Management ChangeApr 29, 2026, 04:39 PM
CVU Appoints Robert Mannix CFO; Former CFO & SVP Depart
AI Summary
CPI Aerostructures Inc. filed an amendment to its 2025 Form 10-K, updating Part III to include corporate governance, executive compensation, and security ownership details. Robert Mannix was appointed Chief Financial Officer and Secretary in December 2025, succeeding Philip Passarello, who departed in July 2025. The company also reported the departure of Paula Castellano, former Senior Vice President of Operations, and detailed 2025 compensation for its named executive officers and directors. The amendment was necessary due to a delay in filing the definitive proxy statement for the 2026 Annual Meeting of Shareholders.
Key Highlights
- Robert Mannix appointed Chief Financial Officer and Secretary in December 2025.
- Former CFO Philip Passarello and Senior VP Paula Castellano departed, forfeiting equity awards.
- CEO Dorith Hakim's total compensation for 2025 was $643,405.
- Pamela Levesque and Dorith Hakim had Section 16(a) beneficial ownership reporting compliance issues.
- Audit and Finance Committee members are independent and qualify as financial experts.
- 845,983 securities remain available for future issuance under equity compensation plans.
- John Curtis Rudolph holds 7.1% beneficial ownership (939,850 shares) as of April 28, 2026.
- Calm Waters Partnership holds 6.7% beneficial ownership (881,320 shares) as of April 28, 2026.
Price Impact
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