Identiv, Inc. Files Definitive Proxy Statement

TL;DR

Identiv (INVE) filed its proxy statement - shareholders vote soon on company matters.

AI Summary

Identiv, Inc. filed a DEFA14A proxy statement on April 4, 2024, indicating it is soliciting materials under Rule 14a-12. The company, formerly known as SCM Microsystems Inc. and Identive Group, Inc., is based in Fremont, CA, and operates in the computer peripheral equipment sector. This filing is a definitive proxy statement, not a preliminary one, and no filing fee was required.

Why It Matters

This filing is important for shareholders as it contains information related to upcoming shareholder meetings, voting matters, and executive compensation, which can impact their investment.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not inherently present new financial risks.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)

Key Players & Entities

• Identiv, Inc. (company) — Registrant
• SCM Microsystems Inc (company) — Former Company Name
• Identive Group, Inc. (company) — Former Company Name
• 2201 Walnut Avenue, Suite 100, Fremont, CA 94538 (company) — Business and Mail Address
• 0001193125-24-086220 (dollar_amount) — Accession Number

FAQ

Key Financial Figures

• $145 m — iv, Inc. will receive a cash payment of $145 million, subject to customary adjustments

Filing Documents

• d796967ddefa14a.htm (DEFA14A) — 177KB
• g796967page4.jpg (GRAPHIC) — 5KB
• 0001193125-24-086220.txt ( ) — 185KB

Forward-Looking Statements

Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management of Identiv and can be identified by words such as anticipate, believe, continue, plan, will, intend, expect, outlook, and similar references to the future. Any statement that is not a historical fact, including statements regarding: Identivs strategy, opportunities, focus and goals; Identiv boards and management teams belief that selling the physical security business and focusing on its IoT business is the best path forward for each; expected benefits of the transaction, including growth potential and significant market expansion opportunities; expected use of proceeds from the transaction; the terms and conditions related to the transaction, including regulatory and stockholder approvals, and terms of the transition services agreement; expectations relating to changes in employment and benefits as a result of the transaction, including employees of Identivs physical security, access cards, and identity reader teams being offered employment with Vitaprotech, and the terms of such employment; expected changes during the transition period, including changes to employment benefits; expectations regarding the treatment of equity awards; the timing of the closing of the transaction; and expectations with respect to the change in management following the completion of the transaction, including expected benefits thereof. Forward-looking statements are only predictions and are subject to a number of risks and uncertainties, many of which are outside Identivs control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ

Security Ownership of Directors

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 . 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, Identivs Chief Executive Officer, who is listed under Certain Officers and Other Employees. 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 transactions contemplated by the agreement. 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. 1 to the Schedule 13D filed by Bleichroeder on October 23, 2023. Any further changes will be reflected in the section entitled Security Identiv, Inc. Definitive Asset Purchase Agreement with Vitaprotech Transaction Talking Points The Transaction Identiv, Inc. has entered into a definitive asset purchase agreement (APA) to sell its physical security, access card, and identity reader businesses (operations and assets) to Vitaprotech, a European security solutions provider. The agreement was signed o

Forward-Looking Statements

Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management of Identiv and can be identified by words such as anticipate, believe, continue, plan, will, intend, expect, outlook, and similar references to the future. Any statement that is not a historical fact, including statements regarding: Identivs strategy, opportunities, focus and goals; Identivs beliefs regarding its competitive position in the markets and industries in which it operates; expected benefits of the transaction; Identivs beliefs that the transaction provides an excellent value creation path for both businesses and is beneficial for all stakeholders; expected amount and use of proceeds from the transaction, including to fund future organic and inorganic growth of its specialty IoT solutions business; the terms and conditions related to the transaction, including regulatory and stockholder approvals, and terms of the transition services agreement; expectations relating to changes in employment as a result of the transaction, including employees of Identivs physical security, access cards, and identity reader teams being offered employment with Vitaprotech; expected changes during the transition period; the timing of the closing of the transaction; and expectations with respect to the change in management following the completion of the transaction, including expected benefits thereof. Forward-looking statements are only predictions and are subject to a number of risks and uncertainties, many of which are outside Identivs control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ materially from those in

View Full Filing

View this DEFA14A filing on SEC EDGAR