---
schema_version: "secwatch.filing_event.v1"
accession: "0001239819-24-000058"
form_type: "8-K"
ticker: null
cik: "0001239819"
company_name: "LUNA INNOVATIONS INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:14:33.715456+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001239819-24-000058
- form_type: 8-K
- cik: 0001239819
- company_name: LUNA INNOVATIONS INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000058/0001239819-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000058/luna-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001239819-24-000058
- JSON: https://secwatch.observer/filing/0001239819-24-000058.json
- Plain text: https://secwatch.observer/filing/0001239819-24-000058.txt

## Key facts
- Executive change
  George Gomez-Quintero resigned as Chief Financial Officer at LUNA INNOVATIONS INC.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On April 29, 2024, George Gomez-Quintero, the Chief Financial Officer of the Company, notified the Company of his resignation, effective May 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000058/0001239819-24-000058-index.htm
- Executive change
  John C. Roiko was appointed as Chief Financial Officer at LUNA INNOVATIONS INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000058/0001239819-24-000058-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000058/0001239819-24-000058-index.htm

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