Air Industries Group (AIRI) elevates CFO to acting CEO and adds VP Finance

Rhea-AI Filing Summary

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.

Insights

Corporate governance analyst

Air Industries reshuffles top management, elevating its CFO to acting CEO and strengthening finance leadership.

The company moved Scott Glassman from CFO to Acting CEO and President, signaling a preference for continuity and deep internal knowledge. His long tenure and prior roles in finance and accounting suggest the Board values operational familiarity during this transition.

Brian Drisgula steps into the Vice President of Finance and Secretary role after experience at other aerospace, defense and pharmaceutical companies. Together, these moves keep financial expertise at the center of leadership. Any longer-term CEO decision is not described here, so the lasting impact will depend on future Board actions and company performance.

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): March 18, 2026

AIR INDUSTRIES GROUP

(Exact Name of Registrant as Specified in its Charter)

Nevada		001-35927		80-0948413
State of Incorporation		Commission File Number		IRS Employer I.D. Number

1460 Fifth Avenue, Bay Shore, New York 11706

(Address of Principal Executive Offices)

Registrant’s telephone number: (631) 968-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001		AIRI		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 18, 2026, Mr. Scott Glassman was appointed by the Board of Directors of Air Industries Group (the “Company”) to the positions of Acting Chief Executive Officer and President of the Company. Mr. Glassman will also serve as President of each of the Company’s subsidiaries. Mr. Glassman was employed by the Company from 2007 to 2015 in various senior positions in the Company’s finance department and rejoined the Company in March 2019. Mr. Glassman was appointed to the positions of Chief Financial Officer, Principal Accounting Officer and Secretary of our Company on October 16, 2024, positions which he held until his appointment as Acting Chief Executive Officer and President. Mr. Glassman is currently paid an annual salary of $231,000.

Concurrent with the appointment of Mr. Glassman to the positions of Chief Executive Officer and President of the Company, the Board appointed Mr. Brian Drisgula to the positions of Vice President of Finance and Secretary of the Company. Mr. Drisgula will also serve as Treasurer and Secretary of each of the Company’s subsidiaries. Mr. Drisgula has been employed by the Company since October 2024, most recently serving as the Director of Finance. From April 2023 to October 2024, Mr. Drisgula served as a Senior Finance Manager at Circor International, Inc., a large aerospace and defense contractor listed on the New York Stock Exchange. Prior to joining Circor, from May of 2015 through February of 2023, Mr. Drisgula was a Plant Controller for Akorn, Inc, a publicly held generic pharmaceutical manufacturer. Mr. Drisgula holds a Bachelor of Science degree in Accounting from the State University of New York at Binghamton and has been licensed as a CPA by the State of New York since 2000. Mr. Drisgula is employed at will by the Company and his salary is currently $165,000 per year.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

1 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 20, 2026

	AIR INDUSTRIES GROUP
	By:	/s/ Scott Glassman
		Scott Glassman
		Chief Executive Officer

2

FAQ

What executive leadership changes did Air Industries Group (AIRI) disclose?

Air Industries Group appointed Scott Glassman as Acting CEO and President and named Brian Drisgula as Vice President of Finance and Secretary. Both will also hold key roles at the company’s subsidiaries, consolidating leadership across the organization’s corporate and subsidiary structure.

Who is Scott Glassman, the new Acting CEO of Air Industries Group (AIRI)?

Scott Glassman is Air Industries Group’s Acting CEO and President, previously serving as CFO, Principal Accounting Officer and Secretary. He has worked at the company in senior finance roles since 2007, with a return in 2019, and currently receives an annual salary of $231,000.

What role will Brian Drisgula play at Air Industries Group (AIRI)?

Brian Drisgula has been appointed Vice President of Finance and Secretary of Air Industries Group, and Treasurer and Secretary of its subsidiaries. He joined the company in October 2024 and brings prior aerospace, defense and pharmaceutical finance experience, with a current annual salary of $165,000.

Does Air Industries Group’s (AIRI) new CEO appointment affect its subsidiaries?

Yes. As Acting CEO and President of Air Industries Group, Scott Glassman will also serve as President of each subsidiary. Additionally, Brian Drisgula will act as Treasurer and Secretary for all subsidiaries, aligning executive leadership and finance oversight across the entire corporate group.

Are the new Air Industries Group (AIRI) executives employed under fixed-term contracts?

The filing specifies that Vice President of Finance and Secretary Brian Drisgula is employed at will, meaning there is no fixed-term employment contract. The document does not describe a separate employment agreement for Acting CEO and President Scott Glassman beyond noting his current salary.

What prior experience does Air Industries Group (AIRI) highlight for Brian Drisgula?

Air Industries notes that Brian Drisgula previously worked as a Senior Finance Manager at Circor International, an aerospace and defense contractor, and as a Plant Controller at Akorn, a generic pharmaceutical manufacturer. He also holds an accounting degree and has been a licensed New York CPA since 2000.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB