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Shahram Askarpour

Chief Executive Officer (CEO) at INNOVATIVE SOLUTIONS & SUPPORT
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 & SUPPORT

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