---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-010836"
form_type: "8-K"
ticker: "CPSH"
cik: "0000814676"
company_name: "CPS TECHNOLOGIES CORP/DE/"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T20:26:36.952132+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPS Technologies CEO McCormack resigns; CFO Griffith named acting president

## Summary
- Michael McCormack resigned as President and CEO effective April 21, 2023; not related to any disagreement with the Company.
- CFO Charles K. Griffith Jr. appointed acting president; Board initiates search for permanent CEO.
- Griffith has been CFO since April 2019; receives $200K salary plus discretionary bonus ($95K for 2022 performance).
- Under McCormack's leadership, CPS achieved record revenues and operating income; management expects another record year in 2023.

## SEC filing metadata
- accession: 0001437749-23-010836
- form_type: 8-K
- ticker: CPSH
- cik: 0000814676
- company_name: CPS TECHNOLOGIES CORP/DE/
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814676/000143774923010836/0001437749-23-010836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814676/000143774923010836/cpsh20230421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-010836
- JSON: https://secwatch.observer/filing/0001437749-23-010836.json
- Plain text: https://secwatch.observer/filing/0001437749-23-010836.txt

## Key facts
- Executive change
  Michael E. McCormack II resigned as President and Chief Executive Officer at CPS TECHNOLOGIES CORP/DE/.
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On April 19, 2023, Michael E. McCormack II, the President and Chief Executive Officer of CPS Technologies Corp. (the “Company”) resigned from the Company, with an effective date of April 21, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814676/000143774923010836/0001437749-23-010836-index.htm
- Executive change
  Charles K. Griffith, Jr. was appointed as acting president at CPS TECHNOLOGIES CORP/DE/.
  - Action: appointed
  - Role: acting president
  source text: the Board has appointed Charles K. Griffith, Jr., the Company’s current Chief Financial Officer, to serve as the acting president of the Company as the Board commences its search for a president and chief executive officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814676/000143774923010836/0001437749-23-010836-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.