CPI Aerostructures shareholders back board, pay
CPI Aerostructures shareholders re-elected two Class I directors, backed executive pay on an advisory basis, and ratified CBIZ CPAs P.C. as 2026 auditor.
Rhea-AI Filing Summary
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.
Positive
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Negative
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8-K Event Classification
2 items: 5.07, 9.01
2 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Votes for Richard Caswell: 6,498,806 votes
Votes for Terry Stinson: 6,284,539 votes
Broker non-votes on director elections: 2,989,932 votes
+4 more
7 metrics
Votes for Richard Caswell
6,498,806 votes
Election as Class I director at 2026 annual meeting
Votes for Terry Stinson
6,284,539 votes
Election as Class I director at 2026 annual meeting
Broker non-votes on director elections
2,989,932 votes
For each Class I director nominee
Say-on-pay votes for
4,956,059 votes
Advisory approval of Named Executive Officer compensation
Say-on-pay votes against
984,836 votes
Advisory approval of Named Executive Officer compensation
Auditor ratification votes for
9,698,216 votes
Ratification of CBIZ CPAs P.C. for fiscal year ending December 31, 2026
Auditor ratification votes against
191,055 votes
Ratification of CBIZ CPAs P.C.
Key Terms
broker non-vote, independent registered public accounting firm, advisory basis, Class I directors
4 terms
broker non-vote financial
"For | | Authority Withheld | | Broker Non-Vote Richard Caswell | | 6,498,806"
A broker non-vote happens when a brokerage firm holds shares in street name for a client but does not cast a ballot on a particular shareholder item because the broker lacks discretionary authority to vote that matter. Think of it like a person who owns a ticket but the ticket-holder refuses to vote on some issues; the share counts for ownership but not for that vote, which can affect whether proposals reach the required number of votes or a quorum.
independent registered public accounting firm financial
"ratification of the appointment of CBIZ CPAs P.C. as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory basis financial
"approval, on an advisory basis, of the compensation of the Company’s Named Executive Officers"
Class I directors financial
"The Company’s board of directors nominated Richard Caswell and Terry Stinson for election as Class I directors."
Class I directors are the subset of a company’s board whose terms expire at a specific annual meeting under a staggered election system that divides directors into multiple groups with different re-election years. For investors this matters because staggered classes slow how quickly shareholders can replace the board, affecting takeover risk, governance change and the pace of corporate decisions — like rotating only part of a team instead of swapping everyone at once.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many broker non-votes occurred in CPI Aerostructures (CVU) 2026 director elections?
For each Class I director nominee, there were 2,989,932 broker non-votes recorded in the 2026 annual meeting vote results.
What corporate governance structure does CPI Aerostructures (CVU) use for its board?
The board is divided into three classes, with one class of directors elected each year and each class serving a three-year term. The Class I directors’ terms expired and were filled at the September 16, 2026 annual meeting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
