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Posted 26 October, 2021

Identiv, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:INVE in a 8-K filed on 26 October, 2021.


  (b)(c) Effective October 20, 2021, the Board of Directors of Identiv, Inc. (the "Company") appointed Ed Kirnbauer, the Company's Global Corporate Controller, interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer ("Interim CFO"). Steven Humphreys, the Company's Chief Executive Officer, who was also serving as acting Chief Financial Officer, Principal Accounting Officer and Principal Financial Officer ("Acting CFO"), ceased serving as Acting CFO upon Mr. Kirnbauer's appointment.  

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Overview of Identiv, Inc.
Technology • Computers/Consumer Electronics
Identiv, Inc. engages in the provision of physical security and secure identification solutions. Its products include physical access control and video, logical access control, credentials, and RFID inlays and tags. The firm serves the government, healthcare, airports and aviation, and education. It operates through the Identity and Premises segments. The Identity segment consists of products and solutions enabling secure access to information serving the logical access and cyber security market and protecting assets and objects in the Internet of Things with radio frequency identification. The Premises segment offers solutions to address the premises security market for government and enterprise, including access control, video surveillance, analytics, customer experience, and other applications. The company was founded in 1990 and is headquartered in Fremont, CA.
Market Cap
$202M
View Company Details
Identiv, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 

(b)(c) Effective October 20, 2021, the Board of Directors of Identiv, Inc. (the "Company") appointed Ed Kirnbauer, the Company's Global Corporate Controller, interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer ("Interim CFO"). Steven Humphreys, the Company's Chief Executive Officer, who was also serving as acting Chief Financial Officer, Principal Accounting Officer and Principal Financial Officer ("Acting CFO"), ceased serving as Acting CFO upon Mr. Kirnbauer's appointment. The Company is continuing its process and expects to announce a permanent Chief Financial Officer within the next few weeks, to be effective in the fourth quarter of 2021. 

Mr. Kirnbauer, 57, has served as the Company's Global Corporate Controller since November of 2015. From April 2011 through November 2015, Mr. Kirnbauer served as a financial consultant for various companies, including Ducommon, Inc. (NYSE: DCO), Multi-Fineline Electronix, Inc. (Nasdaq: MFLX), and Headmon Entertainment & Productions LLC. 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 $225,000. In addition, Mr. Kirnbauer's base salary will be increased by $15,000 per month during the period he serves as Interim CFO. Mr. Kirnbauer is also eligible to participate in the Company's employee benefits programs. 

There are no family relationships among any of the Company's directors or executive officers. 

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not a historical fact, including statements regarding the Company's expectations regarding the timing for appointing a permanent Chief Financial Officer, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to the Company's ability to identify and hire a permanent Chief Financial Officer and factors discussed in its periodic reports, including its Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and subsequent reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information available to us on the date hereof, and we assume no obligation to update such statements.