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<SEC-DOCUMENT>0000950136-05-003042.txt : 20050524
<SEC-HEADER>0000950136-05-003042.hdr.sgml : 20050524
<ACCEPTANCE-DATETIME>20050524162115
ACCESSION NUMBER:		0000950136-05-003042
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050524
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050524
DATE AS OF CHANGE:		20050524

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:		05854564

	BUSINESS ADDRESS:	
		STREET 1:		200A EXECUTIVE DR
		CITY:			EDGEWOOD
		STATE:			NY
		ZIP:			11717
		BUSINESS PHONE:		5165865200
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>file001.htm
<DESCRIPTION>FORM 8-K
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                 --------------

                                    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): May 24, 2005
                                                           ------------

                            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))




<PAGE>




ITEM 1.01 -- EXECUTION OF A MATERIAL, NON-ORDINARY COURSE AGREEMENT

     On March 22, 2005, the Board of Directors of CPI Aerostructures, Inc.
("Company") approved an amendment to the Company's Performance Equity Plan 2000
("Plan") to increase the number of shares of common stock available for issuance
under the Plan from 830,000 shares of common stock to 1,230,000 shares of common
stock. On May 24, 2005, the shareholders of the Company approved the amendment
to the Plan. A copy of the amendment to the Plan is included as Exhibit 10.6.1
hereto.

ITEM 9.01 -- FINANCIAL STATEMENT AND EXHIBITS

     10.6.1    Amendment to the Performance Equity Plan 2000














                                       2


<PAGE>



                                    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:   May 24, 2005                  CPI AEROSTRUCTURES, INC.



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





















                                       3







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<FILENAME>file002.htm
<DESCRIPTION>AMENDMENT TO THE PERFORMANCE EQUITY PLAN 2000
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                                                                  EXHIBIT 10.6.1

                                                  BOARD APPROVAL: MARCH 22, 2005
                                              SHAREHOLDER APPROVAL: MAY 24, 2005


                            CPI AEROSTRUCTURES, INC.
                    AMENDMENT TO PERFORMANCE EQUITY PLAN 2000


     Section 3.1 of the CPI Aerostructures, Inc. Performance Equity Plan 2000
("Plan") is hereby amended to increase the number of shares of common stock
reserved and available for issuance for distribution under the Plan from 830,000
shares of common stock to 1,230,000 shares of common stock.





















                                       4








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