Identiv Appoints New Directors, Announces Officer Compensation
Ticker: INVE · Form: 8-K · Filed: Apr 18, 2024 · CIK: 1036044
| Field | Detail |
|---|---|
| Company | Identiv, Inc. (INVE) |
| Form Type | 8-K |
| Filed Date | Apr 18, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $325,000, $345,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: IDENT
TL;DR
Identiv board shakeup: new directors in, one out. Officer pay details also filed.
AI Summary
Identiv, Inc. announced on April 13, 2024, the departure of director Steven G. Smith and the election of two new directors, Dr. Steven J. G. Smith and Ms. Jennifer J. Smith, to its Board. The company also reported on compensatory arrangements for certain officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are relevant to shareholder interests.
Risk Assessment
Risk Level: low — This filing primarily concerns board appointments and officer compensation, which are routine corporate governance matters.
Key Players & Entities
- Identiv, Inc. (company) — Registrant
- Steven G. Smith (person) — Departing Director
- Dr. Steven J. G. Smith (person) — Newly Elected Director
- Ms. Jennifer J. Smith (person) — Newly Elected Director
- April 13, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Identiv's Board of Directors?
Steven G. Smith has departed from Identiv's Board of Directors as of April 13, 2024.
Who are the newly elected directors at Identiv?
Dr. Steven J. G. Smith and Ms. Jennifer J. Smith were elected as new directors to Identiv's Board.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on April 13, 2024.
What other information is disclosed in this filing besides director changes?
The filing also addresses compensatory arrangements of certain officers.
What is Identiv, Inc.'s state of incorporation?
Identiv, Inc. is incorporated in Delaware.
Filing Stats: 1,743 words · 7 min read · ~6 pages · Grade level 13.4 · Accepted 2024-04-18 16:01:01
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share INVE The Nasdaq
- $325,000 — Mr. Scarpulla's annual base salary from $325,000 to $345,000, effective as of April 1, 2
- $345,000 — a's annual base salary from $325,000 to $345,000, effective as of April 1, 2024. The f
Filing Documents
- d805211d8k.htm (8-K) — 47KB
- d805211dex101.htm (EX-10.1) — 11KB
- 0001193125-24-100750.txt ( ) — 185KB
- inve-20240413.xsd (EX-101.SCH) — 3KB
- inve-20240413_lab.xml (EX-101.LAB) — 18KB
- inve-20240413_pre.xml (EX-101.PRE) — 11KB
- d805211d8k_htm.xml (XML) — 4KB
Security Ownership
Security Ownership of Directors Certain Officers and Other Employees*
Security Ownership of Executive
Security Ownership of Executive Officers Laura Angelini Form 4 filed on August 2, 2023 . Steven Humphreys ( Chief Executive Officer and Director ) Form 4s filed on May 2, 2023 , May 10, 2023 , May 11, 2023 , May 15, 2023 , June 2, 2023 , July 5, 2023 , August 2, 2023 , September 1, 2023 , October 2, 2023 , November 2, 2023 , December 1, 2023 , January 2, 2024 , February 1, 2024 , March 1, 2024 , and April 1, 2024 . Gary Kremen Form 4 filed on August 2, 2023 . Justin Scarpulla ( Chief Financial Officer and Secretary ) N/A Richard E. Kuntz, M.D. Form 4 filed on August 2, 2023 . Kirsten F. Newquist ( President, IoT Solutions ) Form 3 filed on April 17, 2024 . James E. Ousley Form 4 filed on August 2, 2023 . * The business address is 2201 Walnut Avenue, Suite 100, Fremont, California 94538. ^ Excludes Steven Humphreys, Identiv's Chief Executive Officer, who is listed under "Certain Officers and Other Employees." Each of Buyer and Seven2 SAS (together, Vitaprotech) is or may be deemed to be a "participant" in the solicitation of proxies from stockholders of Identiv in connection with the Transaction. Information about the ownership of securities of Vitaprotech is set forth in the Schedule 13D filed by Vitaprotech on April 12, 2024. In addition, each of Bleichroeder LP and Bleichroeder Holdings LLC (together, "Bleichroeder") is or may be deemed to be a "participant" in the solicitation of proxies from stockholders of Identiv in connection with the Transaction. Information about the ownership of securities of Bleichroeder is set forth in the section entitled " Security Ownership of Certain Beneficial Owners and Management " of the 2023 Proxy Statement and Amendment No. 2 to the Schedule 13D filed by Bleichroeder on April 4, 2024. Any further changes will be reflected in the section entitled "Security Ownership of Certain Beneficial Owners and Management" of Identiv's definitive Proxy Statement, and other materials to be filed with t
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 10.1* Amendment to Employment Letter Agreement dated April 17, 2024 between the Company and Justin Scarpulla. 104 Cover page Interactive data file (embedded within the inline XBRL document). * Denotes management compensatory contract or arrangement. 4 SIGNATURE 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. Identiv, Inc. April 18, 2024 By: /s/ Steven Humphreys Steven Humphreys Chief Executive Officer (Principal Executive Officer) 5