On October 22, 2021, Andrew L. Davis was appointed by the board of directors of CPI Aerostructures, Inc. to the positions of Principal Accounting Officer and Secretary of the Company. Mr. Davis will also serve as Principal Accounting Officer and Secretary of the Company?s wholly-owned subsidiaries, Welding Metallurgy, Inc. and Compac Development Corporation. Mr. Davis has been employed by the Company since May 2021. From 2017 to 2020, Mr. Davis served as chief financial officer of Altice Technical Services, a division of Altice USA, Inc.