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 director David Buonanno received a grant of 12,159 restricted stock units (RSUs) on February 12, 2026. Each RSU represents one share of common stock and vested upon grant, but will be settled in shares on the later of the first anniversary of the award date or a qualifying change in control, or at 18 months if no such event occurs. Following this award, he also directly holds 4,803 shares of common stock and several fully exercisable stock options with various exercise prices and expiration dates.
Air Industries Group director Peter Rettaliata reported an equity award and updated holdings. On 02/12/2026, he acquired 12,159 restricted stock units, each representing one share of common stock at a price of $0 per unit, classified as a grant or other acquisition. 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, with settlement no later than 18 months after the award date. Following the reported transactions, he holds 27,152 shares of common stock directly, along with several fully exercisable stock option positions with various exercise prices and expirations.
Air Industries Group president Luciano M. Melluzzo received a grant of 12,159 restricted stock units on February 12, 2026 as equity compensation. Each RSU represents one share of common stock and vested upon grant, with settlement scheduled for the later of the first anniversary of the award date or a qualifying change in control, or 18 months after the award date if no change in control occurs. The filing also reports previously granted RSUs from an August 26, 2024 award, with portions vesting or scheduled to vest in 2025, 2026 and 2027, as well as several fully exercisable stock option positions with exercise prices ranging from $3.43 to $13.9. Melluzzo additionally holds 42,199 shares of Air Industries Group common stock directly.
Air Industries Group is entering a transformative all‑stock merger with Tenax Aerospace Acquisition. Air will issue about 94.4 million shares of common stock, adjustable to roughly 112.5 million shares based on a debt-linked share price of about $3.44. After closing, Tenax members are expected to own approximately 95% of Air, with current Air shareholders holding about 5%, subject to stockholder approval of a charter amendment lifting authorized shares from 20 million to 200 million and approving the stock issuance.
The combined company, based on preliminary 2025 results, would have generated about $183.3 million of revenue and Adjusted EBITDA of roughly $65.0 million, with net debt near $380.0 million and expectations for 2026 revenue above $210.0 million and Adjusted EBITDA above $75.0 million. Protections for existing shareholders include a post‑closing tender offer for up to 1,000,000 shares at the debt‑adjusted share price if the pre‑closing trading price is lower, and a one‑year redemption right to sell shares back at 107.3% of that price if the stock underperforms. The deal includes mutual $1.25 million termination fees in certain scenarios and requires antitrust and other regulatory clearances.
Air Industries Group reported preliminary unaudited results for the year ended December 31, 2025, showing a net loss of $(1,305,000) but positive Adjusted EBITDA of $4,347,000. Adjusted EBITDA is calculated by adding back interest expense, non-cash charges, and stock compensation to net income.
For 2025, the company added interest expense of $1,841,000, stock compensation expense of $1,047,000, depreciation of $2,696,000, and amortization of $68,000 to reconcile to Adjusted EBITDA. These figures are preliminary and unaudited, and the company plans to file its full Form 10-K after completing its regular year-end audit.
Air Industries Group insider Michael N. Taglich filed Amendment No. 4 to his beneficial ownership report, showing control over 682,475 shares of common stock, representing 14.3% of the company’s outstanding shares based on 4,775,777 shares as of November 11, 2025.
The position includes shares already held, 23,620 shares issuable from options and warrants, and 203,012 shares issuable upon conversion of convertible notes. The amendment reflects changes since February 5, 2025, including shares received in lieu of director fees, option grants and expirations, note repayments, and transactions involving Taglich Brothers, Inc.
Robert Taglich filed Amendment No. 4 to his Schedule 13D on Air Industries Group, reporting beneficial ownership of 482,764 shares, or 10.1% of the company’s common stock. These holdings include shares issuable from options, warrants and convertible notes. Shares outstanding were 4,775,777 as of November 11, 2025.
The amendment covers activity between February 5, 2025 and the event date, reflecting purchases from Taglich Brothers, Inc., option grants from the company, expiration of prior options, payments on convertible notes, and sales of common stock by Taglich Brothers. Taglich reports sole voting and dispositive power over his beneficially owned shares.
Star Equity and affiliates have disclosed a 5.97% stake in Air Industries Group common stock. As of the latest disclosure, Star Equity Fund owns 85,000 shares and Jeffrey E. Eberwein holds 200,000 shares, for a combined 285,000 shares out of 4,775,777 shares outstanding as of November 12, 2025.
The group states they bought shares because they viewed them as undervalued and an attractive investment. They indicate they may buy or sell more stock and are open to discussing ways to maximize shareholder value, including potential changes to capitalization, ownership structure, board composition, operations, or possible strategic alternatives or business combinations.
Air Industries Group director and 10% owner Michael N. Taglich reported a change in his holdings of AIRI common stock on January 5, 2026. At a price of $2.84 per share, Taglich acquired 11,998 common shares in a transaction coded "J", and held 455,843 common shares directly after this trade.
Footnotes explain that Taglich Brothers, Inc., where he is Chairman and President, sold 11,998 shares to him and 11,998 shares to Robert Taglich, and that an entity associated with him disposed of 23,996 indirectly held shares, leaving him with no indirectly owned common stock after the transaction.
Taglich also reports derivative holdings, including several stock options on AIRI common stock with exercise prices ranging from $3.00 to $23.80 and expiration dates between 2026 and 2030, some of which vest in stages through May 31, 2026. In addition, he holds 6% convertible notes due July 1, 2026, which are convertible into 84,877, 110,323, and 7,812 common shares, reflecting principal and accrued interest through December 31, 2020.
Air Industries Group insider Robert Taglich, a director and 10% owner, reported a set of stock and note positions as of a transaction dated January 5, 2026. He acquired 11,998 shares of common stock at $2.84 per share in a direct transaction, bringing his directly held common stock to 287,737 shares. An additional 23,996 shares of common stock were reported as disposed of from an indirect holding at $2.84 per share, leaving zero shares in that indirect account. A footnote explains that Taglich Brothers, Inc., where he is Managing Director, sold 11,998 shares to him and 11,998 shares to Michael Taglich.
Taglich also reported multiple stock options with exercise prices ranging from $3.00 to $23.80 per share, including one grant that vests in stages through May 31, 2026 and other options that are exercisable in full. He further disclosed holdings of the issuer’s 6% convertible notes due July 1, 2026, which were received via amendment of prior 8% notes and include accrued interest through December 31, 2020. These notes are convertible into 50,772, 110,323, and 7,812 shares of common stock, respectively, and the reported principal amounts include the related accrued interest through that date.