Cpi Aerostructures INC 8-K filings

CPI Aerostructures announced adjustments to the annual base salaries for its Chief Executive Officer and Chief Financial Officer, effective May 1 and July 1, 2026, respectively.

CPI Aerostructures, Inc. announced significant year-over-year improvements in its first quarter 2026 financial results, driven by favorable product mix and operational efficiencies.

CPI Aerostructures announced its fourth quarter and full year 2025 financial results, showing revenue and profit declines impacted by the A-10 program termination, but highlighted new contract wins and debt refinancing.

CPI Aerostructures, Inc. has secured a new $20 million credit facility with Western Alliance Bank, refinancing its existing debt and providing capital for general corporate purposes.

CPI Aerostructures, Inc. announced the appointment of Robert Mannix as its new Chief Financial Officer and Secretary, effective December 8, 2025.

CPI Aerostructures announced improved third-quarter performance with increased net income and EBITDA, while nine-month results were significantly impacted by the Boeing A-10 Program termination.

CPI Aerostructures, Inc. responded to unusual trading activity in its common stock, stating it is unaware of any material, undisclosed corporate developments.

CPI Aerostructures, Inc. reported a net loss for the second quarter and first half of 2025, primarily impacted by a $2.3 million write-off from the termination of the A-10 Program.

CPI Aerostructures, Inc. announced the appointment of Pamela Levesque as Interim Chief Financial Officer and Secretary, succeeding Philip Passarello, effective July 22, 2025.

CPI Aerostructures, Inc. announced that its shareholders approved the 2025 Long-Term Incentive Plan, elected three Class III directors, and ratified executive compensation and the appointment of its independent auditor at the annual meeting held on June 24, 2025.

CPI Aerostructures' first quarter 2025 results were negatively impacted by a $2.1 million pre-tax loss on its A-10 Program, leading to a net loss compared to the previous year's profit.

CPI Aerostructures announces a 4.9% salary increase for CEO Dorith Hakim, effective May 1, 2025.

CPI Aerostructures announces the resignation of Marcum LLP as its independent auditor and the engagement of CBIZ CPAs, effective April 24, 2025, due to Marcum's acquisition by CBIZ CPAs.

CPI Aerostructures extends its lease agreement for its Edgewood, New York facility for an additional five years, securing its operational base through April 2031.

CPI Aerostructures announces its fourth quarter and full-year 2024 financial results, showing a decrease in revenue but an increase in gross profit margin and adjusted EBITDA.

CPI Aerostructures has amended its Code of Ethics and Business Conduct to strengthen conflict of interest guidelines and enhance fair dealing and confidentiality practices.

CPI Aerostructures announced improved profitability for the third quarter of 2024, with increased gross margins and net income, despite a slight decrease in revenue compared to the same period last year.

CPI Aerostructures has successfully amended its credit agreement, extending the maturity date of its revolving line of credit to August 31, 2026, and reducing the base rate margin.

CPI Aerostructures has announced the appointment of Philip Passarello as its new Chief Financial Officer, effective August 20, 2024.

CPI Aerostructures has appointed Philip Passarello as its new Chief Financial Officer and Secretary, effective August 19, 2024, and has entered into an indemnification and severance agreement with him.

CPI Aerostructures announced a 21.9% increase in net income for the second quarter of 2024, driven by stronger operational performance and a favorable product mix, despite a marginal increase in revenue.

CPI Aerostructures has reached a settlement with the SEC regarding past financial restatements, agreeing to a cease-and-desist order and remediation efforts.

CPI Aerostructures held its annual shareholder meeting on June 19, 2024, where shareholders elected two Class II directors and approved executive compensation matters.

CPI Aerostructures' CEO, Dorith Hakim, received a 4.8% base salary increase to $385,000, effective May 1, 2024.

CPI Aerostructures has replaced its independent accountant, engaging Marcum LLP and dismissing RSM US LLP, effective June 17, 2024.

CPI Aerostructures experienced a decrease in revenue and profit in the first quarter of 2024 compared to the same period last year, primarily due to the completion of a major program and unfavorable mix.

CPI Aerostructures announced positive financial results for 2023, highlighted by a significant increase in net income due to a deferred tax asset valuation allowance reduction and increased revenue.

CPI Aerostructures has determined that its 2022 financial statements should no longer be relied upon due to errors in deferred tax accounting, requiring a restatement.

CPI Aerostructures has amended its credit agreement, extending the maturity date of its revolving credit line to August 31, 2025, while also reducing the maximum principal amount available over time.