secwatch.observer — SEC 8-K summary
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Issuer:     LUNA INNOVATIONS INC (—)
CIK:        0001239819
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001239819-24-000035
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Luna Innovations CEO Scott Graeff retires; Chairman Richard Roedel named interim President and CEO
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- Scott Graeff retired as President/CEO and board member effective March 24, 2024 after 21 years.
- Richard Roedel, Chairman since 2010, appointed Interim Executive Chairman and Interim President.
- Board reduced to seven members; Mary Beth Vitale named lead independent director.
- Board established Operations Committee (Chanley, Phelps, Spiegel) for oversight during transition.
- Roedel receives $37k annual salary plus 154,639 RSUs vesting over 12 months; Graeff gets 9 months salary, COBRA, and 10,000 RSU vesting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1239819/000123981924000035/0001239819-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1239819/000123981924000035/luna-20240324.htm
  HTML page:      https://secwatch.observer/filing/0001239819-24-000035

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