CPI Aerostructures appoints Dorith Hakim as CEO, President and director; former Parker Hannifin executive

CPI AEROSTRUCTURES INC

Dorith Hakim, 57, appointed CEO, President and director effective March 9, 2022, replacing Douglas McCrosson.
Hakim most recently served as Group VP at Parker Hannifin Aerospace, accountable for $1.9B in spending.
Annual base salary of $350,000; eligible for annual cash bonus up to 60% and long-term equity up to 75% of salary.
Receives one-time restricted stock award of $50,000 vesting in equal installments in 2023 and 2024.
Severance agreement provides 18 months salary if terminated without cause; non-compete for 18 months.

item 1.01 item 5.02 item 9.01

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Appointed

Dorith Hakim

Chief Executive Officer and President and director

CVU · CPI AEROSTRUCTURES INC

Effective: 2022-03-09
Filed: March 9, 2022, 6:59 PM ET

Effective March 9, 2022, Dorith Hakim, 57, was appointed by the board of directors of the Company to the positions of Chief Executive Officer and President and as a director.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dorith Hakim was appointed as Chief Executive Officer and President and director at CPI AEROSTRUCTURES INC.

Action: appointed
Role: Chief Executive Officer and President and director

Exact text from the filing

Effective March 9, 2022, Dorith Hakim, 57, was appointed by the board of directors of the Company to the positions of Chief Executive Officer and President and as a director.

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CPI AEROSTRUCTURES INC filing history →

Source: SEC EDGAR

accession 0001387131-22-003473

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