[8-K] Identive, Inc. Reports Material Event

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FAQ

Why did INVE's CFO Justin Scarpulla resign in June 2025?

Who is replacing INVE's CFO and what is their background?

What compensation package is INVE offering to Ed Kirnbauer as Acting CFO?

When did INVE announce the CFO transition in their SEC filing?

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Identiv announced a key executive change as CFO Justin Scarpulla has resigned effective July 11, 2025, to pursue other opportunities. The company's board has appointed Ed Kirnbauer, the current Global Corporate Controller, as Acting CFO, Principal Financial Officer, Principal Accounting Officer, and Secretary.

Key details about the transition:

Scarpulla's departure is not due to any disagreements with company operations, policies, or practices
Kirnbauer, 60, has been with Identiv since 2015 and previously served as interim CFO from October-December 2021
Compensation package includes:
- Base salary of $264,992 annually
- Additional $15,000 monthly during interim period
- 25,000 restricted stock units vesting July 11, 2026

Kirnbauer brings significant experience as a CPA with prior roles at KPMG LLP and various technology companies. He holds an MBA from DePaul University and a BS in Accounting from Illinois State University.

CFO departure appears orderly with experienced internal successor appointed, suggesting minimal operational disruption despite executive transition.

Identiv's CFO transition appears well-managed with a thoughtful succession plan. The resignation of Justin Scarpulla effective July 11, 2025, while representing a material change, is mitigated by the appointment of Ed Kirnbauer, who brings significant advantages as successor. As the company's Global Corporate Controller since 2015, Kirnbauer offers institutional knowledge and continuity that should minimize disruption during this transition period.

Particularly reassuring is Kirnbauer's previous experience as interim CFO at Identiv from October-December 2021, demonstrating he's already familiar with the expanded role's responsibilities. His background as a CPA with KPMG experience and controller positions at multiple public companies suggests strong technical accounting capabilities that will help maintain reporting integrity.

The compensation arrangements鈥攁 $15,000 monthly stipend during his interim service plus 25,000 RSUs vesting in July 2026鈥攃reate appropriate incentives for stability through the transition period. The one-year vesting requirement for the equity component encourages continuity while the company likely conducts a search for a permanent CFO.

The filing's explicit statement that Scarpulla's departure "did not result from any disagreement" on operations, policies or practices suggests an amicable separation rather than internal conflict over financial reporting or strategic direction. The clear succession plan signals effective governance processes and risk management practices around executive transitions.

06/20/2025 - 07:05 AM

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): June 17, 2025

Identiv, 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.

On June 17, 2025, Justin Scarpulla, Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Secretary of Identiv, Inc. (the “Company”), notified the Company of his decision to resign from his positions to pursue another opportunity, effective July 11, 2025. Mr. Scarpulla’s resignation did not result from any disagreement with the Company on any matter relating to its operations, policies, or practices.

Effective July 11, 2025, the Company’s board of directors appointed Ed Kirnbauer, the Company’s Global Corporate Controller, as Acting Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and Secretary of the Company (“Acting CFO and Secretary”).

Mr. Kirnbauer, 60, has served as the Company’s Global Corporate Controller since November 2015. From October 2021 to December 2021, Mr. Kirnbauer also served as the Company’s interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer. Previously, from April 2011 through November 2015, Mr. Kirnbauer served as a financial consultant for various companies, including Ducommun Incorporated (NYSE: DCO), an aerospace and defense company, and Multi-Fineline Electronix, Inc. (Nasdaq: MFLX), a technology and electronics manufacturing company. Prior to that, Mr. Kirnbauer served as Vice President of Finance & Administration and Corporate Controller at various companies, including as Corporate Controller for Procom Technology, Inc., a developer of network attached storage appliances, from 2001 to 2006. Mr. Kirnbauer is a Certified Public Accountant and started his career at KPMG LLP. Mr. Kirnbauer holds an M.B.A. from DePaul University’s Charles H. Kellstadt Graduate School of Business, and a B.S. in Accounting from Illinois State University.

Mr. Kirnbauer will continue to receive an annual base salary of $264,992. In addition, Mr. Kirnbauer’s base salary will be increased by $15,000 per month during the period he serves as Acting CFO and Secretary, and the Company intends to grant him 25,000 restricted stock units under the Company’s 2011 Incentive Compensation Plan, which will vest on July 11, 2026, subject to Mr. Kirnbauer’s continued service through such date. Mr. Kirnbauer is also eligible to participate in the Company’s employee benefits programs.

There is no arrangement or understanding between Mr. Kirnbauer and any other persons pursuant to which he was selected as an interim executive officer. Additionally, there are no family relationships between Mr. Kirnbauer and any of the Company’s directors or executive officers, and Mr. Kirnbauer 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.

Source:

According to the 8-K filing, Justin Scarpulla, Chief Financial Officer of Identiv (INVE), resigned to pursue another opportunity. His resignation will be effective July 11, 2025. The filing specifically notes that his resignation did not result from any disagreement with the company regarding operations, policies, or practices.

Ed Kirnbauer, INVE's Global Corporate Controller, has been appointed as Acting CFO and Secretary effective July 11, 2025. He has served as Global Corporate Controller since November 2015 and previously served as interim CFO from October-December 2021. Kirnbauer is a CPA who started at KPMG LLP and holds an MBA from DePaul University and a B.S. in Accounting from Illinois State University.

Ed Kirnbauer will maintain his base salary of $264,992 plus receive an additional $15,000 per month while serving as Acting CFO. He will also receive 25,000 restricted stock units that vest on July 11, 2026, subject to continued service. Kirnbauer remains eligible for the company's employee benefits programs.

Identiv (INVE) filed the 8-K on June 20, 2025, reporting that CFO Justin Scarpulla notified the company of his resignation on June 17, 2025. The transition will be effective July 11, 2025, when Ed Kirnbauer takes over as Acting CFO.

Identiv, Inc.

June 20, 2025

/s/ Kirsten Newquist

Kirsten Newquist

Chief Executive Officer