ARTHUR AUGUST - Corporate Board Profile

CPI AEROSTRUCTURES INC

Filing Date	Source Excerpt
2001-08-14	Arthur August.......... 66 Chairman of the Board of Directors, President, Chief Executive Officer and Director ... Arthur August, a founder of ours, has been our chairman of our board of directors, president and chief executive officer since January 1980. ... Employment Agreements Arthur August is employed by us under a written employment agreement, dated August 14, 2001, as chairman of the board, president and chief executive officer until December 31, 2001 and as chairman of the board and chief executive officer from January 1, 2002 until December 31, 2004. Mr. August's employment agreement provides that he is entitled to receive a minimum annual base salary of $300,000 until December 31, 2002 and $100,000 from January 1, 2003 until December 31, 2004. Mr. August is also entitled to receive an annual bonus equal to 4% of our net income during the fiscal years ending December 31, 2001 and 2002 and an annual bonus equal to 3% and 2% of our net income during the fiscal years ending December 31, 2003 and 2004, respectively. ... Executive Compensation The following table sets forth all compensation awarded to, earned by, or paid for all services rendered to us during the fiscal years ended December 31, 2000, 1999 and 1998, by our chief executive officer and our other executive officers whose total compensation exceeded $100,000. Summary Compensation Table \|Arthur August, \| 2000 \| $307,854 \| $82,000 \| 200,000 \| ... Audit Committee Information and Report Our audit committee is currently comprised of Messrs. Paulick (Chairman), August and McSweeney.
2002-08-09	Arthur August............... 67 Chairman of the Board of Directors, Chief Executive Officer and Director Board of Directors Compensation Currently, directors do not receive cash compensation for serving on our board of directors, although they are reimbursed for the reasonable expenses they incur in attending meetings. Executive Compensation The following table sets forth all compensation awarded to, earned by, or paid for all services rendered to us during the fiscal years ended December 31, 2001, 2000 and 1999, by our chief executive officer and our other executive officers whose total compensation exceeded $100,000. Arthur August, 2001 $303,180 -0- 100,000 Chief Executive 2000 $307,854 $82,000 200,000 Officer 1999 $313,114 $36,000 115,000 Audit Committee Information and Report Our audit committee is currently comprised of Messrs. Paulick (Chairman), August and McSweeney.
2003-04-25	Arthur August, one of our founders, has been the chairman of the board and a director since January 1980 and was our president until December 31, 2001 and our chief executive officer until December 31, 2002. ... Board of Directors Compensation ... each such director will receive an annual cash fee of $5,000 (payable quarterly) and be granted options to purchase 5,000 common shares (on April 1st of each year) under an existing option plan. Additionally, the chairman of the audit committee will be paid an additional annual cash fee of $20,000 (payable quarterly) and be granted an additional 15,000 options and the chairman of the strategic planning committee will be paid an additional annual cash fee of $10,000 (payable quarterly). ... Executive Compensation ... Arthur August 2002 $317,237 salary, $180,660 bonus ... Strategic Planning Committee Information ... The strategic planning committee is currently comprised of Eric Rosenfeld (chairman), Arthur August and Edward J. Fred.
2004-05-12	ARTHUR AUGUST, one of our founders, has been the chairman of the board of directors since January 1980 and was our president until December 2001 and our chief executive officer until December 2002. ... BOARD OF DIRECTORS COMPENSATION ... Under this program, commencing on April 1, 2003, each such director received an annual cash fee of $5,000 (paid quarterly) and was granted options to purchase 5,000 common shares. Effective January 1, 2004, the annual cash fee was increased to $10,000 (payable quarterly) and the number of options was increased to 10,000, which are granted to each such director on April 1st of each year. Additionally, the chairman of the audit committee will be paid an additional annual cash fee of $20,000 (payable quarterly) and be granted an additional 15,000 options and the chairman of the strategic planning committee will be paid an additional cash fee of $10,000 payable quarterly. ... The following table sets forth all compensation awarded to, earned by, or paid for all services rendered to us during the fiscal years ended December 31, 2003, 2002 and 2001, by our chief executive officer and our other executive officers whose total compensation exceeded $100,000 ("Named Executive Officers"). ... Arthur August 2003 $126,612 $184,000 -0- Chairman (1) 2002 $317,237 $180,660 85,000 2001 $303,180 -0- 100,000 ... Mr. August's annual base salary is currently $100,000. Mr. August is required to devote only such time to our business as he, in his sole discretion, deems necessary. Mr. August's annual base salary is currently $100,000. Mr. August is required to devote only such time to our business as he, in his sole discretion, deems necessary. Mr. August received a bonus equal to 4% of our net income for the year ended December 31, 2002; 3% for the year ended December 31, 2003; and will receive 2% for the year ending December 31, 2004.
2005-04-22	Arthur August, one of our founders, has been our chairman emeritus since January 2005 and a director since January 1980. From January 1980 until December 2004, he was chairman of the board of directors and was our president until December 2001 and our chief executive officer until December 2002. The following table sets forth all compensation awarded to, earned by, or paid for all services rendered to us during the fiscal years ended December 31, 2004, 2003 and 2002, by our chief executive officer and our other executive officers whose total compensation exceeded $100,000 during the year ended December 31, 2004. Arthur August 2004 Salary $122,157 Bonus $101,521.
2006-05-02	Arthur August, one of our founders, has been our chairman emeritus since January 2005 and a director since January 1980. ... From January 1980 until December 2004, he was chairman of the board of directors and was our president until December 2001 and our chief executive officer until December 2002. ... The strategic planning committee is currently comprised of Eric Rosenfeld (chairman), Arthur August and Edward J. Fred. ... Under the terms of Mr. August’s employment agreement, as amended, effective January 2005, he became our chairman emeritus and will serve in that position until December 31, 2006 and receive an annual base salary of $60,000.