SCHEDULE: Significant Ownership Stakes Disclosed in CPI Aerostructures by Calm Waters Partnership and Richard S. Strong

Calm Waters Partnership and Richard S. Strong have disclosed significant beneficial ownership stakes in CPI Aerostructures Inc., holding 5.6% and 6.8% of the common stock, respectively.

Summary

• Calm Waters Partnership, a Wisconsin general partnership, beneficially owns 721,320 shares of CPI Aerostructures Inc. common stock, representing 5.6% of the total class.
• Richard S. Strong, a United States citizen, beneficially owns 881,320 shares of CPI Aerostructures Inc. common stock, representing 6.8% of the total class.
• Both Calm Waters Partnership and Richard S. Strong hold shared voting and shared dispositive power over their respective reported shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
• The reporting persons certify that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, with the exception of activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 5

Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or outlook. It simply reports ownership stakes.

Positives

• The disclosure of significant ownership by institutional or individual investors can signal confidence in the company's long-term prospects.
• The combined ownership of Calm Waters Partnership and Richard S. Strong represents a notable block of shares, potentially indicating a committed investor base.

Risks

• While the filing states that the securities were not acquired for the purpose of changing or influencing control, the exception for activities solely in connection with a nomination under Rule 240.14a-11 suggests a potential for future engagement in corporate governance matters, such as board nominations.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence perceptions of investor confidence and potential future shareholder activism.
• Management: Awareness of significant shareholders can influence strategic decisions and engagement with the investor base.

Next Steps

• The reporting persons will be required to file further amendments to this Schedule 13G if their beneficial ownership percentage changes significantly (e.g., by more than 1% of the class).

Key Dates

Keywords

CPI Aerostructures, Beneficial Ownership, Schedule 13G, Common Stock, Calm Waters Partnership, Richard S. Strong, SEC Filing, Aerospace, Defense, Investment, Shareholder