<SEC-DOCUMENT>0001387131-20-009693.txt : 20201109
<SEC-HEADER>0001387131-20-009693.hdr.sgml : 20201109
<ACCEPTANCE-DATETIME>20201109090720
ACCESSION NUMBER:		0001387131-20-009693
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20201104
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201109
DATE AS OF CHANGE:		20201109

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:		201296335

	BUSINESS ADDRESS:	
		STREET 1:		200A EXECUTIVE DR
		CITY:			EDGEWOOD
		STATE:			NY
		ZIP:			11717
		BUSINESS PHONE:		5165865200

	MAIL ADDRESS:	
		STREET 1:		91 HEARTLAND BLVD
		CITY:			EDGEWOOD
		STATE:			NY
		ZIP:			11717
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>cvu-8k_110420.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>______________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">Date of Report (Date of earliest event reported):&nbsp;<U>November
4, 2020</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>CPI AEROSTRUCTURES, INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Exact Name of Registrant as Specified in Charter)</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 33%; text-indent: 27pt"><FONT STYLE="font-size: 10pt"><U>New York</U></FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-size: 10pt"><U>001-11398</U>&nbsp;</FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><U>11-2520310</U></FONT></TD></TR>
<TR>
    <TD><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer</FONT></TD></TR>
<TR>
    <TD STYLE="text-indent: 13.5pt"><FONT STYLE="font-size: 10pt">of Incorporation)&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 51%; text-align: center; text-indent: 31.5pt"><FONT STYLE="font-size: 10pt"><U>91 Heartland Boulevard, Edgewood, New York</U>&nbsp;</FONT></TD>
    <TD STYLE="width: 49%; text-align: center"><FONT STYLE="font-size: 10pt"><U>11717</U>&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center; text-indent: 31.5pt"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>(631) 586-5200</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Registrant&#8217;s Telephone Number, Including
Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Not Applicable</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Former Name or Former Address, if Changed Since
Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 7.65pt; text-indent: 35.85pt">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 (<I>see</I>&nbsp;General Instruction A.2. below):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="padding-bottom: 10pt; width: 48px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top; width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="padding-bottom: 10pt; width: 48px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top; width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="padding-bottom: 10pt; width: 48px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top; width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="padding-bottom: 10pt; width: 48px">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top; width: 48px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&sect;240.12b-2 of this chapter).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 22pt">Emerging growth company <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 12pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.75pt">Securities registered
        pursuant to Section 12(b) of the Act:</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 35%; padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title of each class</FONT></TD>
    <TD STYLE="width: 25%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trading symbol(s)</FONT></TD>
    <TD STYLE="text-align: center; width: 40%; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name of each exchange on which registered</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common stock, $0.001 par value per share</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CVU</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NYSE American</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">On and effective November 4, 2020, the board of directors (&#8220;Board&#8221;)
of CPI Aerostructures, Inc. (the &#8220;Company&#8221;) appointed Mr. Richard Caswell to fill a vacancy on the Board and to serve
as the chairman of the Audit &amp; Finance Committee of the Board. The Board determined that Mr. Caswell is an independent director
under the listing rules of the NYSE American, LLC and an audit committee financial expert under the rules of the Securities and
Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">As a non-employee director of the Company, Mr. Caswell will receive
an annual fee of approximately $22,167, representing a pro-rated annual fee of $140,000 for his service on the Board and as Chairman
of the Audit &amp; Finance Committee. Forty percent of Mr. Caswell&#8217;s annual compensation will payable in cash and sixty percent
will be payable in common equity of the Company through restricted stock units. In addition, the Company will enter into an indemnification
agreement with Mr. Caswell, pursuant to which the Company will indemnify and advance expenses to Mr. Caswell to the fullest extent
permitted by applicable law. The foregoing description of the indemnification agreement is qualified by reference to the full text
of the Company&#8217;s form of director indemnification agreement, which is attached as Exhibit 10.29 to the Company&#8217;s Annual
Report on Form 10-K for the fiscal year ended December 31, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">The Company issued a press release announcing Mr. Caswell&#8217;s
appointment, which is filed herewith as Exhibit 99.1.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><A HREF="ex99-1.htm">99.1</A>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press
release, dated November 9, 2020.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt">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.</P>

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    <TD><FONT STYLE="font-size: 10pt">Dated: November 9, 2020</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">CPI AEROSTRUCTURES, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Douglas McCrosson</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Douglas McCrosson</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
</TABLE>

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<TYPE>EX-99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: left"><A HREF="cvu-8k_110420.htm">CPI Aerostructures, Inc. 8-K</A></P>
<P STYLE="margin: 0; font-size: 10pt; font-weight: bold; text-align: right">Exhibit 99.1</P>

<P STYLE="margin: 0; font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; font-weight: bold; text-align: center"><IMG SRC="ex991_01.jpg" ALT="" STYLE="height: 39pt; width: 147pt"></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: center"><U>FOR IMMEDIATE RELEASE </U></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: center; text-indent: -9.35pt"><FONT STYLE="text-transform: uppercase"><B>CPI
AEROSTRUCTURES APPOINTS richard s. caswellTO BOARD OF DIRECTORS </B></FONT></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify"><FONT STYLE="text-underline-style: double"><B>EDGEWOOD,
N.Y. &ndash; November 9, 2020 &ndash;</B></FONT> CPI Aerostructures, Inc. (&ldquo;CPI Aero&reg;&rdquo;)
(NYSE American: CVU) announced today that Richard S. Caswell has been appointed to its Board of Directors, effective November
4, 2020. He was also appointed Chairperson of the Audit and Finance Committee.</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify">Mr. Caswell is a finance and accounting executive
who possesses extensive experience in financial management, including government contracting, financial planning and analysis,
accounting, mergers &amp; acquisitions and taxation. He retired after 22 years at United Technologies Corporation where he served,
in his latest role, as Vice President of Finance and Chief Financial Officer for the Power, Controls and Sensing System segment
of United Technologies Aerospace Services. Previously, he served as Vice President, Finance and CFO of two units of United Technologies
Corporation -- Sikorsky Aircraft and Pratt &amp; Whitney Canada. Mr. Caswell began his career at Price Waterhouse where he was
a certified public accountant. He received a Bachelor of Arts degree in Economics from Alfred University and a Masters of Science
degree in Accounting from Syracuse University. &#9;</P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; text-align: justify">&ldquo;With his background in financial leadership
at one of the world&rsquo;s largest aerospace companies, Richard brings valuable and timely expertise to CPI Aero&rsquo;s Board
of Directors. We welcome the contributions, insights and guidance he will provide the Board and our management team,&rdquo; said
Terry Stinson, Chairman of CPI Aero.</P>

<P STYLE="margin: 0 0.05in 0pt 0; font-size: 10pt; text-align: justify"><B>About CPI Aero</B></P>

<P STYLE="margin: 0 0.05in 12pt 0; font-size: 10pt; text-align: justify"><FONT STYLE="background-color: white">CPI
Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance
and Reconnaissance and Electronic Warfare pod systems, primarily for national security markets. Within the global aerostructure
supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI
also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations,
CPI Aero provides engineering, program management, supply chain management, and MRO services. CPI Aero is included in the Russell
Microcap&reg; Index.</FONT></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">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, 2019 and Form 10-Q for the three-month
period ended March 31, 2020.</FONT></P>

<P STYLE="margin: 0 0 12pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">CPI Aero&reg; is a
registered trademark of CPI Aerostructures, Inc. For more information, visit www.cpiaero.com, and follow us on Twitter <U>@CPIAERO</U>.
</FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white"><B>Contact:</B></FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">Investor
Relations Counsel:</FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">LHA
Investor Relations</FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">Jody
Burfening</FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">(212)
838-3777</FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">cpiaero@lhai.com</FONT></P>

<P STYLE="margin: 0 0 2pt; font-size: 10pt; background-color: white"><FONT STYLE="background-color: white">www.lhai.com</FONT></P>

<P STYLE="margin: 0 0 3pt; font-size: 10pt; background-color: white"></P>

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<P STYLE="margin: 0 0 3pt; font-size: 10pt; background-color: white">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
