---
schema_version: "secwatch.filing_event.v1"
accession: "0001999371-24-004426"
form_type: "8-K"
ticker: "CVU"
cik: "0000889348"
company_name: "CPI AEROSTRUCTURES INC"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:12:08.533202+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CPI Aerostructures restates 2022 deferred tax balances; files late 10-K notice

## Summary
- Deferred tax asset and liability each overstated by $2.6M due to inadequate review of temporary differences.
- No material impact on previously reported net income, EPS, or cash flow for FY2022.
- Files Form 12b-25 for delayed 2023 10-K; expects to file by April 16, 2024.
- Material weakness identified; remediation underway.

## SEC filing metadata
- accession: 0001999371-24-004426
- form_type: 8-K
- ticker: CVU
- cik: 0000889348
- company_name: CPI AEROSTRUCTURES INC
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889348/000199937124004426/0001999371-24-004426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889348/000199937124004426/cvu-8k_040324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001999371-24-004426
- JSON: https://secwatch.observer/filing/0001999371-24-004426.json
- Plain text: https://secwatch.observer/filing/0001999371-24-004426.txt

## Key facts
- Auditor Changes
  CPI AEROSTRUCTURES INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: RSM US LLP
  source text: On April 3, 2024, the audit and finance committee (the “Audit and Finance Committee”) of the board of directors of CPI Aerostructures, Inc. (the “Company”), determined, based on the recommendation of management, that the Company’s financial statements which were included in its Annual Report on Form 10-K for the year ended December 31, 2022 as filed with the Securities and Exchange Commission (the “SEC”) should no longer be relied upon due to errors within Note 11 “Income Taxes”
  evidence_url: https://www.sec.gov/Archives/edgar/data/889348/000199937124004426/0001999371-24-004426-index.htm

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