Innovative Solutions and Support, Inc. (IA) completed the acquisition of all outstanding membership interests in Sparton Aydin, LLC, which does business as Aydin Displays, on July 21, 2026. The cash consideration at closing was $24.5 million, subject to customary working-capital and transaction-expense adjustments.
Aydin reported net sales of $16.33 million and net income of $882,000 for 2025. For the six months ended June 30, 2026, it reported net sales of $7.302 million and a net loss of $69,000. Five customers accounted for 76% of sales in that six-month period, compared with 72% in 2025; the customers were not all the same across the periods.
Unaudited pro forma combined results for the nine months ended June 30, 2026 show net sales of $83,746,073 and net income of $10,690,456. These figures are illustrative, not actual combined results, and exclude potential synergies, cost savings and integration costs. The preliminary purchase-price allocation is expected to be completed by the end of the calendar year.
Innovative Solutions & Support Inc. Chief Financial Officer Jeffrey DiGiovanni had 911 shares of Common Stock withheld by the issuer on September 30, 2026, to satisfy tax obligations tied to restricted stock unit vesting. The reported price was $18.57 per share, and his direct holdings after the transaction were 84,847 shares.
INNOVATIVE SOLUTIONS & SUPPORT INC (IA) filed an amended current report to disclose its decision on how often to hold advisory votes on executive compensation. At the 2026 Annual Meeting on April 16, 2026, stockholders cast a non-binding advisory vote on the frequency of future say‑on‑pay votes, with 7,023,647 shares favoring an annual vote, 44,335 shares favoring a vote every two years, 2,234,972 shares favoring a vote every three years, and 71,071 shares abstaining.
In light of these results, the Board of Directors determined that the company will hold future say‑on‑pay votes on an annual basis, until the next required advisory vote on the frequency of say‑on‑pay votes, which must occur at least once every six years. The amendment makes no other changes to the original report.
INNOVATIVE SOLUTIONS & SUPPORT INC (IA) reported that Chief Executive Officer Shahram Askarpour had 1,159 shares of common stock withheld on August 31, 2026 by the company at $19.00 per share to satisfy his tax obligations arising from the vesting of restricted stock units. This was a tax-withholding disposition rather than an open-market sale, and Askarpour continues to hold 493,876 shares of common stock directly after the transaction. No Rule 10b5-1 trading plan is reported.
INNOVATIVE SOLUTIONS & SUPPORT INC (IA) reported that Chief Financial Officer Jeffrey DiGiovanni had 480 shares of common stock withheld on August 31, 2026 to satisfy tax obligations arising from the vesting of restricted stock units. The shares were withheld by the issuer at a value of $19.00 per share, leaving him with 85,758 shares held directly after this tax-withholding event. No Rule 10b5-1 trading plan is reported for this transaction.
INNOVATIVE SOLUTIONS & SUPPORT INC (IA) director Glen R. Bressner reported acquiring 2,500 shares of common stock on August 31, 2026 through a grant, award, or other acquisition. The shares were purchased in multiple open-market transactions at a weighted average price of $19.6945 per share, within a range of $19.63 to $19.66. Following this acquisition, Bressner directly holds a total of 156,155 common shares. No Rule 10b5-1 trading plan is reported for this transaction.