UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01
Entry into a Material Definitive Agreement.
On April 15, 2025, CPI Aerostructures, Inc. (the “Company”) entered into an amendment to the lease agreement, dated June 30, 2011, between the Company and Heartland Boys II LP, for the premises located at 91 Heartland Boulevard, Edgewood, New York (the “Amendment”). The Amendment extends the term of the lease for 5 years until April 30, 2031 and provides for the monthly base rent payable by the Company to be $181,782.03, $187,235.49, $192,852.56, $198,638.13, and $204,597.28 during May 1, 2026 through April 30, 2027, May 1, 2027 through April 30, 2028, May 1, 2028 through April 30, 2029, May 1, 2029 through April 30, 2030, and May 1, 2030 through April 30, 2031, respectively.
The foregoing description is qualified in its entirety by reference to the 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. |
| Exhibit | Description |
| 10.1 | Amendment to Lease Agreement, dated April 15, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: April 17, 2025 | CPI AEROSTRUCTURES, INC. | |
| By: | /s/ Philip Passarello | |
| Philip Passarello | ||
| Chief Financial Officer | ||