Innventure, Inc. 8-K

What Happened

• Innventure, Inc. announced that Gregory W. Haskell will retire as Chief Executive Officer and as a Class I director effective October 1, 2026. His retirement is not due to any disagreement with the Company. Mr. Haskell will serve as a consultant to the company from October 1, 2026 through July 15, 2027 under a Consulting Agreement.
• The Board appointed Dr. William Grieco (age 54) — currently founding CEO of Refinity and former Innventure CTO — to serve as Innventure’s CEO and as a Class I director effective October 1, 2026. The Company issued a press release on June 30, 2026 announcing the leadership change.

Key Details

• Consulting terms for Mr. Haskell (Consulting Agreement dated June 26, 2026): COBRA premium reimbursement for Oct 1, 2026–Apr 30, 2027 for Haskell and spouse; outstanding equity awards will vest through the consulting term ending July 15, 2027 (per award terms).
• Employment letter for Dr. Grieco (dated June 26, 2026) provides: $550,000 annual base salary; target annual cash bonus = 100% of base (prorated for 2026); eligibility for a prorated 2026 Refinity short-term incentive bonus.
• Equity compensation for Dr. Grieco: restricted stock units valued at $1,000,000 granted on commencement (Oct 1, 2026) vesting one‑third each year for three years; first annual long-term equity grant expected April 2027 with a grant-date value of ~$1,500,000 (mix of equity vehicles to be determined).
• Dr. Grieco will sign the Company’s standard executive indemnification and employee restrictive covenant agreements.

Why It Matters

• This is a leadership transition with continuity: the outgoing CEO will remain an advisor through mid‑2027, and the new CEO has been part of Innventure’s senior team (CTO) and leads Refinity, a key operating unit focused on converting plastic waste to chemical intermediates.
• Investors should note near-term compensation implications: Dr. Grieco’s salary, bonus opportunity, and multi‑million dollar equity awards (initial RSUs + expected annual grant) represent both cash and equity cost to the company; Mr. Haskell’s consulting arrangement includes COBRA premium reimbursement and continued equity vesting through July 15, 2027.
• The company filed the Consulting Agreement, Employment Letter, and a press release with the 8-K (filed June 30, 2026), providing full texts for investors seeking the primary documents.