Innventure, Inc. Files 8-K on Officer/Director Changes
Ticker: INVLW · Form: 8-K · Filed: Dec 13, 2024 · CIK: 2001557
Sentiment: neutral
Topics: management-change, officer-appointment, director-election, compensation
TL;DR
Innventure leadership shakeup: new officers elected, exec pay reviewed.
AI Summary
Innventure, Inc. filed an 8-K on December 13, 2024, reporting on events that occurred on December 9, 2024. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates significant changes in the company's leadership and executive compensation structure, which could impact its strategic direction and operational management.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with executive compensation adjustments, can signal internal shifts that may affect company strategy and performance.
Key Players & Entities
- Innventure, Inc. (company) — Registrant
- December 9, 2024 (date) — Earliest event reported
- December 13, 2024 (date) — Filing date
- Learn SPAC HoldCo, Inc. (company) — Former company name
- 6900 Tavistock Lakes Blvd, Suite 400, Orlando, Florida 32827 (address) — Principal executive offices
FAQ
What specific officer positions were affected by the appointments or departures?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers' but does not specify the exact positions in the provided text.
Were there any new directors elected to the board?
Yes, the filing explicitly lists 'Election of Directors' as an item covered.
What is the nature of the 'Compensatory Arrangements of Certain Officers' mentioned?
The filing states that 'Compensatory Arrangements of Certain Officers' are part of the reported items, but the specific details of these arrangements are not provided in this excerpt.
When did Innventure, Inc. change its name from Learn SPAC HoldCo, Inc.?
The date of the name change from Learn SPAC HoldCo, Inc. to Innventure, Inc. was November 17, 2023.
What is the primary business classification for Innventure, Inc. according to the SIC code?
Innventure, Inc. is classified under SIC code 6770, which corresponds to 'BLANK CHECKS'.
Filing Stats: 892 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-12-13 15:22:21
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share INV The Nasdaq Stock Mark
- $12 — Stock Options have an exercise price of $12.20, the closing price of the Common Sto
Filing Documents
- ef20039943_8k.htm (8-K) — 35KB
- ef20039943_ex10-1.htm (EX-10.1) — 61KB
- ef20039943_ex10-2.htm (EX-10.2) — 55KB
- 0001140361-24-049398.txt ( ) — 313KB
- inv-20241209.xsd (EX-101.SCH) — 4KB
- inv-20241209_lab.xml (EX-101.LAB) — 22KB
- inv-20241209_pre.xml (EX-101.PRE) — 16KB
- ef20039943_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. On December 9, 2024, the Compensation Committee (the "Committee") of the Board of Directors of Innventure, Inc. (the "Company") met and approved the grant of equity compensation awards (the "Equity Awards"), including awards to the Company's principal financial officer and certain of the Company's named executive officers (the "NEOs"). The Equity Awards provide participants with an opportunity to earn or vest in equity-based awards under the Company's 2024 Equity and Incentive Compensation Plan, previously filed with the Securities and Exchange Commission. The Committee approved the following equity-based awards in the form of restricted stock units ("RSUs") and stock option grants ("Stock Options"), each with a grant date of December 9, 2024: Name RSUs Stock Options David Yablunosky (CFO) 336,066 163,934 Michael Otworth (NEO) 537,705 262,295 Dr. John Scott (NEO) 336,066 163,934 For Mr. Yablunosky, the RSUs will generally vest in three equal installments following the grant date, starting on May 1, 2025, and annually thereafter, subject to his continuous service to the Company through the applicable vesting date. For Mr. Otworth and Dr. Scott, the RSUs will generally vest on October 2, 2025 or, if earlier, on the same date that the lock-up set forth in the contractual lock-up agreement entered into by each of them on October 24, 2023 (the "Contractual Lock-Up") terminates pursuant to its terms, in each case subject to their continuous service to the Company through the applicable vesting date. For Mr. Yablunosky, the Stock Options will generally vest and become exercisable with respect to (i) 25% of the shares of the Company's common stock, par value $0.0001 per share ("Common Stock"), underlying the Stock Options on May 1, 2025 and (ii) 75% of the shares of Common Stock underlying the Stock Optio
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 10.1 Form of Notice of Grant of Restricted Stock Units and Restricted Stock Units Agreement for Executive Officers 10.2 Form of Notice of Grant of Nonqualified Stock Option and Nonqualified Stock Option Agreement for Executive Officers 104 Cover Page Interactive Data File (formatted in Inline XBRL)
SIGNATURES
SIGNATURES 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. INNVENTURE, INC. Date: December 13, 2024 By: /s/ David Yablunosky Name: David Yablunosky Title: Chief Financial Officer