Innventure, Inc. 8-K

What Happened

• On February 16, 2026, Innventure LLC (a wholly owned subsidiary of Innventure, Inc.) entered into letter employment agreements with Michael Otworth and Dr. John Scott. Both will continue in their current roles — Mr. Otworth as Executive Chairman and Dr. Scott as Chief Strategy Officer — and their prior consulting arrangements were terminated as of that date.

Key Details

• Effective date: February 16, 2026 (both agreements).
• Prior consultant arrangements ended: Otworth’s services were previously provided under a Sugar Grove Ventures, LLC consulting agreement (effective Nov 16, 2023); Dr. Scott’s under a Corporate Development Group, LLC statement of work (effective Apr 1, 2018).
• Compensation: Base salary, target annual bonus opportunity, and long-term equity incentive opportunities will remain materially consistent with prior consulting compensation.
• Employment terms: Both will be eligible for Innventure LLC’s employee benefit plans and are employed at-will (either party may terminate at any time, with or without cause).

Why It Matters

• These agreements formalize the status of two named executive officers as employees rather than independent contractors, confirming leadership continuity. The filing indicates no material change to their compensation terms, and no new guaranteed severance or long-term commitments are disclosed. Investors looking for executive stability or changes in executive compensation should note these conversions and the effective date.