CPI Aerostructures Appoints New Director, Zazula Resigns
Ticker: CVU · Form: 8-K · Filed: Jun 20, 2024 · CIK: 889348
| Field | Detail |
|---|---|
| Company | Cpi Aerostructures INC (CVU) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $385,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, management-change
Related Tickers: CVU
TL;DR
Board shakeup at CPI: Lerman in, Zazula out. Watch for strategy shifts.
AI Summary
CPI Aerostructures, Inc. announced on June 16, 2024, a change in its board of directors. Specifically, Mr. Robert J. Lerman has been appointed as a new director, and Mr. David M. Zazula has resigned from the board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine board changes without any indication of financial distress or significant operational issues.
Key Players & Entities
- CPI Aerostructures, Inc. (company) — Registrant
- Robert J. Lerman (person) — Newly appointed director
- David M. Zazula (person) — Resigned director
- June 16, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as a new director to the board of CPI Aerostructures, Inc.?
Mr. Robert J. Lerman has been appointed as a new director.
Who has resigned from the board of CPI Aerostructures, Inc.?
Mr. David M. Zazula has resigned from the board.
What is the effective date of these board changes?
The changes are effective as of June 16, 2024.
What is the principal executive office address for CPI Aerostructures, Inc.?
The address is 91 Heartland Boulevard, Edgewood, New York 11717.
What is the telephone number for CPI Aerostructures, Inc.?
The telephone number is (631) 586-5200.
Filing Stats: 434 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2024-06-20 08:00:25
Key Financial Figures
- $0.001 — nge on which registered Common stock, $0.001 par value per share CVU NYSE American
- $385,000 — utive Officer and President, by 4.8% to $385,000, effective as of May 1, 2024. Item 9.
Filing Documents
- cvu-8k_061624.htm (8-K) — 35KB
- 0001839882-24-019195.txt ( ) — 202KB
- cvu-20240616.xsd (EX-101.SCH) — 3KB
- cvu-20240616_lab.xml (EX-101.LAB) — 33KB
- cvu-20240616_pre.xml (EX-101.PRE) — 22KB
- cvu-8k_061624_htm.xml (XML) — 3KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): June 16, 2024 CPI AEROSTRUCTURES, INC. (Exact Name of Registrant as Specified in Charter) New York 001-11398 11-2520310 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 91 Heartland Boulevard , Edgewood , New York 11717 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (631) 586-5200 N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.001 par value per share CVU NYSE American Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 16, 2024 the Compensation and Human Resources Committee of the Registrant's Board of Directors increased the annual base salary of Dorith Hakim, the Registrant's Chief Executive Officer and President, by 4.8% to $385,000, effective as of May 1, 2024. Item 9.01 Financial (d) Exhibits Exhibit Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 20, 2024 CPI AEROSTRUCTURES, INC. By: /s/ Andrew Davis Andrew Davis Chief Financial Officer 3