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Identiv CEO to exit; board names interim chief

Identiv, Inc. is transitioning to interim CEO leadership under a Korn Ferry engagement at about $18,000 per week while its current CEO resigns later in September 2026.

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Identiv, Inc. (INVE) announced leadership changes, confirming the previously disclosed resignation of Chief Executive Officer and director Kirsten Newquist, whose CEO role ends on September 21, 2026 and Board service and employment end on September 30, 2026. On September 14, 2026, the Board appointed James Greenwell, age 67, as Interim Chief Executive Officer, effective September 21, 2026.

Greenwell has held multiple senior leadership roles in technology and consumer products companies, including CEO and board positions. He will be engaged through Korn Ferry under a statement of work, with the company expecting to pay Korn Ferry approximately $18,000 per week, subject to a potential conversion fee if Greenwell is hired directly. The engagement is initially expected to run through March 26, 2027 and can be terminated by the company on two weeks’ written notice. The company states there are no family relationships or related-party transactions involving Greenwell that require disclosure.

Positive

  • None.

Negative

  • CEO resignation and interim transition – Chief Executive Officer and director Kirsten Newquist is resigning in September 2026, prompting an interim CEO appointment and an external Korn Ferry engagement at approximately $18,000 per week, adding leadership transition cost and near‑term uncertainty.

Insights

Analyzing...

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
CEO resignation effective date (CEO role) September 21, 2026 Date Kirsten Newquist’s role as Chief Executive Officer ends
CEO resignation effective date (Board and employment) September 30, 2026 Date Kirsten Newquist’s Board service and employment end
Interim CEO appointment date September 14, 2026 Date the Board appointed James Greenwell as Interim CEO
Interim CEO start date September 21, 2026 Effective date for James Greenwell to begin as Interim CEO
Weekly fee to Korn Ferry $18,000 per week Expected payment for Interim CEO services under the statement of work
Initial SOW end date March 26, 2027 Initial estimated end date of the Korn Ferry statement of work
SOW termination notice period 2 weeks Company may terminate the statement of work on two weeks’ written notice
Interim CEO age 67 years Age of James Greenwell at the time of appointment
Interim Chief Executive Officer financial
"the Board appointed James Greenwell as Interim Chief Executive Officer"
An interim chief executive officer is a temporary leader appointed to run a company while the board searches for a permanent CEO or manages an unexpected departure. Investors pay attention because this person shapes near-term strategy, stability and market confidence—like a substitute driver steering the car until the regular driver returns—and their actions and credibility can influence share price, hiring and major deals.
statement of work financial
"Pursuant to a statement of work between the Company and Korn Ferry"
A statement of work (SOW) is a written agreement that spells out what work will be done, who will do it, when it will be finished, how success is measured, and how payment will be handled. Think of it as a detailed recipe and timeline for a project that both sides sign off on. For investors, an SOW matters because it creates predictable revenue and obligations, clarifies milestones and risks, and helps assess whether a company can deliver on contracts and meet financial forecasts.
conversion fee financial
"Korn Ferry will charge a non-refundable conversion fee if the Company hires"
A conversion fee is a charge applied when an investor exchanges one financial asset for another — for example converting currency, switching between mutual fund share classes, or converting a bond or convertible note into stock. It matters because the fee reduces the net amount you receive from the transaction, like a toll or exchange commission, and can affect the overall return or timing of an investment decision.
Item 404(a) of Regulation S-K regulatory
"no direct or indirect material interest in any transaction required to be disclosed"
Internet of Things technical
"a supply chain technology company providing asset tracking, tracing and collaboration solutions utilizing Internet of Things"
A network of everyday objects—like appliances, machines, vehicles, and sensors—connected to the internet so they can send and receive information and act automatically, like a thermostat that learns your schedule or a factory machine that reports wear. Investors care because these connected devices create new revenue streams, recurring service and data opportunities, and efficiency gains, while also concentrating risks such as security vulnerabilities and ongoing maintenance costs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What leadership change did INVE (Identiv, Inc.) disclose in this 8-K?
Identiv disclosed that CEO and director Kirsten Newquist is resigning, with her CEO role ending September 21, 2026 and Board service and employment ending September 30, 2026. The Board appointed James Greenwell as Interim Chief Executive Officer, effective September 21, 2026.

Who is James Greenwell, the new interim CEO of INVE?
James Greenwell, age 67, has served as CEO of Spectrum Labs, LLC, President and director of SpotLite360 IOT Solutions Inc., and held senior roles at CBD Global Sciences, Intelligrated, Datria Systems, and DecisionOne. He holds an M.B.A. and a B.A. in Business.

How will INVE compensate the interim CEO under the Korn Ferry agreement?
Under a statement of work with Korn Ferry dated September 14, 2026, Identiv expects to pay Korn Ferry approximately $18,000 per week for James Greenwell’s services as Interim CEO. Greenwell will receive his compensation and benefits from Korn Ferry.

What is the term of the Korn Ferry statement of work for INVE’s interim CEO?
The initial estimated end date of the Korn Ferry statement of work is March 26, 2027. Identiv may terminate the SOW upon two weeks’ written notice, and Korn Ferry may charge a non‑refundable conversion fee if the company hires Greenwell directly within a specified period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001036044 0001036044 2026-09-14 2026-09-14
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 14, 2026

 

 

INVE Technologies, Inc.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   000-29440   77-0444317

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

1900-B Carnegie Avenue  
Santa Ana, California   92705
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (657) 356-8384

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 


Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Common Stock, $0.001 par value per share   INVE   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed, Kirsten Newquist, Chief Executive Officer and a member of the Board of Directors (the “Board”) of INVE Technologies, Inc. (the “Company”) has resigned from her position as Chief Executive Officer effective as of September 21, 2026 and from her position as a member of the Board effective September 30, 2026. Ms. Newquist will remain an employee of the Company through September 30, 2026.

On September 14, 2026, the Board appointed James Greenwell as Interim Chief Executive Officer of the Company (“Interim Chief Executive Officer”), effective as of September 21, 2026.

Mr. Greenwell, 67, most recently served as an advisor to a number of private companies. Prior to that, Mr. Greenwell served as Chief Executive Officer of Spectrum Labs, LLC, a consumer products company engaged in the development, manufacturing and distribution of proprietary products, from February 2023 to December 2025. From May 2022 to February 2023, Mr. Greenwell served as an advisor to a number of private companies. Prior to that, Mr. Greenwell served as President and as a member of the Board of Director of SpotLite360 IOT Solutions Inc. (OTC: SPLTF), a supply chain technology company providing asset tracking, tracing and collaboration solutions utilizing Internet of Things, mobile and radio-frequency identification technologies from February 2020 to May 2022. Prior to that, Mr. Greenwell served as Consulting Chief Operating Officer of CBD Global Sciences, Inc. (OTC: CBDNF), consumer products company engaged in product development and national distribution, from January 2019 to February 2020. Following the acquisition of Datria Systems, Inc. by Honeywell Technology Solutions (f/k/a Intelligrated) (NASDAQ: HON), Mr. Greenwell served as Vice President, Voice Product of Intelligrated. Prior to that, Mr. Greenwell served as Chairman and Chief Executive Officer of Datria Systems, Inc. Earlier in his career, Mr. Greenwell also served as Senior Vice President of Sales and Marketing at DecisionOne Corporation (formerly NASDAQ: DCON). Mr. Greenwell holds an M.B.A. from Saint Mary’s College of California and a B.A. in Business from Michigan State University.

Pursuant to a statement of work between the Company and Korn Ferry dated September 14, 2026 (the “SOW”), Mr. Greenwell will receive his compensation and benefits from Korn Ferry. In connection with the appointment of Mr. Greenwell as Interim Chief Executive Officer, the Company expects to pay Korn Ferry approximately $18,000 per week. Pursuant to the SOW, Korn Ferry will charge a non-refundable conversion fee if the Company hires Mr. Greenwell either during the term of the SOW or within twelve months of the SOW’s completion date. The initial estimated end date of the SOW is March 26, 2027. The Company may terminate the SOW upon two weeks’ written notice.

Except as described above, there is no arrangement or understanding between Mr. Greenwell and any other persons pursuant to which he was selected as an interim executive officer. Additionally, there are no family relationships between Mr. Greenwell and any of the Company’s directors or executive officers, and Mr. Greenwell has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    INVE Technologies, Inc.
September 18, 2026     By:  

/s/ Edward Kirnbauer

      Edward Kirnbauer
      Chief Financial Officer

Source: View Original Filing on SEC EDGAR

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