AIR INDUSTRIES GROUP 8-K

What Happened
Air Industries Group (AIRI) announced on March 18, 2026 that the Board appointed Scott Glassman as Acting Chief Executive Officer and President of the company and its subsidiaries. Mr. Glassman, who rejoined the company in March 2019 and had served as Chief Financial Officer, Principal Accounting Officer and Secretary since October 16, 2024, will be paid an annual salary of $231,000. Concurrently, the Board appointed Brian Drisgula as Vice President of Finance and Secretary of the company (and Treasurer/Secretary of the subsidiaries); Mr. Drisgula’s annual salary is $165,000.

Key Details

• Appointment date: March 18, 2026 (Scott Glassman as Acting CEO & President).
• Glassman background: Employed at Air Industries 2007–2015, rejoined 2019; served as CFO, Principal Accounting Officer and Secretary prior to this appointment.
• Drisgula background: Employed by AIRI since Oct 2024 (most recently Director of Finance); previously Senior Finance Manager at Circor International (Apr 2023–Oct 2024) and Plant Controller at Akorn (2015–Feb 2023); CPA (NY) since 2000.
• Compensation: Glassman — $231,000/year; Drisgula — $165,000/year; both are employed at will.

Why It Matters
AIRI’s Board promoted internal executives to senior leadership, providing continuity in management and financial oversight. Investors should note the leadership change at the top (Acting CEO) and the company’s reliance on executives with prior finance and aerospace/industrial experience; the filing discloses base salaries but no additional compensation terms or change-in-control provisions. These appointments may affect investor perception of near-term stability and execution but the 8-K contains no forward-looking financial guidance.