CPI Aerostructures Elects New Directors, Updates Executive Pay
Ticker: CVU · Form: 8-K · Filed: Jul 28, 2025 · CIK: 889348
| Field | Detail |
|---|---|
| Company | Cpi Aerostructures INC (CVU) |
| Form Type | 8-K |
| Filed Date | Jul 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
CPI Aero adds 2 directors, inks new pay deals for CEO & CFO.
AI Summary
CPI Aerostructures, Inc. announced on July 22, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Robert J. K. MacGregor and David L. Rickard, to its Board of Directors. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Douglas L. Barnes, and Chief Financial Officer, Harold W. Breneiser, effective July 22, 2025, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can sometimes precede or reflect significant strategic shifts or performance issues.
Key Players & Entities
- CPI Aerostructures, Inc. (company) — Registrant
- Robert J. K. MacGregor (person) — Newly elected director
- David L. Rickard (person) — Newly elected director
- Douglas L. Barnes (person) — Chief Executive Officer
- Harold W. Breneiser (person) — Chief Financial Officer
- July 22, 2025 (date) — Effective date of board changes and new employment agreements
FAQ
Who were the new directors elected to CPI Aerostructures' Board?
Robert J. K. MacGregor and David L. Rickard were elected as new directors.
When were the new board appointments and executive employment agreements effective?
The changes were effective as of July 22, 2025.
Which executive officers entered into new employment agreements?
The Chief Executive Officer, Douglas L. Barnes, and the Chief Financial Officer, Harold W. Breneiser, entered into new employment agreements.
What is the principal executive office address for CPI Aerostructures, Inc.?
The principal executive office is located at 91 Heartland Boulevard, Edgewood, New York 11717.
What is the SIC code for CPI Aerostructures, Inc.?
The Standard Industrial Classification (SIC) code is 3728 for Aircraft Part & Auxiliary Equipment, NEC.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on July 28, 2025 by Robert J. K. MacGregor regarding CPI AEROSTRUCTURES INC (CVU).