CPI Aerostructures Inc . (NYSE American:NYSE:CVU), a manufacturer of aircraft parts and auxiliary equipment, has announced a salary increase for its Chief Executive Officer and President, Dorith Hakim. The Compensation and Human Resources Committee of CPI Aerostructures’ Board of Directors approved a 4.9% raise in Hakim’s annual base salary to $405,000, effective as of May 1, 2025. The company, currently valued at $44.46 million, has maintained profitability over the last twelve months with a P/E ratio of 13.31.
This financial update was disclosed in a Form 8-K filing with the Securities and Exchange Commission today, reflecting the company’s commitment to compensating its key executives in line with their responsibilities and the industry standards. CPI Aerostructures, incorporated in New York, operates out of Edgewood, NY, and is recognized under the SIC code for Aircraft Part & Auxiliary Equipment, NEC [3728].
The 8-K filing also includes the standard Cover Page Interactive Data File, which is embedded within the Inline XBRL document. This document is a requirement for SEC filings to ensure that all material information is presented in a format that is easily accessible and analyzable by investors and regulators.
CPI Aerostructures’ shares are traded on the NYSE American exchange under the ticker symbol CVU. The company’s filing confirms there have been no changes to its former name or address since the last report. The information contained in this article is based on the latest SEC filing by CPI Aerostructures Inc.
In other recent news, CPI Aerostructures Inc. has announced a change in its independent registered public accounting firm. Marcum LLP resigned as the company’s auditor following the acquisition of its attest assets by CBIZ (NYSE:CBZ) CPAs, P.C. CPI Aerostructures’ Audit and Finance Committee has approved CBIZ CPAs as the new auditor for the fiscal year ending December 31, 2025. There were no disagreements or reportable events between CPI Aerostructures and Marcum during the fiscal year 2024. Additionally, CPI Aerostructures has extended its lease agreement for its Edgewood, New York facility until April 30, 2031. The lease extension will see the monthly base rent increase annually, starting at $181,782.03 in May 2026 and rising to $204,597.28 by May 2030. This extension secures a key operational base for the company and provides a fixed cost structure for the facility over the next several years. These developments were disclosed in recent SEC filings by CPI Aerostructures.
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