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Luna Innovations Incorporated (NASDAQ: LUNA) announced two inducement grants under its 2024 Inducement Plan. The grants include 400,000 restricted stock units to John C. Roiko and 350,000 restricted stock units to Will Denman. These grants were made to secure their employment and are subject to specific vesting conditions. The grants will accelerate upon certain events.
Luna Innovations Incorporated (NASDAQ: LUNA) has appointed new senior leadership members, including Will Denman as Senior Vice President, Sales, North America, Matthew Friedman as Vice President, Product Marketing, and Heather Matzke-Hamlin as Public Accounting Advisor. Denman brings over 20 years of sales and marketing experience, Friedman has extensive experience in product marketing and management, and Matzke-Hamlin brings over 30 years of public accounting and internal control experience. The new appointments aim to strengthen Luna's operations and drive value for stakeholders in the fiber optic-based technology sector.
Luna Innovations Incorporated (NASDAQ: LUNA) has retained senior executives Alex Davern and Kevin Ilcisin as consultants to provide strategic advice. John Roiko has been appointed as Chief Financial Officer. The Board of Directors is exploring strategic alternatives with the help of Evercore. Special Committee Independent Review is ongoing. The company has terminated the employment of Chief Technology Officer Brian Soller and seven additional employees. Former President and CEO Scott Graeff's conduct triggered clawback provisions. The strategic review process will consider various options including a potential sale or merger.
