8-K
filed September 21, 2026, 8:17 AM ET
ticker INV
CIK 0002001557
other material
confidence high
sentiment positive
materiality 0.70
Innventure refocuses on Accelsius, cuts parent costs ~56%, appoints new CFO
Innventure, Inc.
- CEO Bill Grieco shifts primary focus to Accelsius value; parent-level quarterly cash expenses targeted to fall from $7.5M to ~$3.2M by end-2026 (≈56% cut).
- Eric Stober appointed CFO effective Oct 19, 2026, succeeding David Yablunosky (advisory role); Stober was CFO of Astrotech (ASTC) for 9 years.
- Board resignations: Michael Otworth and John Hewitt stepped down; Michael Madon added as independent director; board size reduced 8→7, with 6 independent.
- Cost-cut figures exclude debt service, severance, litigation; Hewitt remains CEO of Accelsius; Otworth provides transition advisory.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Otworth resigned as Director at Innventure, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On September 18, 2026 (the “Effective Date”), Michael Otworth, a member of the Board of Directors (the “Board”) of Innventure, Inc. (the “Company”), resigned from the Board effective as of the Effective Date in connection with the Board’s initiative to increase the percentage of independent directors serving on the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.8
David Yablunosky changed role as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer at Innventure, Inc..
- Role
- Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer
Exact text from the filing
Following October 19, 2026, Mr. Yablunosky expects to serve in an advisory role with the Company for a period of time to support the transition.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Hewitt resigned as Director at Innventure, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
On the Effective Date, John Hewitt, a member of the Board, resigned from the Board effective as of the Effective Date in connection with the Board’s initiative to increase the percentage of independent directors serving on the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Stober was appointed as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer at Innventure, Inc..
- Action
- appointed
- Role
- Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer
Exact text from the filing
On September 20, 2026, the Board appointed Eric Stober to serve as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective October 19, 2026.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Madon was appointed as Director at Innventure, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On September 20, 2026, the Board, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Michael Madon to fill the vacancy created by Mr. Otworth’s resignation, effective September 28, 2026
View on SEC.gov
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