<SEC-DOCUMENT>0001213900-20-012777.txt : 20200518
<SEC-HEADER>0001213900-20-012777.hdr.sgml : 20200518
<ACCEPTANCE-DATETIME>20200518111053
ACCESSION NUMBER:		0001213900-20-012777
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200518
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200518
DATE AS OF CHANGE:		20200518

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIR INDUSTRIES GROUP
		CENTRAL INDEX KEY:			0001009891
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		IRS NUMBER:				204458244
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35927
		FILM NUMBER:		20888430

	BUSINESS ADDRESS:	
		STREET 1:		1460 FIFTH AVENUE
		CITY:			BAY SHORE
		STATE:			NY
		ZIP:			11706
		BUSINESS PHONE:		631-881-4920

	MAIL ADDRESS:	
		STREET 1:		1460 FIFTH AVENUE
		CITY:			BAY SHORE
		STATE:			NY
		ZIP:			11706

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AIR INDUSTRIES GROUP, INC.
		DATE OF NAME CHANGE:	20070702

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gales Industries Inc
		DATE OF NAME CHANGE:	20060410

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ashlin Development Corp
		DATE OF NAME CHANGE:	20050127
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ea122027-8k_airindustries.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CURRENT
REPORT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to Section 13 or 15(d)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">of
the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date
of Report (date of earliest event reported): May 18, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AIR
INDUSTRIES GROUP</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>001-35927</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>80-0948413</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">State
    of Incorporation</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commission
    File Number</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IRS
    Employer I.D. Number</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1460
Fifth Avenue, Bay Shore, New York 11706</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
of Principal Executive Offices)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registrant&rsquo;s
telephone number: (631) 968-5000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px">&#9744;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written
    communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin: 0pt 0 0pt 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; 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: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
registered pursuant to Section 12(b) of the Act:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; width: 32%; border-bottom: black 1.5pt solid; padding-left: 6.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title
    of each class</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; width: 32%; border-bottom: black 1.5pt solid; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Trading
    Symbol(s)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: top; width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; vertical-align: bottom; width: 32%; border-bottom: black 1.5pt solid; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name
    of each exchange on<BR>
 which registered</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; padding-left: 6.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common
    Stock, par value $0.001</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AIRI</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NYSE
    American</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 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. &#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>




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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
7.01 Regulation FD Disclosure</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May 18, 2020, Air Industries Group (the &ldquo;Company&rdquo;) issued a press release announcing its financial results for the
first quarter of 2020. In the press release the Company also announced that it will host a conference call for investors on Monday
May 18, 2020 at 4:15 PM New York Time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information in this Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed as &ldquo;filed&rdquo; for purposes
of Section&nbsp;18 of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;), or otherwise subject to the liability
of such Section, nor shall it be deemed incorporated by reference in any filing by Air Industries under the Securities Act of
1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated
by specific reference in such filing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 27pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item&nbsp;9.01
Financial Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>(d)</B></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibits.</B></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 9%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit&nbsp;No.</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea122027ex99-1_airindust.htm">Text of press release dated May 18, 2020 issued by Air Industries Group.</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SIGNATURES</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated:
May 18, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AIR
    INDUSTRIES GROUP</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 36%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Michael
    Recca</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Michael
    Recca</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ea122027ex99-1_airindust.htm
<DESCRIPTION>TEXT OF PRESS RELEASE DATED MAY 18, 2020 ISSUED BY AIR INDUSTRIES GROUP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit
99.1</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><IMG SRC="ex99-1_001.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">May
18, 2020: 08:00am Eastern</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Air
Industries Group Announces Results for the first quarter of 2020.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>Bay
Shore, NY &mdash; (Business Wire) &ndash;May 18, 2020 &ndash; Air Industries Group (NYSE AMEX: AIRI):</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Air
Industries Group (&ldquo;Air Industries&rdquo; or the &ldquo;Company&rdquo;), an integrated manufacturer of precision equipment
assemblies and components for leading aerospace and defense prime contractors today announced its results for the first calendar
quarter of 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Highlights
</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Consolidated
                                         net sales for the three months ended March 2020 were $13.4 million a decline of $500,000
                                         or (3%) compared to $13.9 million in 2019.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Consolidated&nbsp;gross
                                         profit for the three months ended March 2020 was $2.2 million a decline of $100,000 or
                                         (4%) from 2019. Gross profit as a percentage of sales remained unchanged.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Operating
                                         expenses for the three months ended March 2020 were $2.3 million an increase of approximately
                                         $200,000 or 9% compared to $2.1 million for 2019. The majority of the increase in operating
                                         costs results from additions to the reserve for doubtful accounts receivable.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Air
                                         Industries had an operating loss for the three months ended March 2020 of $(81,000) compared
                                         to an operating loss of $(63,000) in 2019.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Interest
                                         and financing costs for the three months ended March 2020 were $252,000 in fiscal 2020
                                         a dramatic decline of $ 581,000 or 70% compared to $833,000 in 2019. The decline in interest
                                         expense reflects the significantly lower interest rates of the Company&rsquo;s new credit
                                         facility with Sterling National Bank.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Net
                                         Income for the three months ended March 2020 was $ 1.1 million compared to a net loss
                                         in 2019. The increase in net income results solely from an income tax refund of $ 1.4
                                         million arising from tax law changes in recent legislation. Absent this tax refund the
                                         net loss for three months ended March 2020 was approximately $356,000 an improvement
                                         of $639,000 or 64% compared with a net loss from continuing operations of $995,000 for
                                         2019.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adjusted
                                         EBITDA for the three months ended March 2020 was $894,000 million as shown in the table
                                         below. Adjusted EBITDA is a non-GAAP financial measure which is reconciled to the most
                                         directly comparable GAAP financial measure and is more fully defined in the below table.</FONT></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2020</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 88%; text-align: left">Net Income</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,058</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Add-backs to Ebitda</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Interest</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">379</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in">Taxes</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,414</TD><TD STYLE="text-align: left">)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Depreciation &amp; Amortzation</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">687</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-style: italic">Ebitda</TD><TD STYLE="font-weight: bold; font-style: italic">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: right">710</TD><TD STYLE="font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Add-backs to Adjusted Ebitda</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-align: left">Bank Charges</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-align: left; padding-bottom: 1.5pt">Stock Compensation</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">140</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; font-style: italic; text-align: left; padding-bottom: 4pt">Adjusted Ebitda</TD><TD STYLE="font-weight: bold; font-style: italic; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: left">$</TD><TD STYLE="border-bottom: Black 4pt double; font-weight: bold; font-style: italic; text-align: right">894</TD><TD STYLE="padding-bottom: 4pt; font-weight: bold; font-style: italic; text-align: left">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>CEO
Commentary</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Lou
Melluzzo, CEO of Air Industries said, &ldquo;<I>It would be an understatement to say that economic conditions have changed dramatically
since the beginning of the year. In spite of operational challenges, I am pleased that for the first quarter of 2020 Air Industries
was able to maintain sales and profitability roughly equal to the prior year. As the quarter progressed, an increasing numbers
of factory workers were unable to come to work and this impacted production. The Covid-19 pandemic became more severe in April,
especially in New York. For several weeks in April one third of our factory staff was not at work. This had a negative impact
on our production and shipments. Our business was also impacted by the closing for an extended period of several processing shops
we utilize to finish our products. We made the decision that employees with the ability to work remotely should do so. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Recently
we have seen absenteeism decline and the majority of our office employees have returned to work. Operations have improved, but
have not recovered fully. We expect to see productivity continue to improve in the coming weeks. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>The
Corona Virus has severely impacted the commercial aerospace industry. Defense aerospace has not, as yet, seen any material deleterious
effect. As you know, Air Industries products are primarily defense related. We have seen reductions in orders from our commercial
customers but defense remains strong. We are currently accelerating production of military product to offset reductions in commercial
orders. Our large OEM customers have been very supportive in helping us to reprioritize production schedules so that we can minimize
the impact. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>In
our prior press release we said that things were too uncertain to issue guidance. They remain so now. We will do so when things
become clearer, which we hope is soon. </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>Finally
we are very thankful to our hard working Air &ldquo;family&rdquo;, who have shown exceptional dedication and commitment in the
face of this pandemic.&rdquo; </I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Additional
information about the Company can be found in its filings with the SEC.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

<!-- Field: Page; Sequence: 2; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><U>Investor
Conference Call</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Management
will host a conference call on Monday May 18, 2020 at 4:15pm Eastern</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: #FDFDFD"><B>Conference
Toll-Free Number </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">800-368-1029</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: #FDFDFD"><B>Passcode
&ndash; </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif">257 481 </FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ABOUT
AIR INDUSTRIES GROUP</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Air
Industries Group (AIRI) is an integrated manufacturer of precision equipment assemblies and components for leading aerospace and
defense prime contractors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Forward
Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Certain
matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends
in the marketplace, <FONT STYLE="background-color: white">future revenues, earnings and Adjusted EBITDA</FONT>, the ability to
realize firm backlog and projected backlog, cost cutting measures, potential future results and acquisitions, are examples of
such forward-looking statements. The forward-looking statements are subject to numerous risks and uncertainties, including, but
not limited to, the timing of projects due to variability in size, scope and duration, the inherent discrepancy in actual results
from estimates, projections and forecasts made by management, regulatory delays, changes in government funding and budgets, and
other factors, including general economic conditions, not within the Company's control. The factors discussed herein and expressed
from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments
to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only
as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements
to reflect subsequent events or circumstances.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white"><B>Adjusted
EBITDA</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; background-color: white">The
Company uses Adjusted EBITDA, a Non-GAAP financial measure as defined by the SEC, as a supplemental profitability measure because
management finds it useful to understand and evaluate results, excluding the impact of non-cash depreciation and amortization
charges, stock based compensation expenses, and nonrecurring expenses and outlays, prior to consideration of the impact of other
potential sources and uses of cash, such as working capital items. This calculation may differ in method of calculation from similarly
titled measures used by other companies and may be different than the EBITDA calculation used by our lenders for purposes of determining
compliance with our financial covenants. This Non-GAAP measure may have limitations when understanding performance as it excludes
the financial impact of transactions such as interest expense necessary to conduct the Company&rsquo;s business and therefore
are not intended to be an alternative to financial measure prepared in accordance with GAAP. The Company has not quantitatively
reconciled its forward looking Adjusted EBITDA target to the most directly comparable GAAP measure because such items such as
amortization of stock-based compensation and interest expense, which are specific items that impact these measures, have not yet
occurred, are out of the Company&rsquo;s control, or cannot be predicted. For example, quantification of stock-based compensation
is not possible as it requires inputs such as future grants and stock prices which are not currently ascertainable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Contact
Information</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Air
Industries Group</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Investor
Relations</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Michael
Recca &ndash; CFO</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">631.968.5000</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">ir@airindustriesgroup.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT>3</P>



<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" != 0\# 2(  A$! Q$!_\0
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MZ+=)=V5TNQE$]L[*UMJ%C*3;:EIUQ=Z==I):W4J-_J.?\$M/^"AO@C_@H_\
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MW-X>M=75"00K?9Y[VV5BAP<%BK#@BDW97LWY+_@Z%1BI22<XP3?Q2YFE_P"
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M>I6\UW!<QD6_C+Q;!LO-/\-IOC,=UI.G$0ZCXD"DAHVL=*;Y;^<Q_P!(P55
M55"J  %4!0 H"@        #   ' K"M)+W8I?WFDONT2MY^MC6"=KMW3Z;]?
M.Y6O;?[59W5J)KBU^TV\UO\ :;.7R+NV\Z-HC<6DX5O)NH0WF6\VQO+E5'*L
M%P?\^S_@IU^U=_P64_X)O?M4>(O@SKO[;WQDU[X;Z]]I\9? ?X@7^D?#UXO'
M'PWN;PQ06^I/'X*CM_\ A+?!UTZ^'O&%B$CW7D-IK,$:Z;KE@6_T':_-/_@J
MG_P3N\%?\%(/V6_$/PDU'^SM#^*OA=[KQE\!OB!=QD'PA\1K2REBM;349X8I
M+IO!WBZW_P"*?\86,6\2V,\&IPV\FIZ1ILD7T_!.=Y=DN<TWG& P>/RG&*&&
MQ:Q6$H8F6$4IIPQE#VU.;@Z,G^_C&RJ89U=.>E"_-CJ%6O0:H5)TJL+RIN$Y
M14FDVX24;73U>COS6VN[_P '5G_P7N_X*U6$,4,7[6^J7(BX#W_PV^$]Y,X_
MZ:RS>"BTIR3\S'.  *T8_P#@X"_X*WH<_P##5>?:3X2_"!UZ]@/!BD<9[^GU
MK\G/'_@#QK\*/'?C'X7_ !)\-ZEX.^(/P]\2:MX0\9^%M7A:#4="\1:'=/9:
MC8SHP D021B:TNHLV]_8S6M_:O):W4,C\EDCH:_JZ/"O"->G"M3X?R2K"K"%
M2G4A@<*XSISBIPG"<(N,H3A*,XRBG&491L][?'/&8V#:>)Q"E%M-.I.#NFUK
M?FDGIJG\TC]P-+_X.,O^"MVF0&!OCQX U;&-L^M_ OX;W5R,#!(DLM-TX'=W
MW(PZD!<UK)_P<C_\%:D8,WQ@^$DB@@E'^ G@A5;'4,R,KX(_ND-QP:_"FBLW
MP1P=*3E/AK*&W:]L(DG96MRQJPBN[:2OV#Z_C6K?6L1%+_IZY_ARQ:[W<F?T
M*:)_P<]?\%0]+\L:C=?LZ>)F088ZI\']0M/-.#@R#0?&^D[<<D>5Y8)[X)%=
M5_Q%+_\ !2D C_A#_P!E0G Y_P"%8>/CGC&3M^+>.N>,?I7\X&!_GBC'U_,_
MXUA/@'@R;N^',KCY1H5H_P#I&+A;YIV?W%_VCCDM,54\[MN_S:=K^CWU3M9_
MUW_L;_\ !TE\=-=^/OPY\(?ME^!?@EH7P*\5ZPGAOQC\0_ASH?C+0=?\ S:N
M/LFC>+[NUU3Q;XFL;WPSI>JR6Q\4P+;+=VNB2W>J6DKR:>;:X_>'_@J9^SI\
M9/VQ?$O[(7PJ^%FEW$_PSU/Q9XK\4>._BK926FH^%?!]I+HNE0Z9K=ZT5Z/M
M0E\-S^(;KPYLB:WUC4;FRL+>]!N)0?\ ,N=0ZLK %6!5@0&#*P*L"#P05)!'
M<$CGH?[BO^#;3_@JD/B+X5LO^">?Q\\2-+\0/A]HMS<_LU>*-:N=]SXV^'&D
MQM<:A\+KR_NKAIKSQ/\ #VWW77A2(J\NH>!(I;*-@_A0_:?RGQ,\/,)@,%#/
M^',##"T<%'ES/!4%4E35&3:ACZ<9SJSBZ-1JEB8J4HRHSC5Y8*E-OULJS*56
MH\-BIN4JC4J5233;>BE3;48+WM'&ZT::3U2,/_@KS;^ OA%XN_9]_9&^%UE_
M97@']GGX42:M<PR-$UQ>>*OB)?++>:UK,\:Q+=Z[J&E^'K;5]5U&58VN;G7)
MF5$A1(Z^W_\ @DE_P3:&BV^A?M7?M ^&HY-;O[>/4?@K\/M>LPYT#3;N)C!\
M1O$6FW4>T:YJ=O('\):==Q%M(L)1KDJ+J=U8G3_KSQK_ ,$J_"WQ)_:\UC]K
M/XA_%&;Q^^H^);+Q%9?";Q5X)@F\&VRZ%I%AI'A+2=2O;'Q#;WVLZ3X;33K2
M\73[B"*TU:[CQ?PM:F2"7]8[=)(X8EE:-IA'&)6BC,41D" .8HV=VCBW ^5&
M78QIM0LVW<?PB56\8Q3OI>;O]K=J^E]7KW5MSZ%1UOT[/[OT)<#.[JQZD]?I
MD^P'TI:**R+"BBB@ HHHH **9)(D2EY'5$169G<A4544L[NQPJ*B@LS,555!
M+$ 9$<%S!<1K+!-#/$^2DL$B31L%)4E9(V=& 92I*L<$8/(-)-O6SM>U][2M
M=1=E[K<?>2DT[= _'?;R\MU?NU;N3T52;4M.0S*VH6*&W($X:[MP;=F.U!.#
M(#$6;Y5$FTLP*CGBHAK&D?\ 06TPD=?^)A:?_'N*KEJ:VI57;M3GZZ^X[.UF
MD]6I1:NFF)M+=KIU3_7H]&MTS2H]/<X'U-1I-%*D<D4L<L<J[HI(G62.11U*
M2(61@.Y4FO-?BQH>K^-/ OBCP3X;\?1_#K6O$&ER6!\5VT%M?ZOH6G76$U&[
MTVRFOK 07DED9H+749)@+!I3>1!IHH65+F<G%0FVFT[1D[-.SO:-XZV^)+=:
M[C^[6UG=:W[:].OEW/PV_P""C7[5H^*WBZ7X+>!M12;X<^!-4)\2ZC9RB2W\
M8^-;%V1HQ*F4GT3PK)YEM:!&:&]UG[7>?O([.P<?F-7[;0?\$BO#<\226_[0
M&L7$3AMLL'@C2IXG*L5D(F3Q"R2%7R&)=GWYWX8FF2_\$C_"L$B0S?M":K#/
M)CRH9?!6C1S2Y(7]S$_B,/*=QV@(K9;"\MQ77&<(KD7-[NZY)W32O)R3BG%Q
M^US13BM79*ZR<7)WTMT=U9W;2L[M:O3?=GXF45^U9_X)-^"02#^T?= @D$'P
MGH ((R""/^$GX((P0>A_&IK?_@DCX3NBRVO[0VI73(N]TMO!NBSLJ9QN98O$
MCE5ZC<P"Y&,U;FDN9QJ**WDZ-512O:[;@M-G=75FGM<E)MV5NWQ1?X<U[]+6
MOY'XG45^V<?_  2.\+32R00_M!:M+/#Q+#%X*T>2:$\9$T2>(R\."0#YBK@D
M X) I\__  2*\,VJ&2Y_:"U>WC'_ "TN/!&D01@G@#?)XA1<GTSGT%3[2-TO
M>N[-+DG=WU5ERW=UK&R?,K.-TTQ\CLW=:>=O7?31Z;[IGXDUZO\ !+X/>*_C
MQ\2O#WPT\(1E+S6)O/U;5WA::R\,^';5XSJ_B'40N,6]C"X2WB+*;W49K.PC
M(>Y!7]77_P""1OA:.$7,G[0FJQV[%=MQ+X)TB.W;?]P+,WB(1MNZIACN!RI(
MZ?;G[)W[+/P]_9CT?7K#0/$</C?Q=XINO-UGQ==0:;::G-I5H/\ B7:#8V-G
M=7K6>EV1:2ZG2.=C>7LSW5R<16\<*E4]R4H1G*UTFH3<4TE?FER6C9MQ:;33
M3O9)L$O>5[+9ZV_SUOT[]+GO_P +?AGX3^$'@+PW\.O!5@MAX>\,Z?'9VH.&
MNKVX;,M_JNHR@ W&IZK>R3WU_<-DRW$[;0L:QHGH-4)-4TR%VCFU*PAD3 >*
M:]MHI$) (#H\JNAVD$!@#@@]"#3/[9T;_H+Z7_X,+/\ ^/5S*-25Y>SJ.^O,
MJ=22=[ZIJFTUV:;3335T:WBM+I6T[6]==#2I" 1@\CTJB^JZ7&YCDU+3HW 5
MMKWUJC[74.K%6E#!64JRG&&5@RY4@T^'4-/N9/*MK^RN)2"PB@N[>:0JOWB(
MXY&<A>Y P.]+EJ./-[.HE:]W"25K*6_*E9Z+F3MJ]=&&G?[FFUL^CWVTWUVV
MO_)Y_P '(O\ P2LD^+7@R]_X*!_ ?PR]Q\4_ACH45M^T-X7T2T::]^(7PKT6
M)8;/XAVMM"Q>X\4?"^P4C6BD$UQJW@-))'*OX6LH9_X7$=)%5XV5T=59'4AE
M96 8,K#@@@C!''O7^R]>RZ/=176G7\NFW,<]K-%>Z=>R6LB3V4\31W$-Y9SD
MB2SG@9UG2>,PR0,XD#1%@?Y/OC7_ ,&LG[.GQ#^+GQ$\>_#/]K/6O@MX&\9>
M*-1\2>'_ (3Z?\/?"WBC2? ,.K.+R\\.Z'K5WXRTNZGT"UU*6\?0[2XLTDTK
M2Y;72O-N$LDF?]S\-_$G#95ET\FXCJ8J.%PD5+*L9'#8C%RC1E)J>"J>QIN;
MA3E+GPM2SA&G[2DFXJ#C\_FN5RK55B,+&*E-M5:;E"%Y)*U1<S3NT[35E=\L
MG=G\,E%?VI0_\&E?PWN6V6O[?'BRY?&=EO\ !?PG.X&0"Q2+Q^[;<D#. ,D
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M"0:<HSBN:5.I%+=N$DEZW22[:L+I]5]Z_P S^;;_ (.%OVO_ !#IO@SX/_\
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M^T5I0V6BI<@6BN,+(MN(@RDJVX$K7B_P7D_X-[+OX8_#*+X[?&S_ (*(:?\
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M/#%_9:NNHZG]A;]<_P#@VA_9 _94^/\ ^P#XO\9?'#]G/X,?%KQ=9?M%^--
MM/$WQ"^'GAKQ9KEMH=EX'^'-U9Z1!J.M:?>7,6FVMS>WMQ!9QR+#'->7+A-T
MA(_IY^$/[)O[,'[/^IZEK?P-_9\^#GPBUS6+866J:W\._AWX5\*:Q?6(9)#8
MW&J:1IEK?/9/)%%+):>>+>66&*22-GC0CFXBXTP&59]G&#G3SO,GAZ^)PCRG
M'XG*Y<.57*CAZ?*\)3R]8U8:DW[2E#ZS[95(\WM5<TPN!J5:&'FI4*:E&%3V
6L(UUB;7D]9NMR<TKVE[K5KV5[-?_V0$!

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