Welcome to our dedicated page for Air Industries SEC filings (Ticker: AIRI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Air Industries Group (AIRI) brings together the company’s regulatory disclosures as a Nevada-incorporated aerospace and defense manufacturer listed on the NYSE American. Through its Forms 10-K, 10-Q, 8-K and related exhibits, investors can review how Air Industries reports on its precision components and assemblies business serving large aerospace and defense prime contractors.
In its filings, the company provides details on net sales, gross profit, operating income or loss, net income or loss, and liquidity, as well as discussions of backlog, bookings, and cost trends. Air Industries also discloses its use of the non-GAAP measure Adjusted EBITDA, explaining how it adjusts GAAP results for interest expense, depreciation, amortization, stock-based compensation, and certain nonrecurring items. These explanations help readers understand the differences between GAAP and non-GAAP performance metrics.
Recent Form 8-K filings cover topics such as quarterly and annual financial results, amendments to the Loan and Security Agreement with Webster Bank, and changes to the company’s articles of incorporation and bylaws. For example, Air Industries has reported waivers of certain financial covenant defaults, an extension of loan maturities to March 31, 2026, requirements to maintain at-the-market offering proceeds in an interest-bearing account as security, and an increase in authorized common shares.
On this page, users can access real-time updates from EDGAR, including current and historical 10-K and 10-Q reports, 8-K event disclosures, and other documents. AI-powered summaries can help interpret lengthy filings by highlighting key items such as covenant changes, capital structure modifications, and management’s discussion of operations, while links to Forms 3, 4, and 5 provide visibility into insider share transactions when available.
Air Industries Group reported 2025 net sales of $47.9 million but a net loss of $1.3 million, as it continues to invest in capacity and faces high fixed costs. Funded backlog reached $136.8 million, up 16.0%, with total unfilled contract value of $270.1 million, supporting future revenue visibility.
The company is highly leveraged, with indebtedness of about $25.2 million at year-end 2025 and a going concern explanatory paragraph from its auditor. Its main credit facility with Webster Bank matures in September 2026, and Webster has indicated it does not want to renew, forcing refinancing under uncertain terms.
To address the balance sheet and pursue growth, Air Industries agreed to acquire Tenax Aerospace Acquisition via stock. Based on year-end net indebtedness, it would issue approximately 112.5 million shares, leaving Tenax members owning about 95% of the common stock after closing, a transformative but highly dilutive transaction subject to significant closing conditions.
Air Industries Group shareholder Charles L. Frischer has filed a Schedule 13D disclosing a 9.4% ownership stake in the company. He reports beneficial ownership of 449,998 common shares, based on 4,775,777 shares outstanding as of November 12, 2025.
Frischer states he invested approximately $1,461,479.75 of personal funds to acquire his position, describing his principal business as private investing. He indicates he may engage with management, the board and other shareholders on the company’s business, governance, management and strategy, and could consider seeking board representation, management changes or strategic transactions depending on future conditions.
Air Industries Group announced leadership changes in its senior management. On March 18, 2026, the Board appointed Scott Glassman as Acting Chief Executive Officer and President, in addition to his ongoing responsibilities as President of each subsidiary. He previously served as Chief Financial Officer, Principal Accounting Officer and Secretary and currently receives an annual salary of $231,000.
At the same time, the Board appointed Brian Drisgula as Vice President of Finance and Secretary of the company, and as Treasurer and Secretary of each subsidiary. He has extensive finance experience in aerospace, defense and pharmaceuticals and is employed at will with a current annual salary of $165,000.
Air Industries Group reported that Lou Melluzzo resigned as Chief Executive Officer and President, and from all other positions with the company and its subsidiaries, effective March 11, 2026. The company stated that his resignation was not due to any disagreement regarding operations, policies, or practices, financial or otherwise. A Separation and Release Agreement dated March 13, 2026, between the company and Mr. Melluzzo, is filed as an exhibit to this report.
Air Industries Group entered into an Eleventh Amendment to its Loan and Security Agreement with Webster Bank. This amendment extends the maturity date of the company’s revolving credit and term loans to September 30, 2026. The detailed terms and conditions are contained in the Eleventh Amendment, which is filed as an exhibit.
TAGLICH ROBERT reported acquisition or exercise transactions in this Form 4 filing.
Air Industries Group director and 10% owner Robert Taglich received an equity award of 12,159 restricted stock units on February 12, 2026. Each RSU represents one share of common stock and vested upon grant, with settlement tied to the first anniversary of the award date or a qualifying change in control, and no later than eighteen months after the award date. Following this award, he also directly holds common stock, stock options and convertible notes as reported in the filing.
Air Industries Group director and 10% owner Michael N. Taglich reported an equity award and updated his holdings. On February 12, 2026, he acquired 12,159 restricted stock units (RSUs) for no cash cost, each representing one share of common stock at settlement.
The RSUs vested upon grant and will be settled on the later of the first anniversary of the award date or a qualifying change in control, and if no change in control occurs by the 18‑month anniversary, they settle at that time. After this grant, Taglich directly beneficially owns 455,843 shares of common stock, in addition to RSUs, stock options and convertible notes convertible into common stock as outlined in the filing.
Brand Michael reported acquisition or exercise transactions in this Form 4 filing.
Air Industries Group director Michael Brand received an equity award in the form of restricted stock units. On 02/12/2026, he was granted 12,159 RSUs, each representing one share of common stock, with no cash paid per unit.
The RSUs vested upon grant and will be settled in shares on the later of the first anniversary of the award date or a qualifying change in control, and in any event by the eighteen-month anniversary if no change in control occurs. Following this award, Brand also holds common stock and several fully exercisable stock option positions shown as existing holdings.
Air Industries Group director Michael Porcelain reported an equity award and updated holdings. On February 12, 2026, he acquired 60,791 restricted stock units, each representing one share of common stock, at a price of $0 per unit.
The RSUs vested upon grant and will be settled on the later of the first anniversary of the award date or a qualifying change in control, or otherwise on the 18‑month anniversary of the award date. Following this award, he directly beneficially owns 71,267 shares of common stock and holds several fully exercisable stock option positions with various strike prices and expirations.
Air Industries Group Chief Financial Officer Scott Glassman reported an equity award on February 12, 2026. He acquired 12,159 restricted stock units (RSUs) at a price of $0 per unit as a grant or award. Each RSU represents the right to receive one share of common stock at settlement.
The new RSUs vested upon grant and will be settled on the later of the first anniversary of the award date or a qualifying change in control, but no later than 18 months after the award date. Following this grant, Glassman directly holds 12,159 RSUs from this award, 40,854 RSUs from a prior award, stock options over several blocks of shares, and 11,982 shares of common stock.