---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-215891"
form_type: "8-K"
ticker: "INVE"
cik: "0001036044"
company_name: "Identiv, Inc."
filed_at: "2024-09-09T23:59:59+00:00"
generated_at: "2026-05-31T05:49:38.514826+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Identiv closes $144.2M sale of Physical Security Business; CEO replaced by Newquist

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-215891
- form_type: 8-K
- ticker: INVE
- cik: 0001036044
- company_name: Identiv, Inc.
- filed_at: 2024-09-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/d857825d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-215891
- JSON: https://secwatch.observer/filing/0001193125-24-215891.json
- Plain text: https://secwatch.observer/filing/0001193125-24-215891.txt

## Key facts
- Executive change
  Kirsten Newquist was appointed as Class I Director at Identiv, Inc..
  - Action: appointed
  - Role: Class I Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm
- Executive change
  Steven Humphreys resigned as Director at Identiv, Inc..
  - Action: resigned
  - Role: Director
  source text: Mr. Humphreys resigned from his positions as Chief Executive Officer and as a member of the Board, effective September 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm
- Executive change
  Kirsten Newquist was appointed as Chief Executive Officer at Identiv, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm
- Executive change
  Steven Humphreys resigned as Chief Executive Officer at Identiv, Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: Mr. Humphreys resigned from his positions as Chief Executive Officer and as a member of the Board, effective September 6, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.