Air Industries CEO Lou Melluzzo resigns effective March 11, 2026; separation agreement disclosed

AIR INDUSTRIES GROUP

CEO and President Lou Melluzzo resigned from all positions on March 11, 2026; no disagreement cited.
Separation agreement provides salary through April 10, 2026, plus two months' base salary severance.
RSUs vesting April 1, 2026 (34,123 shares) and February 12, 2026 grant (12,159 shares) issued, subject to restrictions tied to proposed merger with Tenax Aerospace Acquisition LLC.
Melluzzo retains options for 128,000 shares, though right to exercise will terminate early due to separation.
No successor named; Melluzzo agreed to 12-month non-compete on competitive products and 5-year non-disparagement.

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