-----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, FGX6vV8ooJbDTiBGEHip3Ae6HDqWmypMO3SiKHYfW+5vJEdvTw/v4hV8QRjawUWz iD3OYy4uKY2v+icaDaeUMg== 0000889348-10-000002.txt : 20100104 0000889348-10-000002.hdr.sgml : 20100101 20100104140300 ACCESSION NUMBER: 0000889348-10-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100104 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20100104 DATE AS OF CHANGE: 20100104 FILER: 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: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11398 FILM NUMBER: 10501350 BUSINESS ADDRESS: STREET 1: 200A EXECUTIVE DR CITY: EDGEWOOD STATE: NY ZIP: 11717 BUSINESS PHONE: 5165865200 8-K 1 form8-k.htm 8K-1/4/10 form8-k.htm


 
 
 

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  January 1, 2010

CPI AEROSTRUCTURES, INC.
(Exact Name of Registrant as Specified in Charter)

New York
1-11398
11-2520310
(State or Other Jurisdiction
(Commission
(IRS Employer
Of Incorporation)
File Number)
Identification No.)

                                                              60 Heartland Blvd., Edgewood, New York
 11717
                                                               (Address of Principal Executive Offices)
     (Zip Code)

                                                     Registrant’s telephone number, including area code
(631) 586-5200

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




 
 
 
 

Item 5.02 —  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective January 1, 2010, the board of directors (the “Board”) of CPI Aerostructures, Inc. (the “Company”) appointed Douglas McCrosson as the Company’s chief operating officer.
 
                Mr. McCrosson, 46 years old, has been with the Company since May 2003, serving as director of business development from May 2003 to January 2006, vice president of business development from January 2006 to January 2007, as vice president of operations since February 2007 and as senior vice president of operations since January 2009. From 1997 to May 2003, Mr. McCrosson was corporate secretary and vice president of Frisby Technologies, Inc. From 1988 to 1997, he was employed by Frisby Aerospace, Inc. in various engineering and marketing positions. He started his professional career as a mechanical engineer at Grumman Corporation. Mr. McCrosson holds a Bachelor of Science degree in mechanical engineering from the State University of New York at Buffalo and a Master of Science degree in Management from Polytechnic University.

A copy of the press release announcing Mr. McCrosson’s appointment is attached hereto as Exhibit 99.1.

 

 
 
Item 9.01 — Financial Statements and Exhibits
 
(d)
Exhibits
 
 
99.1
Press Release dated January 1, 2010
 
 

 




 
 
 
 


SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated; January 4, 2010
CPI AEROSTRUCTURES, INC.


                                                                                                                                                                                                        By:
/s/ Edward J. Fred
 
Edward J. Fred
 
Chief  Executive Officer





 
 
 
 

EX-99.1 2 ex99_1.htm EXHIBIT 99.1 ex99_1.htm

 
 
 


 


FOR IMMEDIATE RELEASE

DOUGLAS J. MCCROSSON NAMED CHIEF OPERATING OFFICER OF
CPI AEROSTRUCTURES
 
Edgewood, N.Y. (January 4, 2010) - CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) today announced that effective January 1, 2010, Douglas J. McCrosson has been promoted to the newly created position of Chief Operating Officer.
 
 
Since January 2008, Mr. McCrosson has served as Senior Vice President of Operations, heading CPI Aero’s Business Development, Engineering, Procurement and Manufacturing organizations.  Mr. McCrosson joined CPI Aero in May 2003 as Director of Business Development, was promoted to Vice President of Business Development in January 2006 and was promoted once again to Vice President of Operations in January 2007.
 
 
Prior to joining CPI Aero, Mr. McCrosson was Corporate Secretary and Vice President of Frisby Technologies, Inc. and earlier, he was employed by Frisby Aerospace, Inc. in various engineering and marketing positions.  He started his career as a mechanical engineer at Grumman Corporation.  Mr. McCrosson holds a Bachelor of Science degree in mechanical engineering from the State University of New York at Buffalo and a Master of Science degree in Management from Polytechnic University.  He is a member of the Supplier Management Council of the Aerospace Industries Association, the United States’ leading aerospace industry trade group.
 
 
Edward J. Fred, CPI Aero’s CEO & President, stated, “Doug has earned this promotion many times over, most notably because he has been instrumental in opening new business channels for our Company, particularly with prime contractors.  We established the position of Chief Operating Officer to more effectively manage the increased size and complexity of our business.  We fully expect that the number of programs we are working and bidding on will continue to grow in the coming years, making Doug’s COO responsibilities all the more critical to our success.”
 
 

 
 
(More)
 

 
 
 

 

 
About CPI Aero
CPI Aero is engaged in the contract production of structural aircraft parts for leading prime defense contractors, the U.S. Air Force, and other branches of the armed forces. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the UH-60 BLACK HAWK helicopter, the Sikorsky S-92 helicopter, the MH-60S mine countermeasure helicopter, the E-2D Hawkeye, the Gulfstream G650, C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, and the E-3 Sentry AWACS jet. CPI Aero is included in the Russell Microcap® Index.

The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero’s SEC reports, including CPI Aero’s Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarters ended March 31, 2009, June 30, 2009 and September 30, 2009.

CPI Aero® is a registered trademark of CPI Aerostructures, Inc.

Contact
Vincent Palazzolo
Investor Relations Counsel
  
Chief Financial Officer
The Equity Group Inc.
  
CPI Aero
Lena Cati
212/836-9611
631/586-5200
Linda Latman
212/836-9609
www.cpiaero.com
www.theequitygroup.com
  

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