CPS TECHNOLOGIES CORP/DE/ — fact timeline

CPS TECHNOLOGIES CORP/DE/: Increased authorized common stock from 20,000,000 to 25,000,000 shares (effective 2026-05-27).

“On May 27, 2026, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “Amendment”) of the Company’s Restated Certificate of Incorporation, effective as of the same date. The Amendment increased the number of shares of common stock, $0.01 par value per share (the “Common Stock”), that the Company is authorized to issue from 20,000,000 to 25,000,000.”

CPS TECHNOLOGIES CORP/DE/ entered into Placement Agency Agreement with Roth Capital Partners, LLC (effective 2026-05-27).

“In connection with the Offering, the Company entered into a Placement Agency Agreement (the “Placement Agency Agreement”) on May 27, 2026 with Roth Capital Partners, LLC (the “Placement Agent”), as the exclusive placement agent in connection with the Offering.”

CPS TECHNOLOGIES CORP/DE/ entered into Purchase Agreements with certain institutional investors valued at $8.00 per share (effective 2026-05-27).

“On May 27, 2026, CPS Technologies Corp. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with certain institutional investors (the “Investors”) for the sale by the Company of 1,200,000 shares (the “Shares”) of its Common Stock, par value $0.01 per share (“Common Stock”), in a registered direct offering (the “Offering”), at a purchase price of $8.00 per share.”

Charles K. Griffith Jr. departed as Chief Financial Officer at CPS TECHNOLOGIES CORP/DE/.

“He will assume his responsibilities on May 18, 2026 from Charles K. Griffith Jr., who will be retiring at the end of May.”

Christopher S. Fraser was appointed as Chief Financial Officer at CPS TECHNOLOGIES CORP/DE/.

“On May 4, 2026, CPS Technologies Corp. (the "Company") issued a press release announcing the appointment of Christopher S. Fraser as its Chief Financial Officer.”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Ratification of selection of independent registered Public Accounting Firm at the 2026-04-30 meeting.

“Proposal 5 : Ratification of selection of independent registered Public Accounting Firm For Against Abstained 10,611,452 (97.3%) 19,950 (0.2%) 274,512 (1.5%)”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Vote to approve the amendment to the Certificate of Incorporation, as amended increasing the number of authorized shares of common stock, $0.01 par value, from 20,000,000 to 25,000,000. at the 2026-04-30 meeting.

“Proposal 4: Vote to approve the amendment to the Certificate of Incorporation, as amended increasing the number of authorized shares of common stock, $0.01 par value, from 20,000,000 to 25,000,000. For Against Abstained 10,332,062 (94.7%) 311,827 (2.9%) 262,025 (2.4%)”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Advisory vote on the frequency of voting on the compensation of named executive officers at the 2026-04-30 meeting.

“Proposal 3: Advisory vote on the frequency of voting on the compensation of named executive officers Frequency For Abstained Every year 4,622,574 (68.1%) 261,127 (3.9%) Every two years 81,471 (1.2%) Every three years 1,818,342 (26.8%)”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Advisory vote to approve named executive officer compensation. at the 2026-04-30 meeting.

“Proposal 2: Advisory vote to approve named executive officer compensation. For Against Abstained 6,460,547 (95.2%) 56,953 (0.8%) 266,014 (3.9%)”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Election of Directors at the 2026-04-30 meeting.

“Proposal 1: The following individuals were elected as directors to hold office until the next annual meeting of stockholders or until their respective successors are elected and qualified. Director Name For For (%) Against Abstained Grant C. Bennett 4,835,314 71.3 1,675,440 272,760 Francis J. Hughes, Jr. 6,163,884 90.9 347,584 272,046 Daniel C. Snow 6,250,932 92.2 256,008 276,574 I. James Cavoli 6,494,583 95.7 22,897 266,034 Ralph M. Norwood 6,444,316 95.0 63,365 275,883”

CPS TECHNOLOGIES CORP/DE/ reported the three months ended March 28, 2026 results: revenue $7.0 million, net income $(0.3) million, EPS $(0.02) per diluted share.

“Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal first quarter ended March 28, 2026. First Quarter Summary ● Revenue of $7.0 million, versus $7.5 million in the prior-year period, reflecting order timing; continued revenue growth is expected in future quarters. ● Gross margin of 8.6 percent versus 16.4 percent”

CPS TECHNOLOGIES CORP/DE/ reported financial results for the fiscal fourth quarter ended December 27, 2025.

“On March 2, 2026, the Company issued a press release announcing its financial results for the three months ended December 27, 2025. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein in its entirety by reference.”

CPS TECHNOLOGIES CORP/DE/ engaged PKF O’Connor Davies as its auditor.

“On October 10, 2024, the Audit Committee approved the engagement of PKF O’Connor Davies”

CPS TECHNOLOGIES CORP/DE/ dismissed Wolf & Company, P.C. as its auditor.

“Changes in Registrant ’ s Certifying Accountants (a) Dismissal of Previous Independent Registered Public Accounting Firm On October 11, 2024, the Audit Committee (the “Audit Committee”) of the Board of Directors of CPS Technologies Corp. (the “Company”) dismissed Wolf & Company, P.C. (“Wolf”) as the Company’s independent registered public accounting firm, effective with the completion of the Review of the Company’s Form 10-Q for the quarter ended September 28, 2024.”

Thomas Culligan resigned as Director at CPS TECHNOLOGIES CORP/DE/.

“On June 3, 2024, Thomas Culligan informed the Company's Board of Directors (the "Board") of his intention to resign from the Board effective on June 21, 2024.”

CPS TECHNOLOGIES CORP/DE/ reported the quarter ended March 30, 2024 results: revenue $5.9 million, net income $0.1 million, EPS $(0.01) per diluted share.

“Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal first quarter ended March 30, 2024. First Quarter Summary ● Revenue of $5.9 million for the first quarter of 2024 versus $7.1 million in the prior-year period, primarily due to further quality control testing and production staffing challenges ● Gross margin of”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Ratification of selection of independent registered Public Accounting Firm at the 2024-04-25 meeting.

“Proposal 3 : Ratification of selection of independent registered Public Accounting Firm For Against Abstained 7,314,025(99.1%) 22,818(0.3%) 40,868(0.6%)”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Advisory vote to approve named executive officer compensation at the 2024-04-25 meeting.

“Proposal 2: Advisory vote to approve named executive officer compensation. For Against Abstained 3,738,845(96.1%) 104,045(2.7%) 17,615(0.5%)”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Election of Directors at the 2024-04-25 meeting.

“Proposal 1: The following individuals were elected as directors to hold office until the next annual meeting of stockholders or until their respective successors are elected and qualified. Director Name For For (%) Against Abstained Grant C. Bennett 3,688,348 95.5 161,323 10,834 Francis J. Hughes, Jr. 3,737,833 96.8 117,603 5,069 Daniel C. Snow 3,772,194 97.7 83,142 5,169 Thomas M. Culligan 2,542,118 65.9 1,313,819 4,568 Ralph M. Norwood 3,733,507 96.7 122,432 4,566”

CPS TECHNOLOGIES CORP/DE/ reported year ended December 30, 2023 results: revenue $27.6 million, net income $1,370,296, EPS $0.09 per basic common share.

“We finished the year with the highest annual revenue in the Company's history – $27.6 million”

CPS TECHNOLOGIES CORP/DE/ reported fiscal fourth quarter ended December 30, 2023 results: revenue $6.7 million, net income $0.2 million, EPS $0.01 per diluted share.

“(NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial results for the fiscal fourth quarter ended December 30, 2023. Fourth Quarter Highlights ● Revenue of $6.7 million for the fourth quarter of 2023 versus $6.1 million in the prior-year period, primarily due to growth in shipments ● Gross margin of 17.0 percent versus 26.6 percent in the fourth”

CPS TECHNOLOGIES CORP/DE/ reported third quarter ended September 30, 2023 results: revenue $6.3 million, net income $0.2 million, or $0.01 per diluted share, EPS $0.01 per diluted share.

“2 ex_590738.htm EXHIBIT 99.1 ex_590738.htm Exhibit 99.1 FOR RELEASE: IMMEDIATE CPS Technologies Corporation Announces Third Quarter 2023 Financial Results Revenue of $6.3 Million; Company Remains on Track for Record Year Norton, Massachusetts – November 1, 2023 – CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced financial”

CPS TECHNOLOGIES CORP/DE/ reported the fiscal second quarter ended July 1, 2023 results: revenue $7.4 million, net income $0.6 million, or $0.04 per diluted share.

“CPS Technologies Corporation Announces Second Quarter 2023 Financial Results Record Revenue of $7.4 Million;”

Brian Mackey was appointed as President and Chief Executive Officer at CPS TECHNOLOGIES CORP/DE/.

“On July 20, 2023, CPS Technologies Corp. (the Company”) issued a press release announcing that it has appointed Brian Mackey, 53, as President and Chief Executive Officer of the Company, effective as of August 14, 2023.”

CPS TECHNOLOGIES CORP/DE/ terminated Prior Loan Agreement with The Massachusetts Business Development Corporation valued at Terminated $2.5 million line of credit (effective 2023-05-05).

“The Loan Agreement replaced the Company’s previous $2.5 million line of credit (the “Prior Loan Agreement”) entered into on September 15, 2019, by and between the Company, as borrower, and The Massachusetts Business Development Corporation, as lender.”

CPS TECHNOLOGIES CORP/DE/ entered into Business Loan Agreement (Asset Based) with Rockland Trust Company valued at revolving line of credit of the lesser of $3.0 million and 80% of the aggregate of eligible accounts (effective 2023-05-05).

“On May 5, 2023, CPS Technologies Corp. (the “Company”) entered into a Business Loan Agreement (Asset Based) (the “Loan Agreement”) by and between the Company, as borrower, and Rockland Trust Company, as lender (the “Lender”).”

CPS TECHNOLOGIES CORP/DE/ reported the fiscal first quarter ended April 1, 2023 results: revenue $7.1 million, net income $0.5 million, or $0.03 per diluted share, EPS $0.03 per diluted share.

“CPS reported revenue of $7.1 million for the first quarter of fiscal 2023 versus $6.7 million in the prior-year period, reflecting higher product shipments. Gross profit rose to $2.2 million, or 31.6 percent of revenue, from $2.0 million, or 29.5 percent of revenue, in the fiscal 2022 first quarter. The higher gross margin year-over-year reflects increased operating leverage and improved product mix. Operating profit rose to $0.7 million in the fiscal 2023 first quarter from $0.5 million in the prior-year period. Reported net income was $0.5 million, or $0.03 per diluted share, versus $0.4 million, or $0.03 per diluted share, in the quarter ended April 2, 2022.”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Ratification of selection of independent registered Public Accounting Firm at the 2023-04-25 meeting.

“Proposal 3 : Ratification of selection of independent registered Public Accounting Firm”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Advisory vote to approve named executive officer compensation at the 2023-04-25 meeting.

“Proposal 2: Advisory vote to approve named executive officer compensation.”

CPS TECHNOLOGIES CORP/DE/ shareholders approved Election of Directors at the 2023-04-25 meeting.

“Proposal 1: The following individuals were elected as directors to hold office until the next annual meeting of stockholders or until their respective successors are elected and qualified.”

Charles K. Griffith, Jr. was appointed as acting president at CPS TECHNOLOGIES CORP/DE/.

“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.”

Michael E. McCormack II resigned as President and Chief Executive Officer at CPS TECHNOLOGIES CORP/DE/.

“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.”

CPS TECHNOLOGIES CORP/DE/ reported the year ended December 31, 2022 results: revenue $26.6 million, net income $2.13 million, EPS $0.15.

“For the year ended December 31, 2022 revenues were $26.6 million with an operating profit of $2.2 million.”

CPS TECHNOLOGIES CORP/DE/ reported the quarter ended December 31, 2022 results: revenue $6.1 million, net income $0.27 million, EPS $0.02.

“CPS Technologies Corporation (NASDAQ:CPSH) today announced revenues of $6.1 million and an operating profit of $309 thousand for the quarter ended December 31, 2022.”

CPS TECHNOLOGIES CORP/DE/ reported financial results for quarter ended October 1, 2022.

“On November 2, 2022, the Company issued a press release announcing its financial results for the quarter ended October 1, 2022. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein in its entirety by reference.”