<SEC-DOCUMENT>0001387131-18-001806.txt : 20180427
<SEC-HEADER>0001387131-18-001806.hdr.sgml : 20180427
<ACCEPTANCE-DATETIME>20180427141555
ACCESSION NUMBER:		0001387131-18-001806
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20180427
DATE AS OF CHANGE:		20180427
EFFECTIVENESS DATE:		20180427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIONEER POWER SOLUTIONS, INC.
		CENTRAL INDEX KEY:			0001449792
		STANDARD INDUSTRIAL CLASSIFICATION:	POWER, DISTRIBUTION & SPECIALTY TRANSFORMERS [3612]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35212
		FILM NUMBER:		18782902

	BUSINESS ADDRESS:	
		STREET 1:		400 KELBY STREET, 12TH FLOOR
		CITY:			FORT LEE
		STATE:			NJ
		ZIP:			07024
		BUSINESS PHONE:		212-867-0700

	MAIL ADDRESS:	
		STREET 1:		400 KELBY STREET, 12TH FLOOR
		CITY:			FORT LEE
		STATE:			NJ
		ZIP:			07024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIERRA CONCEPTS, INC.
		DATE OF NAME CHANGE:	20081112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIERRA CONCEPTS
		DATE OF NAME CHANGE:	20081112
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ppsi-defa14a_051018.htm
<DESCRIPTION>ADDITIONAL DEFINITIVE PROXY SOLICITING MATERIALS
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-family: Times New Roman, Times, Serif">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-left: 0; margin-top: 0pt; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 4pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Washington,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 18pt"><B>SCHEDULE
14A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Proxy
Statement Pursuant to Section 14(a) of</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">the
Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 52%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
    by the Registrant &#9746;</FONT></TD>
    <TD STYLE="width: 48%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
    by a Party other than the Registrant &#9744;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    the appropriate box:</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 5%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 95%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Preliminary
    Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#9744;</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Confidential,
    for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive
    Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Definitive
    Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
    Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="text-align: center; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 24pt"><B>PIONEER
    POWER SOLUTIONS, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="text-align: center; font-family: Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Name of Registrant as Specified In Its Charter)</FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Name
        of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; font-family: Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Payment
of Filing Fee (Check the appropriate box):</FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD COLSPAN="3" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
    fee required.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&#9744;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee
    computed on table below per Exchange Act Rules 14a-6(i)(1) and&nbsp;0-11.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="width: 5%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 3%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="width: 92%; font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Title
        of each class of securities to which transaction applies:</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Aggregate
        number of securities to which transaction applies:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Per
        unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount
        on which the filing fee is calculated and state how it was determined):&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Proposed
        maximum aggregate value of transaction:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
        fee paid:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fee
    paid previously with preliminary materials.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif">&#9744;</TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
    box if any part of the fee is offset as provided by Exchange Act Rule&nbsp;0-11 and identify the filing for which the offsetting
    fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date
    of its filing.</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Amount
        Previously Paid:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Form,
        Schedule or Registration Statement No.:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filing
        Party:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; font-family: Times New Roman, Times, Serif">
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="font-family: Times New Roman, Times, Serif; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date
        Filed:&nbsp;</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-left: 0; margin-top: 0pt; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 4pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 0pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The purpose of this Schedule 14A is to file a letter from Pioneer
Power Solutions, Inc. that will be delivered to its stockholders on or before April 27, 2018, advising them of a change in date
and the change of location of the upcoming annual meeting and providing them with updated voting information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><IMG SRC="logo.jpg" ALT="6288_PPS_Logo_mech_01" STYLE="height: 83px; width: 272px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center; background-color: white"><B>Notice of
Date and Location Change for the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>Annual Meeting of
Stockholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>And Voting Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dear Stockholder:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">You recently received proxy materials in connection
with the 2018 Annual Meeting of Stockholders of Pioneer Power Solutions, Inc. (the &ldquo;Company&rdquo;), that was previously
to have taken place on May 10, 2018, at the offices of Haynes and Boone, LLP. The Company has changed the date of the upcoming
2018 Annual Meeting of Stockholders, from May 10, 2018, to May 14, 2018, at 11:00 a.m. New York time, and it will take place at
the executive office of the Company located at 400 Kelby Street, 12th Floor, Fort Lee, New Jersey 07024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The record date of April 2, 2018, remains unchanged,
and there is no change to the proposals to be presented to our stockholders for consideration at the Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">You should refer to the proxy materials previously
provided to you for additional information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">If you have already voted and do not wish to
change your vote, you do not need to do anything. Stockholders may also continue to use the form of proxy previously provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B>The Notice of 2018 Annual Meeting of Stockholders,
proxy statement and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017 are available at www.proxyvote.com.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Thank you very much.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We appreciate your support.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">Sincerely,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>/s/ Nathan J. Mazurek</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Nathan J. Mazurek</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Chairman</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"></P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !3 1 # 2(  A$! Q$!_\0
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M,)GDW0JI7!QCJ10!Z%\,4\1IHEV/%1NOM7VC]W]I8%MFT=/;.:H?&[_D0/\
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MH +=,;%4D;3Z@]<TD&C65OI\EE'#^XESY@+$E\]23UJ_10!FVV@:=:^8(K?
ME0QN&=F!4]L$TNG:%8Z7,TMK$PD8;=S.6('H,]!6C10!72R@CO9;M4Q/*H5V
MR>0.G%1V^EVMK--+$C;Y_P#6[G9MWU!-7** ,VPT#3]-N6GMH2LA& 2Q.P>@
MSTJ1]%L98)X7@#1W$GFR L>6]?;IVJ]10!GW^AV6I-&UQ&V^,;0Z.5.WTR.U
M7(((K6!(8$"1H-JJ.@%244 %%%% !1110 E1RV\,^/.ACDQTWJ#110%[$?\
M9]G_ ,^EO_W[7_"C^S[/_GTM_P#OVO\ A1118KFEW#^S[/\ Y]+?_OVO^%']
MGV?_ #Z6_P#W[7_"BBBP<TNX?V?9_P#/I;_]^U_PH_L^S_Y]+?\ []K_ (44
M46#FEW#^S[/_ )]+?_OVO^%.2RMHW#1VT*L.A5 #11187,^Y-2T44""BBB@
JHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
