-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K65iGgDvW+UMT5PKm6+m+NUSk3T3Q2eJkl5jYeyBja/mBtRTSWbSWxwUTMWV2GgM VLabMoqmTBxWAfazmao5gQ== 0000950135-05-006890.txt : 20051209 0000950135-05-006890.hdr.sgml : 20051209 20051209161112 ACCESSION NUMBER: 0000950135-05-006890 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20051209 DATE AS OF CHANGE: 20051209 GROUP MEMBERS: DAVID E. COHEN GROUP MEMBERS: MIDWOOD CAPITAL PARTNERS QP, L.P. GROUP MEMBERS: MIDWOOD CAPITAL PARTNERS, L.P. GROUP MEMBERS: ROSS D. DEMONT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CPI AEROSTRUCTURES INC CENTRAL INDEX KEY: 0000889348 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728] IRS NUMBER: 112520310 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-46461 FILM NUMBER: 051255719 BUSINESS ADDRESS: STREET 1: 200A EXECUTIVE DR CITY: EDGEWOOD STATE: NY ZIP: 11717 BUSINESS PHONE: 5165865200 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MIDWOOD CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001273663 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 45 FAIRFIELD STREET STREET 2: 5TH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6172262609 SC 13G 1 b58124cpsc13g.txt CPI AEROSTRUCTURES, INC. OMB APPROVAL OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response... 11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. __)* CPI Aerostructures, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 125919308 - -------------------------------------------------------------------------------- (CUSIP Number) November 30, 2005 - -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) - ------------ * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 125919308 13G Page 2 of 12 Pages - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Midwood Capital Management LLC - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 279,200 Number of Shares --------------------------------------------------------------- Beneficially 6. Shared Voting Power 0 Owned by Each Reporting --------------------------------------------------------------- Person With 7. Sole Dispositive Power 279,200 --------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 279,200 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.146% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IA - -------------------------------------------------------------------------------- CUSIP No. 125919308 13G Page 3 of 12 Pages - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). David E. Cohen - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number of Shares --------------------------------------------------------------- Beneficially 6. Shared Voting Power 279,200 Owned by Each Reporting --------------------------------------------------------------- Person With 7. Sole Dispositive Power 0 --------------------------------------------------------------- 8. Shared Dispositive Power 279,200 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 279,200 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.146% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 125919308 13G Page 4 of 12 Pages - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Ross D. DeMont - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization USA - -------------------------------------------------------------------------------- 5. Sole Voting Power 0 Number of Shares --------------------------------------------------------------- Beneficially 6. Shared Voting Power 279,200 Owned by Each Reporting --------------------------------------------------------------- Person With 7. Sole Dispositive Power 0 --------------------------------------------------------------- 8. Shared Dispositive Power 279,200 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 279,200 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 5.146% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) IN - -------------------------------------------------------------------------------- CUSIP No. 125919308 13G Page 5 of 12 Pages - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Midwood Capital Partners, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 143,215 Number of Shares --------------------------------------------------------------- Beneficially 6. Shared Voting Power 0 Owned by Each Reporting --------------------------------------------------------------- Person With 7. Sole Dispositive Power 143,215 --------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 143,215 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.640% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- CUSIP No. 125919308 13G Page 6 of 12 Pages - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Midwood Capital Partners QP, L.P. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 5. Sole Voting Power 135,985 Number of Shares --------------------------------------------------------------- Beneficially 6. Shared Voting Power 0 Owned by Each Reporting --------------------------------------------------------------- Person With 7. Sole Dispositive Power 135,985 --------------------------------------------------------------- 8. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 135,985 - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (9) Excludes [ ] Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 2.506% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- Page 7 of 12 ITEM 1. (a) NAME OF ISSUER: CPI Aerostructures, Inc. (the "Issuer"). (b) ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 200A Executive Drive, Edgewood, NY 11717. ITEM 2. (a) NAME OF PERSON FILING: This joint statement on Schedule 13G is being filed by David E. Cohen, Ross D. DeMont, Midwood Capital Management LLC, Midwood Capital Partners, L.P. and Midwood Capital Partners QP, L.P., who are collectively referred to as the "Reporting Persons." Messrs. Cohen and DeMont (the "Managers") are the managers of Midwood Capital Management LLC ("Capital"), which is the sole general partner of each of Midwood Capital Partners, L.P. ("LP") and Midwood Capital Partners QP, L.P. ("QP" and together with LP, the "Funds"). The Reporting Persons have entered into a Joint Filing Agreement, dated as of the date hereof, a copy of which is filed with this Schedule 13G as Exhibit 1 (which is incorporated herein by reference), pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k) under the Act. (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE: The principal business office of the Reporting Persons with respect to the shares reported hereunder is One Washington Mall, 8th Floor, Boston, MA 02108 (c) CITIZENSHIP: Capital is a Delaware limited liability company. Each of the Funds is a Delaware limited partnership. Each of the Managers is a U.S. citizen. (d) TITLE AND CLASS OF SECURITIES: Common stock, $.001 par value ("Common Stock") (e) CUSIP Number: 125919308 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: NA ITEM 4. OWNERSHIP In the aggregate, the Reporting Persons beneficially own 279,200 shares of the Common Stock of the Issuer, representing approximately 5.146% of such class of securities. The beneficial ownership of each Reporting Person is as follows: (i) LP beneficially owns 143,215 shares of the Common Stock, representing approximately 2.640% of the class, (ii) QP beneficially owns 135,985 shares of the Common Stock, representing approximately 2.506% of the class, and (iii) Capital, as the sole general partner of each Fund, and Messrs. Cohen and DeMont, as the managers of Capital, each beneficially own 279,200 shares of the Common Stock of the Issuer representing approximately 5.146% of the class. The percentage of the Common Stock beneficially owned by each Reporting Person is based on a total of 5,425,400 shares of the Page 8 of 12 Common Stock of the Issuer outstanding as of November 11, 2005, as reported in the most recent quarterly report of the Issuer on Form 10-Q for the quarter ended September 30, 2005. Each Fund has the power to vote and dispose of the shares of Common Stock beneficially owned by such Fund (as described above). Capital, as the sole general partner of the Fund, has the sole authority to vote and dispose of all of the shares of Common Stock reported in this Schedule 13G. Each of the Managers, by virtue of their positions as managers of Capital, has the shared authority to vote and dispose of all of the shares of Common Stock reported in this joint statement Schedule 13G. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS N/A ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON NA ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON NA ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP NA ITEM 9. NOTICE OF DISSOLUTION OF GROUP NA ITEM 10. CERTIFICATION By signing below I hereby certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose. Page 9 of 12 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 9, 2005 MIDWOOD CAPITAL PARTNERS, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ------------------------------------ David E. Cohen Manager MIDWOOD CAPITAL PARTNERS QP, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ------------------------------------ David E. Cohen Manager MIDWOOD CAPITAL MANAGEMENT, LLC By: /s/ David E. Cohen ------------------------------------ David E. Cohen Manager Page 10 of 12 DAVID E. COHEN /s/ David E. Cohen ------------------------------------ David E. Cohen ROSS D. DEMONT /s/ Ross D. DeMont ------------------------------------ Ross D. DeMont EX-99.1 2 b58124cpexv99w1.txt JOINT FILING AGREEMENT Page 11 of 12 Exhibit 1 JOINT FILING AGREEMENT Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree, as of December 9, 2005, that only one statement containing the information required by Schedule 13G, and each amendment thereto, need be filed with respect to the ownership by each of the undersigned of shares of common stock of CPI Aerostructures, Inc., and such statement to which this Joint Filing Agreement is attached as Exhibit 1 is filed on behalf of each of the undersigned. MIDWOOD CAPITAL PARTNERS, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ------------------------------------ David E. Cohen Manager MIDWOOD CAPITAL PARTNERS QP, L.P. By: Midwood Capital Management LLC General Partner By: /s/ David E. Cohen ------------------------------------ David E. Cohen Manager MIDWOOD CAPITAL MANAGEMENT, LLC By: /s/ David E. Cohen ------------------------------------ David E. Cohen Manager Page 12 of 12 DAVID E. COHEN /s/ David E. Cohen ------------------------------------ David E. Cohen ROSS D. DEMONT /s/ Ross D. DeMont ------------------------------------ Ross D. DeMont -----END PRIVACY-ENHANCED MESSAGE-----