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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/21/24 Cpi Aerostructures Inc. 8-K:1,9 2/20/24 11:242K Quality Edgar - QES/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 27K 2: EX-10.1 Thirteenth Amendment to the Amended and Restated HTML 49K Credit Agreement 6: R1 Cover HTML 43K 8: XML IDEA XML File -- Filing Summary XML 11K 11: XML XBRL Instance -- cvu-8k_022024_htm XML 15K 7: EXCEL IDEA Workbook of Financial Report Info XLSX 8K 4: EX-101.LAB XBRL Labels -- cpi-20240220_lab XML 96K 5: EX-101.PRE XBRL Presentations -- cpi-20240220_pre XML 64K 3: EX-101.SCH XBRL Schema -- cpi-20240220 XSD 12K 9: JSON XBRL Instance as JSON Data -- MetaLinks 25± 34K 10: ZIP XBRL Zipped Folder -- 0001839882-24-004986-xbrl Zip 26K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): i February 20, 2024
i CPI AEROSTRUCTURES, INC. |
(Exact Name of Registrant as Specified in Charter) |
i New York | i 001-11398 | |
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
i 91 Heartland Boulevard, i Edgewood, i New York i 11717 |
(Address of Principal Executive Offices) |
Registrant’s telephone number, including area code: i (631) i 586-5200
N/A |
(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):
i ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered | ||
i Common stock, $0.001 par value per share | i CVU | i NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Item 1.01 | Entry into a Material Definitive Agreement. |
On February 20, 2024, CPI Aerostructures, Inc. (the “Company”) entered into a Thirteenth Amendment (the “Thirteenth Amendment”) to that certain Amended and Restated Credit Agreement with the lenders named therein and BankUnited, N.A. as Sole Arranger, Agent and a Lender, dated as of March 24, 2016 (as amended from time to time, the “Credit Agreement”).
Under the Thirteenth Amendment, the parties amended the Credit Agreement by: (i) extending the maturity date of the Company’s existing revolving line of credit (the “Revolving Credit Loans”) to August 31, 2025; and (ii) providing for a reduction of the aggregate maximum principal amount of all Revolving Credit Loans to $19,800,000 from January 1, 2024 through March 31, 2024, $19,080,000 from April 1, 2024 through June 30, 2024, $18,360,000 from July 1, 2024 through September 30, 2024, $17,640,000 from October 1, 2024 through December 31, 2024, $16,920,000 from January 1, 2025 through March 31, 2025, $16,200,000 from April 1, 2025 through June 30, 2025 and $15,480,000 thereafter; and commencing April 1, 2024, for payments to be made by the Company to comply therewith (if any such payments are necessary), on the first day of each such period.
The foregoing description is qualified in its entirety by reference to the Thirteenth Amendment, a copy of which is attached to this Form 8-K as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
Exhibit | Description | |||
10.1* | Thirteenth Amendment to the Amended and Restated Credit Agreement, dated as of February 20, 2024 by and between CPI Aerostructures, Inc., the several lenders from time to time party thereto, and BankUnited, N.A., as Sole Arranger, Administrative Agent and Collateral Agent. | |||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||
* |
Certain exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish supplementally a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its request. |
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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: February 21, 2024 | CPI AEROSTRUCTURES, INC. | |
By: | /s/ Andrew Davis | |
Andrew Davis | ||
Chief Financial Officer |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
8/31/25 | ||||
6/30/25 | ||||
4/1/25 | ||||
3/31/25 | ||||
1/1/25 | ||||
12/31/24 | ||||
10/1/24 | ||||
9/30/24 | ||||
7/1/24 | ||||
6/30/24 | ||||
4/1/24 | ||||
3/31/24 | ||||
Filed on: | 2/21/24 | |||
For Period end: | 2/20/24 | |||
1/1/24 | ||||
3/24/16 | 8-K | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/08/24 Cpi Aerostructures Inc. 10-K 12/31/23 82:5.8M Qes, LLC/FA |