CPI Aerostructures Announces New Compensation and Severance Package for CFO Robert Mannix

Reuters
2025/12/10
CPI Aerostructures Announces New Compensation and Severance Package for CFO Robert Mannix

CPI Aerostructures, Inc. has announced the appointment of Robert Mannix as Chief Financial Officer and Secretary, effective December 8, 2025. Mannix's compensation package includes an annual base salary of $315,000, an annual cash bonus opportunity of up to 40% of base salary, and participation in the company's long-term incentive plan with a target award opportunity of 40% of base salary in restricted stock, split between time-based and performance-based vesting conditions. Mannix will also be eligible for standard senior executive benefits. In the event of termination without cause, he will receive continued base salary for up to 52 weeks depending on his tenure, along with pro-rated bonus payments. If terminated following a change in control, Mannix will receive a lump sum payment equal to one and one-half times his base salary, immediate vesting of all outstanding stock options and restricted stock, and continued health and fringe benefits for six months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPI Aerostructures Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001999371-25-019911), on December 09, 2025, and is solely responsible for the information contained therein.

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