Innovative Solutions & Support Files 10-K/A Amendment

TL;DR

ISS filed an amended 10-K for FY24, check for updates.

AI Summary

Innovative Solutions & Support Inc. filed an amendment (10-K/A) on January 23, 2025, for its fiscal year ending September 30, 2024. The company, headquartered in Exton, PA, operates in computer programming services. This filing is an amendment to their annual report.

Why It Matters

This amendment provides updated or corrected information for the company's annual report, which is crucial for investors to make informed decisions.

Risk Assessment

Risk Level: low — This is a routine amendment to an annual report, not indicating new significant risks.

Key Numbers

• 001-41503 — SEC File Number (Identifies the company's filings with the SEC)
• 0000836690 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• INNOVATIVE SOLUTIONS & SUPPORT INC (company) — Registrant
• 0001558370-25-000364 (filing_id) — Accession Number
• 20250123 (date) — Filing Date
• September 30, 2024 (date) — Fiscal Year End
• Exton, PA (location) — Company Headquarters

FAQ

Filing Documents

• issc-20240930x10ka.htm (10-K/A) — 789KB
• issc-20240930xex31d3.htm (EX-31.3) — 4KB
• issc-20240930xex31d4.htm (EX-31.4) — 4KB
• issc-20240930x10ka004.jpg (GRAPHIC) — 43KB
• issc-20240930x10ka005.jpg (GRAPHIC) — 40KB
• 0001558370-25-000364.txt ( ) — 1393KB
• issc-20240930.xsd (EX-101.SCH) — 5KB
• issc-20240930_def.xml (EX-101.DEF) — 47KB
• issc-20240930_lab.xml (EX-101.LAB) — 26KB
• issc-20240930_pre.xml (EX-101.PRE) — 16KB
• issc-20240930x10ka_htm.xml (XML) — 9KB

Executive Compensation

Executive Compensation 7 GENERAL EXECUTIVE COMPENSATION POLICIES 7 EMPLOYMENT AGREEMENTS 10 SUMMARY COMPENSATION TABLE 14 GRANTS OF PLAN-BASED AWARDS 15 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 15 OPTION EXERCISES AND STOCK VESTED 16 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 16 PAY VERSUS PERFORMANCE 18 ADJUSTMENTS MADE TO DETERMINE COMPENSATION ACTUALLY PAID 19 DIRECTOR COMPENSATION 21 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 22 SECURITY OWNSHIP OF PRINCIPAL SHAREHOLDERS 22 SECURITY OWNSHIP OF MANAGEMENT 23 EQUITY COMPENSATION PLAN INFORMATION 24 Item 13. Certain Relationships and Related Transactions and Director Independence 25 RELATED PARTY TRANSACTIONS 25 DIRECTOR INDEPENDENCE 25 Item 14. Principal Accounting Fees and Services 26 Part IV 28 Item 15. Exhibits and Financial Statement Schedules, 28

SIGNATURES

SIGNATURES 31 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-KA contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements are based largely on current expectations and projections about future events and trends affecting the business, are not guarantees of future performance, and involve a number of risks, uncertainties and assumptions that are difficult to predict. In this Annual Report on Form 10-KA, the words "anticipates," "believes," "may," "will," "estimates," "continues," "anticipates," "intends," "forecasts," "expects," "plans," "could," "should," "would," "is likely,"" projected," "might," "potential," "preliminary," "provisionally," and similar expressions, as they relate to the business or to its management, are intended to identify forward looking statements, but they are not exclusive means of identifying them. Unless the context otherwise requires, all references herein to "IS&S," the "Registrant," the "Company," "we," "us" or "our" are to Innovative Solutions and Support, Inc. and its consolidated subsidiaries. ThrustSense and COCKPIT/IP, among others, are trademarks of the Company. All other trademarks appearing herein are held by their respective owners. Subsequent use of the Company's trademarks in this Annual Report on Form 10-KA may occur without the applicable superscript symbol ( or TM) in order to facilitate the readability of this Annual Report on Form 10-KA and are not a waiver of rights that may be associated with the relevant trademarks. The forward-looking statements in this Annual Report on Form 10-KA are only predictions, and actual events or results may differ materially. In evaluating such statements, a number of risks, uncertainties and other factors could cause actual results, performance, financial condition, cash flows, prospects and

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance. BOARD OF DIRECTORS As of the date of this Amendment No. 1, our directors are as follows: Director Current Name Age Since Term Expires Positions with the Company Shahram Askarpour 67 2022 2025 Director, President & Chief Executive Officer Glen R. Bressner 64 1999 2025 Director, Chairman of the Board Roger A. Carolin 69 2016 2025 Director Stephen L. Belland 67 2022 2025 Director Garry Dean 68 2024 2025 Director Directors Shahram Askarpour. Dr. Askarpour joined the Company as Vice President of Engineering in 2003, was promoted to President in March 2012, and was appointed as the Company's Chief Executive Officer, and joined the Company's Board, in January 2022. Dr. Askarpour has more than 40 years of aerospace industry experience in managerial and technical positions. Prior to joining the Company, he was employed by Smiths Aerospace (a division of Smiths Group plc), Instrumentation Technology, and Marconi Avionics. He holds a number of key patents in the aviation field. Dr. Askarpour received his engineering education in the United Kingdom, and received an undergraduate degree in Electrical Engineering from Middlesex University, a post graduate Certificate of Advanced Study in Systems Engineering, and a PhD in Automatic Control from Brunel University London. He was awarded the title of Associate Research Fellow for three consecutive years by Brunel University and has published numerous papers in leading international, peer reviewed journals. In addition, he has completed management courses at Carnegie Mellon University and finance courses at the Wharton School of the University of Pennsylvania. Glen R. Bressner. Mr. Bressner is the co-founder and Managing Partner of Activate Venture Partners, an early-stage focused venture capital firm that has evolved from a series of affiliated venture funds that he is a co-founder of, beginning in 1985. Mr. Bressner has b

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