{"schema_version":"secwatch.filing_event.v1","accession":"0001999371-24-010340","form_type":"8-K","ticker":"CVU","cik":"0000889348","company_name":"CPI AEROSTRUCTURES INC","filed_at":"2024-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.188241+00:00","generated_at":"2026-05-31T08:46:01.011127+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CPI Aerostructures appoints Philip Passarello as CFO; prior CFO Andrew Davis terminated without cause","bullets":["Philip Passarello, 45, appointed CFO and Secretary effective August 19, 2024; replaces Andrew Davis whose employment was terminated without cause.","Passarello will receive annual base salary of $350,000, eligibility for annual short-term cash and long-term equity incentive plans up to 40% each.","One-time equity award of 20,000 restricted shares vesting August 19, 2026; $100,000 in cash bonuses conditional on timely SEC filings.","Severance and change in control agreement provides for 12 months salary without cause, 1.5x salary in change in control termination.","Passarello previously VP of Finance at TTM Technologies and Telephonics; earlier career at KPMG."],"urls":{"canonical":"https://secwatch.observer/filing/0001999371-24-010340","json":"https://secwatch.observer/filing/0001999371-24-010340.json","markdown":"https://secwatch.observer/filing/0001999371-24-010340.md","text":"https://secwatch.observer/filing/0001999371-24-010340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889348/000199937124010340/0001999371-24-010340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889348/000199937124010340/cvu-8k_081924.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:46:01.011127+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"676676e946","claim":"Philip Passarello was appointed as Chief Financial Officer and Secretary at CPI AEROSTRUCTURES INC.","evidence_excerpt":"Effective August 19, 2024, Philip Passarello, 45, was appointed by the board of directors of CPI Aerostructures, Inc. (the “Company) to the positions of Chief Financial Officer and Secretary.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889348/000199937124010340/0001999371-24-010340-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer and Secretary"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}