secwatch.observer — SEC 8-K summary
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Issuer:     AIR INDUSTRIES GROUP (AIRI)
CIK:        0001009891
Form:       8-K
Filed at:   2026-03-16T23:59:59+00:00
Accession:  0001213900-26-028297
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009891/000121390026028297/0001213900-26-028297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009891/000121390026028297/ea0281681-8k_airindus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-028297

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