Company: INV
Filing Date: 2025-07-01
Form Type: 8-K
Source: 0001628280-25-033614
Chunk: 2

Company: Innventure, Inc.
Filing Date: 2025-07-01
Form: 8-K
Item: Item 5.02
Chunk 2
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Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously disclosed, in December 2024, the Compensation Committee of the Board of Directors of Innventure, Inc. (the “ Company”) approved a grant of 150,000 appreciation rights (“ SARs”) to each of Mike Otworth (the Company’s Executive Chairman) and Dr. John Scott (the Company’s Chief Strategy Officer). The SARs represent the right of the officer to receive a number of shares of the common stock of the Company (“ Common Stock”) with a value equal to the appreciation in the value of a Class A Common Unit of Accelsius Holdings LLC over a base price of $12.175 (the “ Spread”). In general, the SARs will be automatically exercised

upon the earliest to occur of: (a) the 24-month anniversary of the grant date, (b) the officer’s death, or (c) the officer’s “disability” (as defined in the applicable award agreement).

On June 25, 2025, each of Mr. Otworth and Dr. Scott entered into an amendment to his SAR award (each, a “ SAR Amendment”) to (1) clarify that any payment by the Company to the applicable officer with respect to the SARs will be made in the form of shares of Common Stock and (2) to provide that the maximum number of shares of Common Stock that may be issued pursuant to each officer’s SAR award is 1,875,000 (the “ Share Cap”). Under the SAR Amendment, the Company will not be required to pay either officer any amount in excess of the Share Cap (in the form of either equity or cash), even if the value of the number of shares of Common Stock issued in settlement of the SARs is less than the aggregate Spread as a result of the Share Cap.

The foregoing summary of the SAR Amendment is qualified in its entirety by reference to the text of the SAR Amendment, a form of which is included as Exhibit 10.4 and is incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.