8-K
filed September 9, 2024, 7:59 PM ET
ticker INVE
CIK 0001036044
M&A
confidence high
sentiment neutral
materiality 0.85
Identiv, Inc. (INVE): M&A transaction — Identiv closes $144.2M sale of Physical Security Business; CEO replaced by Newquist
Identiv, Inc.
- Closed asset sale to Hawk Acquisition (Vitaprotech) for ~$144.2M cash, subject to adjustments.
- CEO Steven Humphreys resigned; Kirsten Newquist appointed CEO and Class I director effective Sept 6.
- Pro forma net loss rises to $12.3M (6mo2024) and $12.6M (FY2023) after removing Physical Security ops.
- Humphreys granted 365,000 vested RSUs; CFO Scarpulla 65,000; Humphreys' option extended to 12 months post-termination.
- Management projects ~$2.7M semiannual cost savings from non-accelerated filer transition and strategic review completion.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kirsten Newquist was appointed as Class I Director at Identiv, Inc..
- Action
- appointed
- Role
- Class I Director
Exact text from the filing
the Board unanimously appointed Kirsten Newquist, the Company’s President, IoT Solutions, as Chief Executive Officer and as a Class I director of the Board, effective upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Humphreys resigned as Director at Identiv, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mr. Humphreys resigned from his positions as Chief Executive Officer and as a member of the Board, effective September 6, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kirsten Newquist was appointed as Chief Executive Officer at Identiv, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board unanimously appointed Kirsten Newquist, the Company’s President, IoT Solutions, as Chief Executive Officer and as a Class I director of the Board, effective upon the Closing.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Humphreys resigned as Chief Executive Officer at Identiv, Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Humphreys resigned from his positions as Chief Executive Officer and as a member of the Board, effective September 6, 2024.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Identiv, Inc. completed a disposition involving Hawk Acquisition, Inc. for approximately $144.2 million in cash (closed 2024-09-06).
- Action
- disposition
- Counterparty
- Hawk Acquisition, Inc.
- Consideration
- approximately $144.2 million in cash
- Closing
- 2024-09-06
Exact text from the filing
on September 6, 2024 (as amended, the “Purchase Agreement”), by and between the Company and Buyer. As consideration for the Asset Sale, the Company received approximately $144.2 million in cash, subject to further customary adjustments as set forth in the Purchase Agreement. The foregoing description of the Purchase Agreement does not purport to be complete and
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.