{"filings":[{"id":482557,"accession_number":"0001999371-26-010939","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2026-05-18T12:08:03+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q1 2026 revenue $17.4M, net income $1.2M vs loss of $1.3M prior year","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $17.4M (+13% YoY); gross profit $4.5M (25.8% margin vs 10.7%)","Net income $1.2M ($0.10 EPS) vs net loss ($1.3M) ($0.10 loss per share) in Q1 2025","Adjusted EBITDA $2.1M vs $(0.8)M; 53% growth excluding A-10 program impact","Backlog of $495M; preparing for production on new missile work","CEO cites favorable product mix and operational efficiencies as key drivers"],"consensus_eps_estimate":null,"consensus_eps_actual":0.09,"consensus_revenue_estimate":null,"consensus_revenue_actual":17359940.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115521,"accession_number":"0001999371-26-007364","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2026-03-31T23:59:59+00:00","items":["2.02","8.01","9.01"],"status":"ready","headline":"CPI Aero Q4 net income $0.7M, FY2025 net loss $0.8M on A-10 termination","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $19.4M (down 11% YoY), net income $0.7M ($0.05 EPS) vs $1.0M ($0.08 EPS) prior year.","FY2025 revenue $69.3M (down 14.5% from $81.1M), net loss ($0.8M) or ($0.07) per share.","A-10 program termination drove gross margin to 15.2%; adj. EBITDA ex A-10 was $5.5M vs $7.8M in 2024.","Debt refinanced Dec 2025 with Western Alliance Bank, maturity extended to Dec 2030, lower rate.","Backlog $505M; contract awards from Raytheon, Lockheed, USAF, Sikorsky across multiple programs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131944,"accession_number":"0001999371-25-020225","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-12-12T23:59:59+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"CPI Aerostructures enters $20M credit facilities with Western Alliance, repays BankUnited","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $10M revolving line and $10M term loan from Western Alliance Bank, maturing Dec 12, 2030.","Proceeds used to repay existing BankUnited credit facility in full; no prepayment penalty incurred.","Term loan funded at closing; quarterly installments start April 5, 2026; variable rate based on 1-month SOFR plus margin.","Facilities secured by substantially all assets of CPI and its subsidiaries WMI and Compac.","Financial covenants include minimum Fixed Charge Coverage Ratio of 1.25x and max Funded Leverage Ratio starting at 3.75x."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131943,"accession_number":"0001999371-25-019911","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-12-09T23:59:59+00:00","items":["1.01","5.02","9.01"],"status":"ready","headline":"CPI Aerostructures appoints Robert Mannix as CFO and Secretary effective Dec 8, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Robert Mannix named CFO and Secretary; succeeds interim CFO Pamela Levesque.","Base salary $300,000; target bonus 40% of base; LTIP 40% of base in restricted stock (50% time-vest, 50% performance-vest).","Mannix has over 30 years experience; most recently EVP and CAO at West Technology Group (2018-2025).","Entered into standard indemnification agreement and a severance/change-in-control agreement with severance of 26-52 weeks salary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131942,"accession_number":"0001999371-25-017755","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q3 net income up 49% to $1.1M; debt at all-time low","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 revenue $19.3M (flat YoY); gross margin improved to 22.3% from 21.7%.","Q3 net income $1.1M ($0.09 EPS) vs $0.7M ($0.06 EPS); EBITDA $1.9M vs $1.7M.","Nine-month net loss of $1.5M vs income $2.3M, impacted by Boeing A-10 termination.","Debt reduced to $15.9M; backlog $509M; new Raytheon award for missile wing assemblies."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":49848818.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":131941,"accession_number":"0001999371-25-016567","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-10-30T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aero issues statement on unusual trading activity; no material undisclosed developments","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Responding to NYSE American request after unusual trading in CVU common stock on Oct. 30, 2025.","Internal review confirms no material, undisclosed corporate developments to explain the activity.","Earlier press release disclosed Raytheon order for missile wing assemblies; order is ordinary course similar to prior orders.","Company will continue to monitor trading and comply with disclosure obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148520,"accession_number":"0001999371-25-011680","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-08-19T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q2 2025 revenue $15.2M, net loss $1.3M, A-10 write-off $2.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $15.2M vs $20.8M YoY; net loss $1.3M vs profit $1.4M; EPS loss $0.10 vs $0.11 profit.","A-10 Program write-off of $2.3M in Q2 due to Boeing termination; total six-month impact $4.5M.","Adjusted EBITDA loss $1.7M; without A-10 impact $0.6M positive.","Debt reduced to $16.2M (all-time low); backlog $506M with new awards from Raytheon, Sikorsky, Lockheed, US Air Force, Embraer.","Material weakness in internal control over financial reporting related to debt covenant; no bearing on results, remediation underway."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.21,"consensus_revenue_estimate":null,"consensus_revenue_actual":30579716.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148519,"accession_number":"0001999371-25-010106","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-07-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"CPI Aerostructures appoints Pamela Levesque as interim CFO; Philip Passarello resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Passarello resigned as CFO/Secretary July 22, 2025; remains VP of Finance for transition.","Pamela Levesque, director since Oct 2023, appointed interim CFO and Secretary effective July 22, 2025.","Levesque receives $350k annual base salary plus monthly vested shares valued at $17,500.","Levesque no longer eligible for non-employee director compensation; left audit and nominating committees."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167354,"accession_number":"0001999371-25-008269","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["5.02","5.07","9.01"],"status":"ready","headline":"CPI Aerostructures shareholders approve 2025 long-term incentive plan, elect three Class III directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved 2025 Long-Term Incentive Plan authorizing up to 800,000 shares of common stock for equity awards.","Plan features include minimum one-year vesting, prohibition on repricing underwater options, and annual cap of $225K for non-employee directors.","Class III directors Carey Bond, Michael Faber, and Dorith Hakim elected; Hakim received 7,462,351 votes for (highest).","Advisory say-on-pay approved with 5,822,280 votes for, 1,713,833 against; plan adoption passed with 5,417,843 for, 2,143,803 against.","Ratification of CBIZ CPAs as independent auditor for fiscal 2025 approved with 10,610,180 votes for."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167353,"accession_number":"0001999371-25-006252","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-05-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q1 net loss $1.3M after $2.1M A-10 program charge; revenue falls to $15.4M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $15.4M vs $19.1M in Q1 2024; net loss of $1.3M vs net income of $0.2M.","A-10 program pre-tax loss of $2.1M due to higher manufacturing costs on 2019 fixed-price contract.","Excluding A-10 impact, gross margin was 21.6% vs 18.6% prior year; income before tax was $0.5M.","Debt reduced to $16.7M (all-time low); Debt-to-Adjusted EBITDA ratio 2.9, ninth consecutive quarter below 3.0.","Backlog $516M with new awards from L3Harris, Raytheon, Lockheed, Embraer."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":15400608.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167352,"accession_number":"0001999371-25-005786","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-05-09T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"CPI Aerostructures raises CEO base salary to $405,000 effective May 1, 2025","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO Dorith Hakim's base salary increased 4.9% to $405,000.","Increase effective May 1, 2025, approved by Compensation Committee on May 8, 2025.","No other changes to CEO compensation or other officers disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167351,"accession_number":"0001999371-25-004802","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-04-25T23:59:59+00:00","items":["4.01","9.01"],"status":"ready","headline":"CPI Aerostructures replaces auditor Marcum with CBIZ CPAs after Marcum's attest-asset sale","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Marcum LLP resigned April 24, 2025, effective immediately, due to CBIZ CPAs acquiring Marcum's attest business.","Audit committee approved engagement of CBIZ CPAs as independent auditor for fiscal year ending December 31, 2025.","No disagreements or reportable events occurred between CPI and Marcum during FY2024 or subsequent interim period.","Marcum's audit report for FY2024 was unqualified; no adverse opinion or scope limitation."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167350,"accession_number":"0001999371-25-004345","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-04-17T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures extends headquarters lease to April 30, 2031 with escalating rent","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Monthly base rent ranges from $181,782 (May 2026-Apr 2027) to $204,597 (May 2030-Apr 2031).","Annual rent for year one of extension: $2,181,384; year five: $2,455,167.","Landlord to fix drainage, roof, and HVAC within 120 days at its sole cost.","Lease term extended 5 years from prior expiration of April 30, 2026.","No broker involved; parties represent no existing defaults under the lease."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":184666,"accession_number":"0001999371-25-003535","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aero Q4 revenue $21.8M, adj net income up 22% YoY; FY backlog $510M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $21.8M (down 7% YoY); gross margin improved to 20.0% from 17.4%.","Adjusted net income $1.4M ($0.11 EPS) vs $0.6M ($0.05 EPS) in Q4 2023.","Full-year 2024 revenue $81.1M; adjusted net income $3.7M, up 22% from $3.0M.","Debt reduced to $17.4M from $20.1M; Debt/Adjusted EBITDA ratio 2.2x.","Backlog $510M with new program awards from L3Harris, Raytheon, Embraer."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.1,"consensus_revenue_estimate":null,"consensus_revenue_actual":15400608.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201246,"accession_number":"0001839882-24-039777","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-11-18T23:59:59+00:00","items":["5.05","9.01"],"status":"ready","headline":"CPI Aerostructures amends Code of Ethics and Business Conduct effective Nov 12, 2024","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Expanded conflict of interest guidelines; directors and executive officers must seek Audit and Finance Committee authorizations.","Enhanced sections on fair dealing, confidentiality, and protection/use of company assets.","Includes administrative and clarifying adjustments to reflect current regulatory expectations and best practices.","Amended Code filed as Exhibit 14.1, effective November 12, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201245,"accession_number":"0001999371-24-014677","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-11-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q3 net income up 149% to $0.7M; gross margin 21.7%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $19.4M (down 5% YoY); gross profit $4.2M; net income $0.7M ($0.06 EPS) vs $0.3M ($0.02 EPS).","Gross margin 21.7% vs 18.2% (350 bps improvement) on improved product mix and efficiencies.","Adjusted EBITDA $1.7M, up 15.6% from $1.4M; operating cash flow $0.7M vs $0.0M.","Debt reduced to $18.2M from $20.9M; Debt-to-Adjusted EBITDA ratio 2.5, seventh consecutive quarter below 3.0.","Received L3Harris award for Next Generation Jammer Low Band Pod; backlog $506M as of Sep 30, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":0.18,"consensus_revenue_estimate":null,"consensus_revenue_actual":59311356.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201244,"accession_number":"0001999371-24-014651","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-11-13T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"CPI Aerostructures extends credit revolver to Aug 2026; reduces interest margin to 2.0%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Maturity extended to August 31, 2026; Base Rate Margin reduced to 2.0% from 3.50%.","Revolving credit max principal steps down from $16.89M (Jan-Mar 2025) to $12.39M (Jul 2026 onward).","Outstanding revolver balance as of Nov 8, 2024: $17.64M.","Must deliver acceptable refinancing commitment by Dec 31, 2025, or pay 2% of outstanding balance by Jan 31, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217264,"accession_number":"0001999371-24-010412","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-08-20T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aerostructures appoints Philip Passarello as CFO, replacing Andrew Davis","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Passarello appointed CFO effective August 20, 2024; 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prior CFO Andrew Davis terminated without cause","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Philip Passarello, 45, appointed CFO and Secretary effective August 19, 2024; replaces Andrew Davis whose employment was terminated without cause.","Passarello will receive annual base salary of $350,000, eligibility for annual short-term cash and long-term equity incentive plans up to 40% each.","One-time equity award of 20,000 restricted shares vesting August 19, 2026; $100,000 in cash bonuses conditional on timely SEC filings.","Severance and change in control agreement provides for 12 months salary without cause, 1.5x salary in change in control termination.","Passarello previously VP of Finance at TTM Technologies and Telephonics; earlier career at KPMG."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":217262,"accession_number":"0001999371-24-010063","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-08-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"CPI Aerostructures Q2 net income up 21.9% to $1.4M, EPS $0.11, adjusted EBITDA $2.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 revenue $20.8M (flat YoY), gross margin 24.6% (+220 bps), net income $1.4M (+21.9%).","Adjusted EBITDA $2.6M (+25% YoY) but ops consumed $0.6M cash versus breakeven last year.","Six-month revenue $39.9M (-6.3% YoY), net income $1.6M (-23.8%), EPS $0.12 vs $0.17.","Debt reduced $2.4M YoY to $18.9M; Debt-to-Adjusted EBITDA ratio 2.7x, sixth quarter below 3.0.","Backlog $512M at June 30; CEO cites uptick in RFQs and expects continued program wins."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":39891477.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237075,"accession_number":"0001839882-24-019317","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-06-21T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"CPI Aerostructures settles SEC probe over 2018-2022 restatements; faces $400k penalty if remediation fails","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Settlement with SEC via cease-and-desist order; company neither admits nor denies findings.","Must fully remediate material weakness in ICFR and have effective controls by Dec 31, 2024.","If compliance fails, a $400,000 civil penalty is due to SEC by June 30, 2025.","SEC credited remedial actions: remediated all material weaknesses, revised SOX program, hired new personnel.","CEO Dorith Hakim stated commitment to improving policies and ensuring compliance with the agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":64991574.17681728,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":237074,"accession_number":"0001999371-24-007629","cik":889348,"company_name":"CPI AEROSTRUCTURES INC","ticker":"CVU","form_type":"8-K","filed_at":"2024-06-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"CPI Aerostructures shareholders re-elect directors, approve say-on-pay frequency and executive compensation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Pamela Levesque re-elected as Class II director: 7,132,758 for, 327,822 withheld.","Richard C. 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