Welcome to our dedicated page for CPI AEROSTRUCTURES SEC filings (Ticker: CVU), 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.
CPI Aerostructures, Inc. filings document the company's operating results, aerospace manufacturing disclosures, financing arrangements and governance changes. Recent Form 8-K reports furnish quarterly and annual financial results, report material definitive agreements, and disclose officer appointments, indemnification arrangements and compensatory matters tied to finance leadership roles.
The filing record also includes disclosures about credit facilities secured by subsidiary guarantees from Welding Metallurgy, Inc. and Compac Development Corporation, Form 12b-25 notice of delayed quarterly reporting, NYSE American-related communications about unusual trading activity, annual meeting timing and exhibit filings. These documents frame the company's capital structure, reporting status, subsidiary obligations and public-company governance.
CPI Aerostructures Inc (CVU) reported that director and former CFO Pamela Levesque had shares withheld to cover taxes on equity compensation. On December 1, 2025, an aggregate of 8,125 shares of common stock were withheld by the company to satisfy tax withholding obligations related to the vesting of restricted stock awards granted for her service as Interim Chief Financial Officer. After this withholding, she directly held 67,614 shares of common stock. The filing states that these transactions were not made under a Rule 10b5-1 trading plan.
CPI Aerostructures, Inc. (CVU) reported the results of its September 16, 2026 annual meeting of shareholders, where three proposals were considered. Shareholders elected Class I directors Richard Caswell and Terry Stinson to three-year terms, approved on an advisory basis the compensation of the Named Executive Officers, and ratified CBIZ CPAs P.C. as independent registered public accounting firm for the fiscal year ending December 31, 2026.
CPI Aerostructures reported much stronger results for the quarter and six months ended June 30, 2026. For the second quarter, revenue was $17.6 million versus $15.2 million a year earlier, while gross profit rose to $3.9 million from $0.7 million and gross margin expanded to 22.0% from 4.4%.
Second-quarter bottom line improved from a net loss of $(1.3) million to net income of $0.7 million, with earnings per share moving from $(0.10) to $0.05. For the first six months, revenue increased to $34.9 million from $30.6 million and net income improved from a $(2.6) million loss to $1.9 million. Adjusted EBITDA for the first half was $3.5 million, compared with $(2.5) million, even after normalizing for the prior-year A-10 program impact.
Management cited a more favorable product mix, stronger operational execution, and cost discipline as key drivers. CPI Aerostructures highlighted a $533 million total backlog, including more than $100 million of funded remaining performance obligations and $433 million of unfunded backlog, plus $62 million in 2026 contract awards for new-generation products.
CPI Aerostructures reported a return to profitability for the quarter ended June 30, 2026. Q2 revenue was $17,581,532, up 15.8% year over year, with net income of $685,615 versus a loss in the prior-year quarter. Gross margin improved sharply to 22.0%, driven in part by the absence of prior-year A-10 program termination adjustments, though 2026 results still reflect unfavorable estimate changes on certain Embraer and Sikorsky programs.
For the first six months of 2026, revenue was $34,941,472 and net income $1,922,333, with a 23.9% gross margin. Total backlog grew to $533,136,000, including $508,779,000 tied to government and military work, providing multi‑year visibility. Cash stood at $835,875 with working capital of $23,488,549, and total debt under the Western Alliance Bank facilities was $19,111,172. Management states that liquidity is expected to cover needs for at least 12 months and reports that disclosure controls and internal control over financial reporting were effective as of June 30, 2026.
CPI Aerostructures, Inc. is asking shareholders to elect two Class I directors, approve an advisory Say on Pay resolution, and ratify CBIZ CPAs P.C. as auditor for the fiscal year ending December 31, 2026 at its annual meeting on September 16, 2026. Shareholders of record on July 22, 2026, when 13,249,734 common shares were outstanding, may vote.
The proxy describes a staggered, largely independent board with an independent chair, fully independent key committees, director stock-ownership requirements, and an insider-trading policy that restricts hedging. Named Executive Officers receive salary, annual performance-based cash bonuses, and multi-year restricted stock tied to Company metrics such as revenue, free cash flow, accounts payable delinquency, bank debt less cash, and net profit.
In 2025, CEO Dorith Hakim’s total compensation was $643,405, while pay-versus-performance disclosure shows compensation actually paid of $412,480 versus net income of ($843,361) and a total shareholder return value of $123.75 on a $100 base. Aggregate 2025 audit and related fees to CBIZ and Marcum were $657,350. Outstanding equity plans have 845,984 shares available for future awards, and current directors and executive officers together beneficially own 1,369,117 shares, or 10.3% of the common stock, alongside two outside holders above 5%.
ROYCE & ASSOCIATES reports beneficial ownership of common stock of CPI Aerostructures, Inc. as an institutional investor. It holds 835,632 shares of common stock, representing 6.33% of the class as of June 30, 2026.
ROYCE & ASSOCIATES, a New York corporation, has sole voting power and sole dispositive power over all 835,632 shares, with no shared voting or dispositive power. The position is held in the ordinary course of business, not for the purpose of changing or influencing control of CPI Aerostructures.
The shares are beneficially owned through one or more registered investment companies or managed accounts that are investment management clients of Royce & Associates, LP, an indirect majority-owned subsidiary of Franklin Resources, Inc. Royce & Associates disclaims any pecuniary interest and does not consider itself part of a group for Section 13 purposes.
Calm Waters Partnership and Richard S. Strong report their beneficial ownership of CPI Aerostructures Inc. common stock. Calm Waters has shared voting and dispositive power over 496,000 shares, representing 3.8% of the common stock class.
Richard S. Strong beneficially owns 656,000 shares, or 5.0% of the class. He holds 160,000 shares with sole voting and dispositive power and shares voting and dispositive power over 496,000 shares with Calm Waters. The reporting persons list a joint contact address in Milwaukee, Wisconsin.
Hakim Dorith reported acquisition or exercise transactions in this Form 4 filing.
CPI Aerostructures CEO Dorith Hakim received 2,876 shares of Common Stock, issued at no cost as an equity award. According to the filing, these shares were granted to correct an administrative error in a previous grant under the company’s Amended and Restated 2016 Long-Term Incentive Plan.
After this correction, Hakim now directly holds 301,205 shares of CPI Aerostructures Common Stock. This is a compensation-related adjustment rather than an open-market purchase or sale, so it mainly updates her reported ownership level.
CPI Aerostructures, Inc. increased executive base salaries following action by its Compensation and Human Resources Committee. The annual base salary of CEO and President Dorith Hakim was raised from $405,000 to $425,000, effective as of May 1, 2026. The annual base salary of CFO and Secretary Robert Mannix was increased from $300,000 to $325,000, effective as of July 1, 2026. These changes reflect updated compensation levels for the company’s two most senior executives.