Neighborhood Intelligence names Kosturos interim CFO

Neighborhood Intelligence reports more than $50 million of SG&A removed year to date and at least $30 million in additional savings opportunities identified.

Rhea-AI Filing Summary

Neighborhood Intelligence, Inc. (NXH) appointed Paul Kosturos interim chief financial officer and principal financial officer on October 5, 2026; Brian LaRose resigned as chief financial officer and principal financial officer effective that date. Kosturos is a managing director at Alvarez & Marsal, where he has worked since 2009. The finance organization also includes Jill Windrum, chief accounting officer and deputy chief financial officer, and Emma Haugh, retail chief financial officer.

The company said the combined businesses had removed more than $50 million of SG&A year to date and identified at least an additional $30 million of savings opportunities through contract and technology consolidation, organizational simplification and eliminating duplication. It has begun exiting several dozen locations, with closures expected to be completed by year-end. After Alvarez & Marsal’s supply-chain assessment, Neighborhood Intelligence reconfigured its supply-chain team and strategy, and has been rebalancing and rebuilding inventory since closing The Container Store transaction.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

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.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

SG&A removed: More than $50 million Identified savings opportunities: At least an additional $30 million Locations being exited: Several dozen locations

3 metrics

SG&A removed More than $50 million Year to date

Identified savings opportunities At least an additional $30 million Opportunities identified through consolidation, simplification and eliminating duplication

Locations being exited Several dozen locations Closures expected to be completed by year-end

Key Terms

SG&A, working capital management, FP&A, carve-outs

4 terms

SG&A financial

"removed more than $50 million of SG&A"

SG&A stands for Selling, General, and Administrative expenses. It includes the costs a company spends on selling products, running the business day-to-day, and managing staff, like advertising, rent, and salaries. These expenses matter because they affect how much profit a company can make from its sales.

working capital management financial

"working capital management improvements"

Working capital management is the ongoing process of balancing a company’s short-term assets and obligations—like cash, customer payments, inventory and supplier bills—to keep day-to-day operations running smoothly and ensure it can meet near-term expenses. Investors care because efficient management is like a household keeping enough cash on hand while avoiding wasted stock: it supports steady cash flow, reduces risk of short-term crises, and can improve profitability and growth potential.

FP&A financial

"financial controls, FP&A, M&A and operational finance"

Financial planning and analysis (FP&A) involves examining a company's financial data to help guide its future decisions. It’s like creating a detailed roadmap that shows where the business is now, where it wants to go, and how to get there. Investors rely on FP&A to understand a company's financial health and its potential for growth, making it a key tool for assessing investment opportunities.

carve-outs financial

"integrations, including carve-outs"

FAQ

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

How much SG&A has NXH removed, and what additional savings has it identified?

Neighborhood Intelligence said the combined businesses had removed more than $50 million of SG&A year to date and identified at least an additional $30 million of savings opportunities. The opportunities include contract consolidation and renegotiation, technology consolidation, organizational simplification and eliminating duplication.

When does NXH expect to complete its location closures?

Neighborhood Intelligence said it had begun exiting several dozen locations, with those closures expected to be completed by year-end.

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

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Available on EDGAR 10/05/2026 - 05:16 PM Accepted by SEC EDGAR 10/05/2026 - 05:15 PM Learn about SEC filing dates

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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): October 5, 2026

Neighborhood Intelligence, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-41850	87-0634302
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

433 W. Ascension Way, 3rd Floor

Murray, Utah 84123

(Address of principal executive offices)

(801) 947-3100

(Registrant’s telephone number, including area code)

Not Applicable

(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, $0.0001 par value per share		NXH		The Nasdaq Stock Market LLC
Warrants to Purchase Shares of Common Stock		BBBYW		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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.

Interim CFO Appointment

On October 5, 2026, the Board of Directors of Neighborhood Intelligence, Inc. (the “Company”) appointed of Paul Kosturos as Interim Chief Financial Officer and, in this capacity, will serve as the Company’s principal financial officer. Mr. Kosturos succeeds Brian LaRose, the Company’s Chief Financial Officer and principal financial officer, who, on October 5, 2026, tendered his resignation effective as of such date.

Mr. Kosturos, age 61, is a Managing Director at Alvarez & Marsal Private Equity Performance Improvement Group, LLC (“A&M”), an international professional services firm, where he has worked since 2009. Mr. Kosturas specializes in interim CFO assignments, mergers and acquisitions integrations, including carve-outs, external and internal financial reporting, forecasting and budgeting including identifying and implementing cost reductions, working capital management improvements, internal controls design and process improvements, shared services processing and ERP system design and implementations. Before joining A&M, Mr. Kosturos was the Vice President and Corporate Controller for JDS Uniphase, a billion dollar plus publicly traded telecommunications company. Mr. Kosturos earned a Bachelor’s of Science degree in accounting from the California State Polytechnic University, Pomona, and is a Certified Public Accountant.

There are no arrangements or understandings between Mr. Kosturos and any other person pursuant to which he was selected as an officer.

Mr. Kosturos does not have any family relationship with any of the Company’s directors or executive officers.

Neither Mr. Kosturos nor any of his immediate family members has had (or proposes to have) a direct or indirect material interest in a transaction in which the Company or any of the Company’s subsidiaries was (or is to be) a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.

In connection with his appointment, Mr. will also enter into the Company’s standard form of indemnification agreement for directors and officers.

Item 7.01 Regulation FD.

On October 5, 2026, the Company issued a press release announcing the transition of the Company’s chief financial officer. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference to this Item 7.01.

The information set forth in this Item 7.01 including the information set forth in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated October 5, 2026.
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document)

SIGNATURES

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.

		NEIGHBORHOOD INTELLIGENCE, INC.
Date: October 5, 2026
	By:	/s/ Mehgan Peetz
		Mehgan Peetz
		Chief Administrative & Legal Officer

Exhibit 99.1

Neighborhood Intelligence Strengthens Financial and Operating Leadership as Company Advances Integration

Paul Kosturos appointed Interim CFO, complementing recent additions of Chief Accounting Officer and Deputy CFO Jill Windrum and Retail CFO Emma Haugh

Company advances expense reduction, technology consolidation, supply chain improvements and organizational simplification

NASHVILLE, Tenn. – October 5, 2026 – Neighborhood Intelligence, Inc. (the “Company”) today announced that Paul Kosturos, a Managing Director with Alvarez & Marsal (“A&M”), has been appointed Interim Chief Financial Officer as the Company continues to strengthen its financial leadership and accelerate the integration and right-sizing of its businesses.

Brian LaRose will depart the Company as Chief Financial Officer. LaRose served as CFO of The Container Store through the completion of its transaction with Neighborhood Intelligence and continued to support the combined organization during the initial integration of the businesses. The Company thanks Brian for his leadership and contributions during an important period for both organizations.

Kosturos joins a recently strengthened finance organization that includes Jill Windrum, Chief Accounting Officer and Deputy Chief Financial Officer, and Emma Haugh, Retail CFO. The Company has also expanded its strategic relationship with A&M to provide specialized expertise across finance and accounting, technology consolidation and organizational structure.

“Our focus is to simplify the business, flatten the organization and remove unnecessary costs while continuing to grow revenue and expand margin,” said Marcus Lemonis, Chief Executive Officer of Neighborhood Intelligence. “We have made meaningful progress, and we are assembling the right team and expertise to continue that work.”

Integration and Operating Progress

Year to date, the combined companies have removed more than $50 million of SG&A as each business has taken steps to improve its individual cost structure. As the businesses come together, the Company has identified at least an additional $30 million of savings opportunities through contract consolidation and renegotiation, technology consolidation, organizational simplification and the elimination of unnecessary duplication.

Following A&M’s comprehensive supply chain assessment, the Company has reconfigured its supply chain team and strategy to accelerate improvements in inventory flow, distribution, fulfillment and efficiency. Since the July 11 closing of The Container Store transaction, the Company has also been rebalancing and rebuilding inventory to support its sales objectives and has begun exiting several dozen locations, with those closures expected to be completed by year-end.

“We have spent the quarter taking deliberate actions to position the business for profitable growth,” said Amy Sullivan, President of Neighborhood Intelligence. “We are improving inventory, supply chain and productivity while removing unnecessary expense and complexity. The assessment work is largely behind us; our focus now is execution.”

Strengthening Financial Leadership

Kosturos brings more than 30 years of finance and accounting experience, including public-company leadership, financial integration, organizational redesign and working-capital management.

Windrum, CPA, brings almost 25 years of finance and accounting experience spanning public-company reporting, financial controls, FP&A, M&A and operational finance. During more than a decade at Maxar Technologies, she held multiple CFO roles, including Interim CFO during Maxar’s acquisition by Advent International.

Haugh brings extensive operational finance experience from PepsiCo, including supply chain and capital planning, P&L transformation, retail sales finance, warehouse economics, cost management and productivity.

Together, Kosturos, Windrum and Haugh bring complementary expertise across enterprise finance and integration, public-company accounting and controls, and retail operational finance as the Company continues to simplify its organization, improve productivity and strengthen financial discipline.

Enhancing Investor Communications

Neighborhood Intelligence has also retained ICR to lead its investor relations efforts and support the Company’s engagement with shareholders and the broader investment community as it increases financial and operational transparency.

About Neighborhood Intelligence

Neighborhood Intelligence (Nasdaq: NXH), previously Bed Bath & Beyond, Inc., is a data and technology company organized around three interconnected pillars: Omni-Channel Retail, Home Services and Home Ownership.

Its portfolio includes Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland’s, The Container Store, Elfa and Closet Works, along with its expanding Home Services and Home Ownership businesses.

Neighborhood Intelligence connects products, services, financing, expertise and data to make homeownership simpler and more affordable.

ir@beyond.com pr@beyond.com

About Alvarez & Marsal

Founded in 1983, Alvarez & Marsal is a leading global professional services firm renowned for its leadership, action, and results. A&M provides advisory, business performance improvement, and turnaround management services, delivering practical solutions to address clients’ unique challenges. With a worldwide network of experienced operators, world-class consultants, former regulators, and industry authorities, A&M helps corporates, boards, private equity firms, law firms, and government agencies drive transformation, mitigate risk, and unlock value at every stage of growth.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 12.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.3 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 17.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 25.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 19.3 KB