Identiv (INVE) Appoints Expert Mick Lopez to its Board

Identiv, Inc. (NASDAQ: INVE), a global leader in RFID and BLE-enabled Internet of Things (IoT) solutions, today announced the appointment of Mick Lopez to its Board of Directors. Mr. Lopez is a public company board director and former CFO who brings decades of strategic and financial governance expertise to Identiv's Board of Directors. His extensive experience in mergers and acquisitions, coupled with his strong background in corporate governance, will further strengthen the Company's Board.

"We are thrilled to welcome Mick Lopez to Identiv's Board of Directors," said James Ousley, Chairman of the Board. "His deep financial expertise and experience balancing growth, profitability, and capital decisions while navigating complex regulatory, risk, and macroeconomic challenges make him a strong addition to our Board."

About Identiv's New Board Director
Mick Lopez currently serves on the Board of Directors of Zeekr Group and GoPro, Inc. From 2020 to 2024, he was CFO at Ribbon Communications, and prior to that was CFO at Vista Outdoor, Veritas Technologies, Harris Corp., and Aricent Group, and held senior financial leadership at Cisco Systems, Tyco and IBM. Mr. Lopez received his MBA degree from The University of Chicago and BSBA from Georgetown University. He is a Certified Public Accountant (retired) in Florida.

"Identiv's specialized IoT solutions are redefining what's possible with RFID and BLE, helping shape a smarter, more connected world," said Mick Lopez. "I'm excited to join the Board at this pivotal moment and support the company's transformation into a pure-play specialized IoT business."

De-Staggering of Identiv's Board of Directors
As previously announced, the Company is seeking stockholder approval to amend the Company's charter to declassify the Board (the "Declassification Amendment") at the 2025 annual meeting of stockholders. If the Declassification Amendment is approved and effected, the Class II nominees for director who are standing for election at the 2025 annual meeting will be elected for one-year terms, and the Board's classified structure will end at the 2026 annual meeting, at which time all nominees for election as director will stand for one-year terms. If the Declassification Amendment is not approved and effected, the Board will remain classified.

In addition, as part of its ongoing governance review, the Board has approved an amendment to the Company's corporate governance guidelines to provide that if a majority of the votes cast for a director are marked "against" or "withheld" in an uncontested election, the director must promptly tender his or her irrevocable resignation for the Board's consideration.

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