Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 24

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 24
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 three classes, each serving staggered, three-

year terms. Only one class of directors will be elected at each annual meeting of stockholders, with the other classes

continuing for the remainder of their respective three-year terms. Our Board is designated as follows:

• our Class I directors are Gregory W. Haskell, Daniel J. Hennessy and Michael Amalfitano, and their terms

will expire at this year’s Annual Meeting;

• our Class II directors are David Yablunosky, James O. Donnally and Bruce Brown, and their terms will

expire at the annual meeting of stockholders to be held in 2026; and

• our Class III directors are Michael Otworth, Suzanne Niemeyer and Elizabeth Williams, and their terms

expire at the annual meeting of stockholders to be held in 2027.

Any additional directorships resulting from an increase in the authorized number of directors will be distributed

among the three classes so that, as nearly as possible, each class will consist of one-third of our authorized number of

directors.

**Board Orientation and Continuing Education**

Our Board was formed in October 2024 with Innventure’s public listing. The N&CG Committee will lead our

development of a Board orientation and onboarding program for future new directors. Onboarding will include integrating

new directors into the Board to understand the details of Innventure’s strategy, and providing such future new directors

with the information needed to guide our growth and expansion – including the policies and procedures applicable to Board

members. Additionally, the N&CG Committee ensures the Board, including future new directors, have the opportunity to

engage with our management and senior leadership team.

The Board encourages our directors to pursue continuing education programs focused on our business and their

roles and responsibilities as public company directors. We reimburse our directors for the costs of these programs.

**Director Independence**

Our Board has evaluated and affirmatively determined the independence of each of James O. Donnally, Bruce

Brown, Elizabeth Williams, Daniel J. Hennessy, and Michael Amalfitano: (i) based on each nominee’s completed

questionnaire designed to solicit information about relationships that could have an impact on independence and (ii) using

standards required by the SEC and Nasdaq. In making these determinations, the Board considered the current and prior

relationships that each non-employee director has with Innventure and all other facts and circumstances the Board deemed

relevant in determining a director nominee’s independence,