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    Shahram Askarpour

    Chief Executive Officer (CEO) at Innovative Solutions and Support Inc
    Board
    Since January 14, 2022
    Age
    67 years
    Education
    Holds an undergraduate degree in Electrical Engineering from Middlesex University, a postgraduate Certificate of Advanced Study in Systems Engineering, and a PhD in Automatic Control from Brunel University London, along with additional management courses at Carnegie Mellon University and finance courses at the Wharton School of the University of Pennsylvania.
    Tenure
    Joined ISSC as Vice President of Engineering in 2003, was promoted to President in March 2012, and appointed as Chief Executive Officer in January 2022.

    Also at Innovative Solutions and Support Inc

    JD
    Jeffrey DiGiovanni
    Chief Financial Officer (CFO)

    About

    Dr. Askarpour has over 40 years of experience in the aerospace industry with a solid educational foundation from prestigious UK universities and additional professional courses that have reinforced his technical and managerial expertise.

    He began his career at ISSC in 2003 as the Vice President of Engineering and quickly advanced, serving as President from March 2012 before being appointed as the Chief Executive Officer in January 2022.

    Under his leadership, ISSC has pursued significant growth initiatives and strategic investments, reflecting a commitment to innovation and excellence in both engineering and executive management.

    $ISSC Performance Under Shahram Askarpour

    Past Roles

    OrganizationRoleDate RangeDetails
    Innovative Solutions and Support, Inc. (ISSC) President March 2012 - January 2022 Promoted prior to CEO appointment
    Innovative Solutions and Support, Inc. (ISSC) Vice President of Engineering 2003 - March 2012 Oversaw engineering operations
    Smiths Aerospace (Smiths Group plc) Not Specified N/A Gained managerial and technical experience in aerospace
    Instrumentation Technology Not Specified N/A Worked in the aerospace industry
    Marconi Avionics Not Specified N/A Held managerial and technical positions in aviation
    Brunel University Associate Research Fellow N/A Awarded for three consecutive years; published papers in peer-reviewed journals

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary$500,000 Annual (FY 2024)Base salary for fiscal year 2024
    All Other Compensation$8,258 FY 2024Savings Plan contribution
    Restricted Stock Units (RSUs)40,024 shares ($325K) 8.33% vests on 09/30/2024, then 8.33% each quarter thereafterMarket value of unvested shares as of FY 2024: $260,956

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    MetricTarget/ThresholdWeight (%)Actual Result
    RevenueTarget: $44,138,000; Max: $66,207,00033%$47,198,020
    Adjusted Operating IncomeTarget: $10,470,428; Max: $15,705,64233%$11,446,807
    Qualitative Assessment100% achievement required33%Achieved 100%

    Annual Incentive Bonus: $500,000 paid on December 20, 2024.

    Option Awards

    ComponentDetails
    Number of Options97,014
    Grant DateFebruary 22, 2024
    Grant Date Fair Value$429,000
    Grant Date Stock Price$8.12
    Vesting Schedule26% vested immediately; remaining 25% per annum over four years
    Expiration DateFebruary 22, 2034
    Performance MetricsRevenue (Target: $44,138,000, Max: $66,207,000; 33%), Adjusted Operating Income (Target: $10,470,428, Max: $15,705,642; 33%), and Qualitative Assessment (33%)
    Additional DetailsMarket value of unvested shares as of FY 2024: $260,956