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IDENTIV, INC. FILES (8-K) Disclosing Change in Directors or Principal Officers, Other Events(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 25, 2014, the Board of Directors of Identiv, Inc. (the "Company") removed Kamal Gupta from the office of principal accounting officer of the Company effective as of such date. Mr. Gupta's employment with the Company as Vice President of Finance and Corporate Controller will terminate on September 30, 2014. Both of these actions are part of the Company's recent corporate restructuring and cost reduction activities in which it has concentrated its accounting and finance functions in its Orange County offices. Brian Nelson, the Company's Chief Financial Officer and Secretary, and principal financial officer, was appointed principal accounting officer effective September 25, 2014. Item 8.01 Other Events As previously reported, the Company entered into an underwriting agreement, dated September 11, 2014 (the "Underwriting Agreement") with Cowen and Company, LLC as underwriter (the "Underwriter") relating to the public offering (the "Offering") of 2,000,000 shares of the Company's common stock, $0.001 par value per share (the "Common Stock"), at a price to the public of $15.00 per share (the "Offering Price"), less underwriting discounts and commissions. Under the terms of the Underwriting Agreement, the Company granted the Underwriter a 30-day option to purchase up to an additional 300,000 shares of Common Stock (the "Option Shares") to cover over-allotments, if any, at the Offering Price. On September 22, 2014, the Underwriter exercised its option to purchase the Option Shares, and the sale of the Option Shares was completed on September 26, 2014. The total net proceeds to the Company from the Offering, after deducting the Underwriters' discount and commission and other estimated offering expenses payable by the Company, were approximately $31.5 million, including approximately $4.2 million from the exercise of the Underwriter's option. -------------------------------------------------------------------------------- |