Identiv (INVE) has provided an update.
Identiv, Inc. has amended the employment agreement for their CFO, Justin Scarpulla, raising his base salary and setting terms for termination benefits. Additionally, Identiv has approved equity grants for key executives, contingent upon stockholder approval to increase shares under the 2011 Plan. These grants include restricted stock units that vest over time and performance-based units tied to company metrics. Furthermore, Identiv has entered into an agreement to sell its physical security business, subject to stockholder approval, with detailed information available in the forthcoming proxy statement and SEC filings.
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