CPI Aerostructures Announces Annual Meeting of Shareholders on June 19, 2024

TL;DR

<b>CPI Aerostructures will hold its annual shareholder meeting on June 19, 2024, to elect directors and vote on executive compensation.</b>

AI Summary

CPI AEROSTRUCTURES INC (CVU) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. CPI Aerostructures, Inc. will hold its annual meeting of shareholders on June 19, 2024, at 1:00 p.m. at its offices in Edgewood, New York. Shareholders will vote on the election of two Class II directors, the frequency of advisory votes on executive compensation, and the approval of named executive officer compensation. Shareholders of record as of April 26, 2024, are entitled to vote at the meeting. Proxy materials, including the proxy statement and the 2023 Annual Report on Form 10-K, are available online. The company encourages shareholders to vote in advance, even if planning to attend in person.

Why It Matters

For investors and stakeholders tracking CPI AEROSTRUCTURES INC, this filing contains several important signals. The annual meeting is a key governance event where shareholders exercise their voting rights on important company matters, including director elections and executive compensation. The availability of proxy materials online and the encouragement to vote in advance aim to increase shareholder participation and ensure a quorum for the meeting.

Risk Assessment

Risk Level: — CPI AEROSTRUCTURES INC shows moderate risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting and does not contain new financial or operational information that would indicate significant risk.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on director elections and executive compensation proposals.

Key Numbers

• June 19, 2024 — Annual Meeting Date (Annual Meeting of Shareholders)
• April 26, 2024 — Record Date (Shareholders of record on this date are entitled to vote)
• 2 — Class II Directors (To be elected at the meeting)

Key Players & Entities

• CPI AEROSTRUCTURES, INC. (company) — Registrant
• Dorith Hakim (person) — Chief Executive Officer and President
• June 19, 2024 (date) — Annual Meeting Date
• April 26, 2024 (date) — Record Date for Voting
• 2024 (date) — Fiscal Year End
• 2023 (date) — Fiscal Year End

FAQ

Industry Context

CPI Aerostructures, Inc. operates in the aerospace industry, manufacturing components for commercial, military, and general aviation aircraft.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, requiring disclosure of information for shareholder meetings.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the proposals regarding executive compensation and advisory votes on frequency.
3. Vote shares by the deadline, either in person or by proxy, to ensure participation.

Key Dates

• 2024-06-19: Annual Meeting of Shareholders — Election of directors and advisory votes on executive compensation.
• 2024-04-26: Record Date — Determines shareholders eligible to vote at the annual meeting.

Year-Over-Year Comparison

This filing is a Definitive Proxy Statement (DEF 14A) for the 2024 Annual Meeting of Shareholders, providing details on upcoming votes and meeting logistics.

Filing Documents

• cpi-def14a_051924.htm (DEF 14A) — 491KB
• cpi-def14a_img01.jpg (GRAPHIC) — 8KB
• cpi-def14a_img02.jpg (GRAPHIC) — 32KB
• cpi-def14a_img03.jpg (GRAPHIC) — 27KB
• cpi-def14a_img04.jpg (GRAPHIC) — 1KB
• cpi-def14a_img05.jpg (GRAPHIC) — 2KB
• cpi-def14a_img06.jpg (GRAPHIC) — 1KB
• 0001999371-24-005378.txt (&nbsp;) — 590KB

From the Filing

DEF 14A 1 cpi-def14a_051924.htm DEFINITIVE PROXY STATEMENT UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under &sect;240.14a-12 CPI AEROSTRUCTURES, INC. (Name of Registrant as Specified In Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. CPI AEROSTRUCTURES, INC. 91 Heartland Blvd. Edgewood, New York 11717 (631) 586-5200 Notice of Annual Meeting of Shareholders to be held on June 19, 2024 To the shareholders of CPI Aerostructures, Inc.: You are cordially invited to attend the annual meeting of shareholders of CPI Aerostructures, Inc. to be held on Wednesday, June 19, 2024, at 1:00 p.m. at our offices at 91 Heartland Boulevard, Edgewood, New York 11717. At the annual meeting of shareholders, you will be asked to consider and act upon the following matters: (1) To elect two Class II directors to serve until the term of our Class II directors ends in 2027; (2) To select, on an advisory basis, the frequency with which we will hold an advisory shareholder vote to approve our named executive officer compensation; (3) To approve, on an advisory basis, the compensation of our named executive officers; and (4) To address such other business as may properly come before the annual meeting of shareholders or any postponements or adjournments thereof. Only shareholders of record at the close of business on April 26, 2024 will be entitled to notice of, and to vote at, the annual meeting of shareholders and any postponements or adjournments thereof. Please read the enclosed proxy statement carefully because it contains information relevant to the actions to be taken at the annual meeting of shareholders. Even if you plan to attend the annual meeting of shareholders in person, we encourage you to vote your shares in advance by following the voting instructions provided. Every vote is important, and we look forward to hearing from you. By Order of the Board of Directors Dorith Hakim, Chief Executive Officer and President Edgewood, New York May 3, 2024 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON JUNE 19, 2024 Our Proxy Statement for the 2024 Annual Meeting of Shareholders and our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are available at www.cstproxy.com/cpiaero/2024. PROXY Annual Meeting of Shareholders to be held on June 19, 2024 This proxy statement and the accompanying proxy materials are furnished to shareholders of CPI Aerostructures, Inc. (the &ldquo;Company&rdquo;, &ldquo;we&rdquo;, or &ldquo;us&rdquo;) in connection with the solicitation of proxies by our board of directors for use in voting at our 2024 annual meeting of shareholders (the &ldquo;Annual Meeting&rdquo;) to be held at our offices at 91 Heartland Boulevard, Edgewood, New York 11717, on Wednesday, June 19, 2024, at 1:00 p.m., and at any postponements or adjournments thereof. We expect that the notice of internet availability of the proxy materials will be mailed and made available to shareholders of record as of April 26, 2024, beginning on or about May 3, 2024. We are bearing all costs of this solicitation. What matters am I being asked to vote on? You are being asked to vote on the following matters: (1) To elect two Class II directors to serve until the term of our Class II directors ends in 2027; (2) To select, on an advisory basis, the frequency with which we will hold an advisory shareholder vote to approve our named executive officer compensation; (3) To approve, on an advisory basis, the compensation of our named executive officers; and. (4) To address such other business as may properly come before the Annual Meeting or any postponements or adjournments thereof. What are the recommendations of the board of directors? Our board of directors recommends that you vote: &check; &ldquo;FOR&rdquo; the election of the Class II director nominees named in this proxy statement; &check; &ldquo; FOR &rdquo; holding named executive officer compensation votes &ldquo; EVERY YEAR &rdquo;; and &check; &ldquo;FOR&rdquo; the advisory approval of the compensation of our named executive officers. Why did I receive a Notice of Internet Availability? To conserve natural resources and reduce costs, we are sending shareholders a Notice of Internet Avai

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View this DEF 14A filing on SEC EDGAR