INVE Technologies, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by INVE Technologies, Inc. on September 14, 2026. The filing addresses significant changes in executive leadership and board composition effective in late September 2026.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to executive compensation arrangements.
- Interim CEO Compensation: The Company expects to pay Korn Ferry approximately $18,000 per week for the services of the Interim CEO.
- Contract Term: The initial estimated end date for the Statement of Work is March 26, 2027.
Material Changes
The primary material change reported is the departure of the Chief Executive Officer and the appointment of an interim replacement:
- Resignation: Kirsten Newquist resigned as Chief Executive Officer effective September 21, 2026, and as a member of the Board of Directors effective September 30, 2026. She remains an employee through September 30, 2026.
- Appointment: James Greenwell was appointed as Interim Chief Executive Officer, effective September 21, 2026.
- Background: Mr. Greenwell previously served as CEO of Spectrum Labs, LLC (2023-2025) and held executive roles at SpotLite360 IOT Solutions Inc. and Datria Systems, Inc.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, outlook, or general risk factors. Specific contingencies related to the executive transition include:
- Conversion Fee: A non-refundable conversion fee will be charged by Korn Ferry if the Company hires Mr. Greenwell permanently during the Statement of Work term or within twelve months of its completion.
- Termination: The Company may terminate the Statement of Work upon two weeks' written notice.
Investor Verification Checklist
- Verify the exact date of Kirsten Newquist's final departure from the Board (September 30, 2026).
- Confirm the total cost of the interim arrangement based on the $18,000 weekly rate and the duration of the engagement.
- Review the Statement of Work with Korn Ferry for details on the non-refundable conversion fee amount.
- Monitor subsequent filings for the appointment of a permanent CEO or the termination of the interim arrangement.