Luna Innovations initiates strategic review; CEO/CTO terminated for cause, new CFO named

LUNA INNOVATIONS INC

Board initiates strategic alternatives review, including potential sale; Evercore engaged as financial advisor.
CTO Brian Soller terminated for cause; former CEO Scott Graeff determined to have Cause, triggering clawback of 10,000 RSUs.
CFO George Gomez-Quintero resigned effective May 1; John Roiko appointed CFO with $300K base salary and 400,000 RSU award.
Seven additional employees terminated in connection with special committee's independent review of historical financial statements.
Industry veterans Alex Davern (ex-NI CEO) and Kevin Ilcisin retained as consultants to lead strategy and operations review.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

George Gomez-Quintero

Chief Financial Officer

LUNA INNOVATIONS INC

Effective: 2024-05-01
Successor: John C. Roiko
Filed: May 1, 2024, 7:59 PM ET

On April 29, 2024, George Gomez-Quintero, the Chief Financial Officer of the Company, notified the Company of his resignation, effective May 1, 2024.

Appointed

John C. Roiko

Chief Financial Officer

LUNA INNOVATIONS INC

Effective: 2024-05-01
Filed: May 1, 2024, 7:59 PM ET

Effective May 1, 2024, the Board appointed John C. Roiko as the Company’s Chief Financial Officer, in which capacity he will serve as the Company’s principal financial and accounting officer.

Departed

Brian Soller

Chief Technology Officer and Executive Vice President of Corporate Development

LUNA INNOVATIONS INC

Effective: 2024-05-01
Filed: May 1, 2024, 7:59 PM ET

On April 26, 2024, the Board of Directors (the “Board”) of Luna Innovations Incorporated (the “Company”) approved the termination of the employment of Brian Soller, the Chief Technology Officer and Executive Vice President of Corporate Development of the Company, for cause, effective as of May 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

George Gomez-Quintero resigned as Chief Financial Officer at LUNA INNOVATIONS INC.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On April 29, 2024, George Gomez-Quintero, the Chief Financial Officer of the Company, notified the Company of his resignation, effective May 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John C. Roiko was appointed as Chief Financial Officer at LUNA INNOVATIONS INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective May 1, 2024, the Board appointed John C. Roiko as the Company’s Chief Financial Officer, in which capacity he will serve as the Company’s principal financial and accounting officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Soller was terminated as Chief Technology Officer and Executive Vice President of Corporate Development at LUNA INNOVATIONS INC.

Action: terminated
Role: Chief Technology Officer and Executive Vice President of Corporate Development

Exact text from the filing

On April 26, 2024, the Board of Directors (the “Board”) of Luna Innovations Incorporated (the “Company”) approved the termination of the employment of Brian Soller, the Chief Technology Officer and Executive Vice President of Corporate Development of the Company, for cause, effective as of May 1, 2024.

View on SEC.gov

Source: SEC EDGAR

accession 0001239819-24-000058

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