Current Report Filing (8-k)
December 29 2020 - 6:08AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): December 23, 2020
AIR
INDUSTRIES GROUP
(Exact
Name of Registrant as Specified in its Charter)
Nevada
|
|
001-35927
|
|
80-0948413
|
State of Incorporation
|
|
Commission File Number
|
|
IRS Employer I.D.
Number
|
1460
Fifth Avenue, Bay Shore, New York 11706
(Address
of Principal Executive Offices)
Registrant’s
telephone number: (631) 968-5000
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
|
☐
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
☐
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
☐
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
☐
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
|
Trading
Symbol(s)
|
|
Name
of each exchange on
which registered
|
Common
Stock, par value $0.001
|
|
AIRI
|
|
NYSE American
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
1.01 Entry into a Material Definitive Agreement
Air
Industries Group has entered into a Settlement and Release Agreement with CPI Aerostructures, Inc. resolving the dispute with
CPI Aerostructures, Inc. relating to the working capital adjustment arising out of the Company’s sale of Welding Metallurgy,
Inc. to CPI Aerostructures. Pursuant to the Agreement, the balance of the $1,380,684 remaining in escrow will be paid to CPI Aerostructures.
Item
7.01 Regulation FD Disclosure
On
December 28, 2020, the Company issued a press release announcing that it has entered into a Settlement and Release Agreement with
CPI Aerostructures, Inc. resolving the Company’s dispute with CPI Aerostructures, Inc. relating to the working capital adjustment
arising out of the Company’s sale of Welding Metallurgy, Inc. to CPI Aerostructures.
The
information in this Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed as “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject
to the liability of such Section, nor shall it be deemed incorporated by reference in any filing by Air Industries under the Securities
Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly
incorporated by specific reference in such filing.
Item 9.01
Financial Statements and Exhibits.
SIGNATURES
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:
December 28, 2020
|
AIR INDUSTRIES GROUP
|
|
|
|
|
By:
|
/s/ Michael
Recca
|
|
|
Michael Recca
|
2
Air Industries (AMEX:AIRI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Air Industries (AMEX:AIRI)
Historical Stock Chart
From Apr 2023 to Apr 2024