CEO Dorith Hakim was paid $643,405 in fiscal year 2025, ↓ down 23.6% from fiscal year 2024 (SEC filing 0001999371-26-016676 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$643,405 ↓ Dorith Hakim total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 83.42% Say-on-pay support, latest vote |
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CVU's next annual pay disclosure, estimated July 31, 2027.est. Filing ↗
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Dorith Hakim | $643,405 | $841,913 | — | ↓ −198,508 |
| Philip Passarello | 402,241 | 176,442 | — | ↑ +225,799 |
| Jay Mulhall | 315,635 | 327,004 | — | ↓ −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.
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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.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Dorith Hakim | PSU | 101,176 | — | $400,657 |
| Dorith Hakim | RSU | 9,260 | — | 36,670 |
| Dorith Hakim | RSU | 101,176 | — | 400,657 |
| Dorith Hakim | PSU | 22,156 | — | 87,738 |
| Dorith Hakim | RSU | 22,156 | — | 87,738 |
| Dorith Hakim | PSU | 9,260 | — | 36,670 |
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 |
| 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.
| 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.
| 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 |
| 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 |
| 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.
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 | 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.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Dorith Hakim | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Executive Compensation”. As printed: 643,405. Filing ↗machine: r2 · c10 · span 252894–252901 |
| 2 | Section 01, Philip Passarello | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Executive Compensation”. As printed: 402,241. Filing ↗machine: r10 · c10 · span 266287–266294 |
| 3 | Section 01, Jay Mulhall | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Executive Compensation”. As printed: 315,635. Filing ↗machine: r5 · c10 · span 258145–258152 |
| 4 | Section 01, Paula Castellano | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Executive Compensation”. As printed: 247,560. Filing ↗machine: r8 · c10 · span 263480–263487 |
| 5 | Section 08, Carey Bond | DEF 14A | — | — | Section “Director Compensation”. As printed: 200,000. |
| 6 | Section 08, Terry Stinson | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Director Compensation”. As printed: 165,000. Filing ↗machine: span 398927–399015 |
| 7 | Section 08, Richard Caswell | DEF 14A | — | — | Section “Director Compensation”. As printed: 140,000. |
| 8 | Section 08, Michael Faber | DEF 14A | — | — | Section “Director Compensation”. As printed: 120,000. |
| 9 | Section 08, Pamela Levesque | DEF 14A | — | — | Section “Director Compensation”. As printed: 100,000. |
| 10 | Section 08, Richard C. Rosenjack Jr | DEF 14A | — | — | Section “Director Compensation”. As printed: 100,000. |
| 11 | Section 08, Dorith Hakim | DEF 14A | — | — | Section “Director Compensation”. As printed: 0. |
| 12 | Section 08, Robert Mannix | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 08, Jay Mulhall | DEF 14A | 2026-07-31 | 0001999371-26-016676 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 06, 2026 vote | Form 8-K | 2026-09-16 | 0001999371-26-020642 | Item 5.07 · say-on-pay result. As reported: 83.42% (votes for as printed: 4,956,059). Filing ↗ |
| 15 | Section 06, 2025 vote | Form 8-K | 2025-06-25 | 0001999371-25-008269 | Item 5.07 · say-on-pay result. As reported: 77.26% (votes for as printed: 5,822,280). Filing ↗ |
| 16 | Section 06, 2024 vote | Form 8-K | 2024-06-20 | 0001999371-24-007629 | Item 5.07 · say-on-pay result. As reported: 88.61% (votes for as printed: 6,590,723). Filing ↗ |
| 17 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 18 | Section 09b board cost (computed) | Computed | — | — | Cash 330,000 + equity 495,000 + all other 0 = 825,000, summed across the director compensation table rows.machine: formula: Σ = 825,000 |
| 19 | CPI Aerostructures (subject), Section 10b CEO total | DEF 14A | 2026-07-31 | 0001999371-26-016676 | CEO total compensation as printed in CPI Aerostructures's own proxy. As printed: 643,405. Filing ↗machine: r2 · c10 · span 252894–252901 |
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