) of the Listing Qualifications Department of The NASDAQ Stock Market LLC (“Nasdaq”) indicating that the Staff had determined to delist the Company’s securities from the Nasdaq Capital Market based upon the Company’s continued non-compliance with Nasdaq’s filing requirement, as set forth in Nasdaq Listing Rule 5250(c)(1), unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Staff’s notice followed the Company’s failure to file its Quarterly Reports on Form 10-Q for the quarterly periods ended June 30, 2016 and September 30, 2016 (the “Delayed Reports”) with the Securities and Exchange Commission (the “SEC”) prior to the expiration of the extension period on February 6, 2017, as granted by the Staff.

The Company intends to timely request a hearing before the Panel, which request will automatically stay the suspension of trading in the Company’s common stock for at least 15 days. In connection with its request for a hearing, the Company also intends to request that the Panel determine to further stay any suspension of trading at least pending the ultimate outcome of the hearing. The Company anticipates receipt of a determination with respect to the stay request by February 28, 2017.

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