Corporate GovernanceApr 29, 2026, 04:40 PM
CVU Amends 10-K for Executive Compensation, Corporate Governance
AI Summary
CPI Aerostructures Inc. filed a 10-K/A to amend Part III of its Form 10-K, providing updated information on directors, executive officers, corporate governance, executive compensation, and security ownership. This amendment was necessary due to the definitive proxy statement for the 2026 Annual Meeting not being filed within 120 days after the fiscal year ended December 31, 2025. The filing details executive compensation for 2024 and 2025, outlines director compensation, and notes minor Section 16(a) reporting non-compliance for two executives.
Key Highlights
- CEO Dorith Hakim's total compensation was $643,405 in 2025 and $841,913 in 2024.
- CFO Robert Mannix appointed in December 2025; former CFO Philip Passarello departed July 2025.
- Non-executive directors receive annual compensation ranging from $100,000 to $200,000.
- Pamela Levesque and Dorith Hakim had minor Section 16(a) reporting non-compliance in 2025.
- 845,983 securities remain available for future issuance under equity compensation plans.
- All current directors and named executive officers as a group beneficially own 9.9% of common stock.
Price Impact
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