secwatch.observer — SEC 8-K summary
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Issuer:     Identiv, Inc. (INVE)
CIK:        0001036044
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001193125-24-215891
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/0001193125-24-215891-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1036044/000119312524215891/d857825d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-215891

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