Filing Analysis
CPS Technologies Corp. entered into a 12-year and 10-month lease agreement for 80,000 square feet of space in Attleboro, MA, to relocate its corporate and manufacturing operations in 2027. The deal includes a $3.2 million landlord contribution for improvements, contingent upon the company spending $1.6 million first.
🚩 Red Flags
- Significant long-term lease liability (nearly 13 years) for a micro-cap company.
- Substantial upfront capital requirement: Company must spend $1.6 million before receiving any landlord contribution.
- Rent escalation: Base rent jumps significantly from $85k/month to ~$1.05M/year after the initial 6-month period.
📋 Key Facts
- Lease effective date: August 19, 2026.
- Premises: 80,000 rentable square feet at 523 Pleasant Street, Attleboro, MA.
- Term: 12 years and 10 months, with two 5-year extension options.
- Rent structure: Base rent starts Dec 1, 2027, at $85,000/month for 6 months, then increases to ~$1.05 million for the following year, with 3% annual increases thereafter.
- Landlord contribution: Up to $3.2 million for qualifying alterations/improvements, subject to a $1.6 million minimum company spend.
- Security deposit: $510,000 (potentially reducible to $255,000).
- Relocation timeline: Planned during 2027.
CPS Technologies Corp. filed an 8-K to announce the release of its financial results for the three months ended June 27, 2026. The filing serves as a formal notification that earnings data is being made public via press release.
📋 Key Facts
- Company announced financial results for the quarter ending June 27, 2026.
- The announcement was made on August 5, 2026.
- Financial details are contained in Exhibit 99.1 (Press Release) and Exhibit 99.2.
CPS Technologies Corp. completed a registered direct offering of 1.2 million shares of common stock at $8.00 per share, raising approximately $9.0 million in net proceeds. Simultaneously, the company amended its Certificate of Incorporation to increase authorized common stock from 20 million to 25 million shares.
🚩 Red Flags
- Dilution: The issuance of 1.2 million shares and the increase in authorized shares (25% increase) will dilute existing shareholders
- Multiple 8-K items: Filing includes Item 1.01, 5.03, and 8.01
📋 Key Facts
- Offering size: 1,200,000 shares of Common Stock
- Purchase price: $8.00 per share
- Net proceeds: Approximately $9.0 million
- Closing date: May 29, 2026
- Placement Agent: Roth Capital Partners, LLC (paid a 5.5% cash fee)
- Authorized share increase: Increased from 20,000,000 to 25,000,000 shares
- Lock-up: Company agreed not to issue further shares or convertible securities for 45 days post-closing
- Variable Rate Transaction restriction: 180-day restriction on specified variable rate transactions
CPS Technologies Corp. has appointed Christopher S. Fraser as its new Chief Financial Officer, effective May 18, 2026, to succeed the retiring Charles K. Griffith Jr. Mr. Fraser brings extensive experience from industrial and aerospace manufacturing, including a recent role at a Berkshire Hathaway subsidiary.
📋 Key Facts
- Christopher S. Fraser (age 63) appointed as CFO effective May 18, 2026.
- Outgoing CFO Charles K. Griffith Jr. will retire at the end of May 2026, allowing for a short transition period.
- Mr. Fraser's compensation includes an annual base salary of $270,000 and a grant of 60,000 stock options vesting over four years.
- Mr. Fraser's professional background includes serving as Controller at Precision Castparts Corp (a Berkshire Hathaway subsidiary) and senior roles at A.W. Chesterton and Oxford Instruments.
- The employment package includes a $25,000 relocation payment and a Change of Control (COC) Agreement providing 12 months of salary continuation.
CPS Technologies Corp. announced its financial results for the first quarter ended March 28, 2026. The disclosure was made via a press release and accompanying financial data filed as exhibits to the 8-K.
📋 Key Facts
- Financial results cover the three-month period ending March 28, 2026.
- The press release announcing these results was issued on May 4, 2026.
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 8.01 (Other Events).
- The report was signed by CFO Charles K. Griffith Jr. on May 6, 2026.
CPS Technologies Corp. reported the results of its 2026 Annual Meeting of Stockholders, which included the election of five directors and the approval of an increase in authorized common shares. Following the meeting, the Board of Directors appointed I. James Cavoli as the new Chairman of the Board.
🚩 Red Flags
- The 25% increase in authorized shares (from 20M to 25M) provides the company with the capacity for significant future equity dilution.
- Director Grant C. Bennett received notably lower support (71.3% 'For') compared to other nominees who all received over 90% support.
📋 Key Facts
- The Annual Meeting was held on April 30, 2026, with 60.6% of eligible shares represented.
- Stockholders approved an amendment to the Certificate of Incorporation to increase authorized common shares from 20,000,000 to 25,000,000.
- Five directors were elected: Grant C. Bennett, Francis J. Hughes, Jr., Daniel C. Snow, I. James Cavoli, and Ralph M. Norwood.
- I. James Cavoli was elected Chairman of the Board immediately following the meeting.
- Executive compensation was approved on an advisory basis, with stockholders favoring an annual frequency for future votes.
CPS Technologies Corp. announced its financial results for the fourth quarter and fiscal year ended December 27, 2025, through a press release and supplemental financial tables.
📋 Key Facts
- Reporting period covers the three and twelve months ended December 27, 2025
- The filing includes Item 2.02 (Results of Operations and Financial Condition) and Item 8.01 (Other Events)
- Exhibit 99.1 contains the press release dated March 2, 2026
- Exhibit 99.2 provides detailed financial results for the fiscal year
CPS Technologies Corp. announced that CFO and Corporate Secretary Charles K. Griffith, Jr. intends to retire in mid-to-late 2026. The departure is planned for a smooth transition with the successor.
📋 Key Facts
- Charles K. Griffith, Jr. notified the Board of his intention to retire from his roles as CFO and Corporate Secretary.
- Retirement is expected to become effective in mid-Q2 or early Q3 of 2026.
- The company will commence a search for a successor immediately.
- Mr. Griffith intends to assist with the transition once a new candidate is selected.
CPS Technologies Corp. filed an 8-K to announce its financial results for the three months ended September 27, 2025. The filing serves as a formal announcement of the earnings release issued on October 29, 2025.
📋 Key Facts
- The company released financial results for the quarter ending September 27, 2025.
- Financial results cover both the three-month and six-month periods ended September 27, 2025.
- The filing was signed by Chief Financial Officer Charles K. Griffith, Jr.
CPS Technologies Corp. completed a public offering of 3,450,000 shares of common stock at $3.00 per share, resulting in approximately $9.5 million in net proceeds. The funds are intended for general corporate purposes, including working capital and facility expansion.
🚩 Red Flags
- Dilution: Issuance of 3.45 million new shares increases the float and dilutes existing shareholders.
📋 Key Facts
- Offered 3,000,000 shares with an overallotment option of 450,000 shares (fully exercised).
- Offering price: $3.00 per share.
- Total net proceeds: approximately $9.5 million after expenses and commissions.
- Closing date: October 8, 2025.
- Includes a 90-day lock-up period for directors and executive officers.
- Proceeds to be used for working capital, capital expenditures, and expanding production capacity via a facility move.
CPS Technologies Corp. issued an 8-K to announce its financial results for the three months ended June 28, 2025. The filing serves as a formal announcement of the release of quarterly and half-year earnings data.
📋 Key Facts
- Financial results announced for the three months ended June 28, 2025.
- Financial results also provided for the six months ended June 28, 2025.
- The filing includes a press release (Exhibit 99.1) and financial statements (Exhibit 99.2).
CPS Technologies Corp. filed an 8-K to announce its financial results for the three months ended March 29, 2025. The filing serves as a formal notification of the release of quarterly earnings data.
📋 Key Facts
- Report date: April 30, 2025
- Reporting period: Three months ended March 29, 2025
- The company issued a press release (Exhibit 99.1) and financial results (Exhibit 99.2) regarding its quarterly performance.
- Signed by Charles K. Griffith Jr., Chief Financial Officer.
CPS Technologies Corp. held its 2025 Annual Meeting of Stockholders on April 29, 2025. The meeting resulted in the successful election of five directors and approval of executive compensation and auditor ratification.
📋 Key Facts
- Annual Meeting held on April 29, 2025.
- Quorum reached with 7,661,702 shares (52.7% of outstanding common stock) present in person or by proxy.
- Five directors elected: Grant C. Bennett, Francis J. Hughes, Jr., Daniel C. Snow, I. James Cavoli, and Ralph M. Norwood.
- Named executive officer compensation approved with 96.4% 'For' votes.
- Ratification of independent registered Public Accounting Firm approved with 94.6% 'For' votes.
CPS Technologies Corp. filed an 8-K to disclose a presentation made to investors during its annual general meeting on April 29, 2025.
📋 Key Facts
- The company held its annual general meeting on April 29, 2025.
- An investor presentation was delivered at the meeting and subsequently posted to the company's website.
- The filing includes a cautionary note regarding forward-looking statements contained in the exhibit.
CPS Technologies Corp. filed an 8-K to announce its financial results for the quarter and twelve months ended December 28, 2024.
📋 Key Facts
- Financial results announced for the period ending December 28, 2024.
- The filing includes a press release (Exhibit 99.1) and financial results (Exhibit 99.2).
- Report date of event is March 12, 2025; Filing date is March 14, 2025.
CPS Technologies Corp. announced the appointment of I. James Cavoli to its Board of Directors on December 3, 2024. Mr. Cavoli brings significant leadership experience from Swagelok Company and a background in finance and military service.
📋 Key Facts
- Appointment date: December 3, 2024
- New Director: I. James Cavoli (62)
- Mr. Cavoli is the current President of Swagelok Company
- Previous roles include COO and CFO at Swagelok Company
- Educational background includes Georgetown University and Harvard Business School
CPS Technologies Corp. filed an 8-K to announce its financial results for the quarter and nine months ended September 28, 2024.
📋 Key Facts
- Financial results were announced via press release on October 30, 2024.
- The reporting period covers the quarter and nine months ended September 28, 2024.
- The filing includes Exhibit 99.1 (press release) and Exhibit 99.2 (financial results).
CPS Technologies Corp. announced the dismissal of its previous auditor, Wolf & Company, P.C., and the appointment of PKF O’Connor Davies as its new independent registered public accounting firm.
🚩 Red Flags
- Auditor change is a common red flag in micro-cap companies, though the company explicitly denies any disagreements with the outgoing firm.
- The dismissal is timed around the completion of a quarterly review (10-Q), which can sometimes indicate friction regarding reporting timelines or complexities.
📋 Key Facts
- Dismissal of Wolf & Company, P.C. effective upon completion of the review of Form 10-Q for the quarter ended September 28, 2024.
- Appointment of PKF O’Connor Davies (PKFOD) on October 10, 2024, for the fiscal year ending December 28, 2024.
- The company stated there were no disagreements with Wolf regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedure.
- Previous audit reports (FY2023 and FY2022) did not contain adverse opinions, disclaimers of opinion, or qualifications.
CPS Technologies Corp. issued an 8-K to announce its financial results for the quarter and six months ended June 29, 2024.
📋 Key Facts
- The filing reports on financial results for the period ending June 29, 2024.
- Results were announced via press release on July 31, 2024.
- The report was signed by CFO Charles K. Griffith, Jr. on August 1, 2024.
CPS Technologies Corp. announced the resignation of Board member Thomas Culligan, effective June 21, 2024. The departure is reportedly not due to any disagreements with the company's operations or management.
🚩 Red Flags
- Loss of long-tenured board member (10 years) could indicate a shift in governance, though no disagreement was cited.
📋 Key Facts
- Thomas Culligan will resign from the Board of Directors effective June 21, 2024.
- Mr. Culligan has served on the Board for ten years.
- The resignation is not due to any disagreement regarding company operations, policies, or practices.
CPS Technologies Corp. filed an 8-K to announce the release of its financial results for the quarter ended March 30, 2024.
📋 Key Facts
- The filing was triggered by the issuance of a press release on May 1, 2024.
- The report covers financial results for the fiscal quarter ending March 30, 2024.
- The company is listed on the Nasdaq Capital Market under ticker CPSH.
CPS Technologies Corp. held its 2024 Annual Meeting of Stockholders on April 25, 2024. The company successfully elected five directors and received shareholder approval for executive compensation and the selection of its independent auditor.
📋 Key Facts
- Annual Meeting held on April 25, 2024.
- Quorum reached with 7,377,711 shares (50.8% of outstanding common stock) present in person or by proxy.
- All five director nominees were elected with support exceeding 65% of votes cast.
- Shareholders approved named executive officer compensation with 96.1% 'For' votes.
- Shareholders ratified the selection of the independent registered Public Accounting Firm with 99.1% 'For' votes.
CPS Technologies Corp. issued an 8-K to announce its financial results for the quarter and fiscal year ended December 30, 2023. The filing serves as a formal announcement of the release of their periodic earnings data.
📋 Key Facts
- Financial results were announced on March 6, 2024.
- The reporting period covers the quarter and full year ended December 30, 2023.
- The filing includes a press release (Exhibit 99.1) and financial results (Exhibit 99.2).