Companies CPI AEROSTRUCTURES INC
CPI AEROSTRUCTURES (CVU): executive pay, fiscal 2025
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CEO pay, last three years
- $1,002,793FY2023
- $841,913FY2024
- $643,405FY2025
CEO total pay was $643,405 in fiscal 2025, down from $841,913 in fiscal 2024.
FY2025: salary $405,481 · bonus $0 · stock awards $230,925 · option awards $0
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Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Dorith Hakim | $405,481 | $0 | $230,925 | $0 | $0 | $0 | $6,999 | $643,405 |
| Chief Executive Officer | ||||||||
| Philip Passarello | 242,308 | 0 | 105,087 | 0 | 50,000 | 0 | 4,846 | 402,241 |
| Former Chief Financial Officer** | ||||||||
| Jay Mulhall | 239,587 | 0 | 44,776 | 0 | 20,000 | 0 | 11,272 | 315,635 |
| Vice President of Business Development | ||||||||
| Paula Castellano | 187,512 | 0 | 56,298 | 0 | 0 | 0 | 3,750 | 247,560 |
| Former Senior Vice President of Operations* | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Dorith Hakim | $643,405 | $841,913 | $1,002,793 | ↓ −198,508 |
| Philip Passarello | 402,241 | 176,442 | — | ↑ +225,799 |
| Jay Mulhall | 315,635 | 327,004 | 332,889 | ↓ −11,369 |
| Paula Castellano | 247,560 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation program is designed to attract, retain, and motivate highly qualified executive officers in the competitive aerospace and defense industry. A substantial portion of total compensation is variable and delivers rewards based on Company and individual performance, aligning executives' pay with the Company’s financial results and the creation of shareholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Dorith Hakim | RSU | 9,260 | — | $36,670 |
| Dorith Hakim | PSU | 9,260 | — | 36,670 |
| Dorith Hakim | RSU | 22,156 | — | 87,738 |
| Dorith Hakim | PSU | 22,156 | — | 87,738 |
| Dorith Hakim | RSU | 101,176 | — | 400,657 |
| Dorith Hakim | PSU | 101,176 | — | 400,657 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Carey BondIndependent · Board Chair · Compensation and Human Resources (Chair) | $80,000 | $120,000 | — | — | — | $200,000 |
| Terry StinsonIndependent · Compensation and Human Resources · Strategic Planning (Chair) | 66,000 | 99,000 | — | — | — | 165,000 |
| Richard CaswellIndependent · Audit and Finance (Chair) · Strategic Planning | 56,000 | 84,000 | — | — | — | 140,000 |
| Michael FaberIndependent · Audit and Finance · Compensation and Human Resources · Nominating and Corporate Governance (Chair) | 48,000 | 72,000 | — | — | — | 120,000 |
| Pamela LevesqueIndependent · Compensation and Human Resources · Nominating and Corporate Governance | 40,000 | 60,000 | — | — | — | 100,000 |
| Richard C. Rosenjack JrIndependent · Audit and Finance · Nominating and Corporate Governance · Strategic Planning | 40,000 | 60,000 | — | — | — | 100,000 |
| Dorith HakimEmployee director · Strategic Planning | — | — | — | — | — | 0 |
| Robert MannixEmployee director | — | — | — | — | — | 0 |
| Jay MulhallEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 140,000 / 120,000 / 120,000 |
| Stock ownership guideline | $4 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $330,000 |
| Equity awards (grant-date value) | $495,000 |
| All other compensation | $0 |
| Total cost of the board | $825,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names CPI AEROSTRUCTURES as a peer
Companies that benchmark against CVU
2 companies name CVU as a compensation peer
- CENTRUS ENERGY CORPLEUFY2025
- GRAHAM CORPGHMFY2026
Each company listed discloses CVU in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CVU in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | CPI AEROSTRUCTURES INC | 2025 | Dorith Hakim | $405,481 | $230,925 | $0 | $0 | $643,405 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-09-16 | 4,956,059 | 984,836 | 983,609 | 83.42% | Passed |
| 2025 | 2025-06-24 | 5,822,280 | 1,713,833 | 30,341 | 77.26% | Passed |
| 2024 | 2024-06-19 | 6,590,723 | 847,004 | 22,853 | 88.61% | Passed |
| 2023 | 2023-06-14 | 5,124,414 | 868,129 | 715,757 | 85.51% | Passed |
| 2022 | 2022-12-13 | 3,914,379 | 730,107 | 1,360,205 | 84.28% | Passed |
| 2021 | 2021-12-29 | 5,231,170 | 1,270,841 | 20,303 | 80.45% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-09-16 | 83.42%a |
| 2025 | 2025-06-24 | 77.26%b |
| 2024 | 2024-06-19 | 88.61%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (19 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Dorith Hakim. DEF 14A, filed 2026-07-31. Section “Executive Compensation”. As printed: 643,405. View filing ↗
- Section 01, Philip Passarello. DEF 14A, filed 2026-07-31. Section “Executive Compensation”. As printed: 402,241. View filing ↗
- Section 01, Jay Mulhall. DEF 14A, filed 2026-07-31. Section “Executive Compensation”. As printed: 315,635. View filing ↗
- Section 01, Paula Castellano. DEF 14A, filed 2026-07-31. Section “Executive Compensation”. As printed: 247,560. View filing ↗
- Section 08, Carey Bond. DEF 14A. Section “Director Compensation”. As printed: 200,000.
- Section 08, Terry Stinson. DEF 14A, filed 2026-07-31. Section “Director Compensation”. As printed: 165,000. View filing ↗
- Section 08, Richard Caswell. DEF 14A. Section “Director Compensation”. As printed: 140,000.
- Section 08, Michael Faber. DEF 14A. Section “Director Compensation”. As printed: 120,000.
- Section 08, Pamela Levesque. DEF 14A. Section “Director Compensation”. As printed: 100,000.
- Section 08, Richard C. Rosenjack Jr. DEF 14A. Section “Director Compensation”. As printed: 100,000.
- Section 08, Dorith Hakim. DEF 14A. Section “Director Compensation”. As printed: 0.
- Section 08, Robert Mannix. DEF 14A, filed 2026-07-31. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jay Mulhall. DEF 14A, filed 2026-07-31. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-09-16. Item 5.07 · say-on-pay result. As reported: 83.42% (votes for as printed: 4,956,059). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-25. Item 5.07 · say-on-pay result. As reported: 77.26% (votes for as printed: 5,822,280). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-20. Item 5.07 · say-on-pay result. As reported: 88.61% (votes for as printed: 6,590,723). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 330,000 + equity 495,000 + all other 0 = 825,000, summed across the director compensation table rows.
- CPI AEROSTRUCTURES INC (subject), Section 10b CEO total. DEF 14A, filed 2026-07-31. CEO total compensation as printed in CPI AEROSTRUCTURES INC's own proxy. As printed: 643,405. View filing ↗