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.
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