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CPS Technologies director Ralph M. Norwood exercised stock options and had shares withheld for taxes. He exercised options for 20,000 shares of Common Stock at $1.555 per share, converting a derivative position into common shares. To cover tax obligations, 7,199 shares of Common Stock were disposed of at $4.32 per share as a tax-withholding transaction, not an open-market sale. After these transactions, he directly holds 59,519 shares of Common Stock.
CPS Technologies Corporation filed a Form 3 for Christopher Stuart Fraser, identifying him as Chief Financial Officer and a reporting insider. The filing data provided does not list any specific equity transactions or detailed holdings for him.
CPS Technologies Corp. appointed Christopher S. Fraser as Chief Financial Officer, with responsibilities beginning on May 18, 2026, succeeding Charles K. Griffith Jr., who will retire at the end of May after a brief transition period.
Mr. Fraser will receive an annual base salary of $270,000, eligibility for the Company’s annual bonus program starting with the 2026 fiscal year, and a stock option grant for 60,000 shares of common stock, vesting in four equal annual installments. He will also receive a $25,000 relocation payment, standard employee benefits, and participate in the Company’s 401(k) and health plans on the same terms as other employees.
Under a change of control severance agreement, Mr. Fraser is entitled to 12 months of salary continuation and reimbursement of the Company-paid portion of COBRA premiums if he is terminated other than for cause in connection with a change of control, along with full acceleration of any unvested stock options, subject to specified conditions and restrictive covenants.
CPS Technologies reported weaker results for the fiscal first quarter ended March 28, 2026. Revenue was $7.0 million compared with $7.5 million a year earlier, mainly from order timing. Gross profit fell to $0.6 million, or 8.6% of revenue, versus $1.2 million and 16.4%.
The company posted a net loss of $(0.3) million, or $(0.02) per diluted share, versus net income of $0.1 million, or $0.01 per diluted share in the prior-year quarter. Management cited the effect of lower revenue on fixed costs and cost accounting tied to adding over $1.5 million to inventory ahead of a planned move to a larger manufacturing complex.
CPS highlighted new business, including the U.S. Navy’s decision to exercise a 6‑month, $100,000 Phase I SBIR option and a $4 million hermetic packaging order. Cash and cash equivalents were $5.7 million and marketable securities were $6.8 million, with stockholders’ equity of $24.4 million as of March 28, 2026.
CPS Technologies Corp. reported results of its 2026 Annual Meeting of Stockholders, where all proposals received strong support. Stockholders elected five directors, each receiving in excess of 70% of votes cast, and turnout represented 60.6% of the 18,006,963 common shares outstanding and eligible to vote.
Stockholders approved, on an advisory basis, named executive officer compensation with 6,460,547 votes for, or 95.2%. They also preferred advisory votes on executive pay every year, with 4,622,574 votes, or 68.1%. An amendment to increase authorized common shares from 20,000,000 to 25,000,000 was approved with 10,332,062 votes for, or 94.7%.
Stockholders ratified the selection of the independent registered public accounting firm with 10,611,452 votes for, or 97.3%. Following the meeting, the Board elected I. James Cavoli to serve as chairman of the Board until the Board meeting following the next annual meeting of stockholders and until his successor is elected and qualified.
CPS Technologies reported a Q1 2026 net loss of $294,179, compared with net income of $95,962 a year earlier, as softer demand from a major customer reduced sales and margins. Revenue declined to $7.0 million from $7.5 million, while gross margin compressed to 9% of sales from 16%, reflecting lower volume, gold-priced product at minimal margin, and higher R&D spending.
Operating loss was $523,000 versus operating income of $130,000 in Q1 2025. The company ended the quarter with $5.7 million in cash and $6.8 million in marketable securities, no borrowings on its $3.0 million credit line, and inventories up to $7.1 million as it builds stock for a key customer and a potential facility move. Management expects existing cash and operations to fund 2026, but notes customer concentration, inflation and macro uncertainty as ongoing risks.
CPS Technologies Corp. is asking stockholders to vote at the April 30, 2026 annual meeting in Boston on several key items, including electing five incumbent directors and approving an advisory “say‑on‑pay” vote plus its frequency.
The Board also seeks approval to amend the Certificate of Incorporation to increase authorized common shares from 20,000,000 to 25,000,000, providing added flexibility for incentives, capital raising and potential acquisitions. As of March 11, 2026, 18,006,963 common shares were issued and outstanding.
Stockholders are additionally asked to ratify PKF O’Connor Davies LLP as independent auditor for fiscal 2026. The proxy highlights 2025 results, with revenue of $32.6 million versus $21.1 million in 2024 and net income of $0.4 million compared with a $3.1 million loss in 2024, and explains related executive pay decisions, including bonuses and stock option grants.
CPS Technologies director Ivo James Cavoli reported an open-market purchase of the company’s common stock. On this transaction date, he bought 2,315 shares at a price of $3.855 per share. Following the purchase, he directly owns 53,000 shares of CPS Technologies common stock.
CPS Technologies Corp. is soliciting proxies for its 2026 Annual Meeting of Stockholders to be held on April 30, 2026 at 10:00 a.m. for holders of record as of March 11, 2026.
Agenda items include election of five directors, an advisory say-on-pay vote and frequency vote, an amendment to increase authorized common shares from 20,000,000 to 25,000,000, and ratification of PKF O’Connor Davies LLP as auditor. The Company reported $32.6 million revenue and $0.4 million net income for fiscal 2025, and had 18,006,780 shares outstanding as of the Record Date.
CPS Technologies director Francis J. Hughes Jr. reported exercising stock options to acquire common shares. On 2/19/2026, he exercised 15,000 Common Stock Options at $1.83 per share, converting them into 15,000 shares of Common Stock at the same price.
After these transactions, he directly holds 113,100 Common Stock Options and 453,009 shares of Common Stock. A footnote explains that paperwork and payment were provided on 2/19/2026, while the transfer agent issued the shares on 3/4/2026 due to a blizzard.