Miguel Lopez
IdentivAbout Miguel Lopez
Miguel (“Mick”) A. Lopez, 65, was appointed as an independent Class I director of Identiv, Inc. in April 2025. He holds an MBA from The University of Chicago and a BSBA from Georgetown University, and is a retired CPA in Florida . He brings decades of CFO experience across technology and industrial companies and currently serves on the boards of Zeekr Group (NYSE: ZK) and GoPro, Inc. (Nasdaq: GPRO) . The Board has affirmatively determined that all directors other than the CEO are independent, which includes Lopez .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ribbon Communications (Nasdaq: RBBN) | Chief Financial Officer | Jun 2020 – Nov 2024 | Led finance through communications software/network solutions environment |
| Vista Outdoor (NYSE: VSTO) | Chief Financial Officer | Apr 2018 – May 2020 | Public company CFO experience in consumer/industrial; capital allocation and M&A |
| Veritas Technologies LLC | Chief Financial Officer | Feb 2016 – Jul 2017 | Enterprise data management; transformation finance |
| Harris Corp. (now L3Harris, NYSE: LHX) | Chief Financial Officer | Feb 2014 – Jan 2016 | Defense and communications tech; complex regulatory risk management |
| Aricent Group | Senior leadership | Nov 2011 – Jan 2014 | Global engineering services |
| Cisco, Tyco Fire & Security, IBM | Senior financial leadership | Various | Multinational finance leadership across networking, security, and technology |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Zeekr Group (NYSE: ZK) | Director | Current | Public company board; company highlights Lopez’s audit committee leadership experience broadly |
| GoPro, Inc. (Nasdaq: GPRO) | Director | Current | Public company board; governance and M&A expertise |
Board Governance
- Structure and independence: Board is declassifying to one-year terms by the 2026 annual meeting; Lopez is a Class I director with term expiring at the 2026 meeting if declassification is approved . The Board determined all directors except the CEO are independent .
- Committee assignments: As of the latest proxy, Audit Committee members are Laura Angelini, Gary Kremen, and James Ousley (chair, audit committee financial expert); Compensation Committee members are Angelini (chair), Kremen, and Richard Kuntz; Nominating Committee members are Angelini, Kuntz (chair), and Ousley. Lopez is not listed on any committee in the current roster .
- Attendance and engagement: The Board held 10 meetings in 2024; each director during their term attended at least 75% of Board and applicable committee meetings. Independent directors meet in executive session as needed; the Chairman presides. The company does not have a policy requiring director attendance at stockholder meetings; four directors attended the 2024 annual meeting .
- Governance policies: The Board amended Corporate Governance Guidelines to require directors who receive a majority of “against/withheld” votes in uncontested elections to promptly tender irrevocable resignations for Board consideration . Hedging is not prohibited by policy (potential misalignment risk) .
Fixed Compensation
| Component | Amount | Payment/Structure | Notes |
|---|---|---|---|
| Annual director retainer | $125,000 | 50% RSUs, 50% cash (cash paid quarterly) | Standard non-employee director program; Lopez to be compensated under this structure per appointment 8-K |
| Chairman/Lead Independent retainer | $175,000 | Mix as above | Applies to Chairman or Lead Independent Director |
| Committee membership fee | $5,000 per committee | Cash/RSUs per director election | Per committee service |
| Committee chair fee (Audit) | $20,000 | As above | Audit chair premium |
| Committee chair fee (Compensation, Nominating) | $10,000 each | As above | Committee chair premium |
| RSU vesting & settlement | 1/12 monthly vest; settlement deferred | Shares delivered on the earlier of 3 years from initial vesting start or separation | Applies to RSUs received in lieu of cash |
Performance Compensation
| Metric | Applies to Directors? | Details | Source |
|---|---|---|---|
| Revenue growth / EBITDA / TSR-based metrics | No | Director compensation consists of retainers and time-based RSUs; no performance metrics disclosed for directors | |
| Clawback on director equity | Not disclosed | Company maintains clawback for executive incentive-based comp; no director-specific clawback disclosed |
Other Directorships & Interlocks
- Current public company boards: Zeekr (EV) and GoPro (consumer electronics) .
- Related party/conflict checks: Appointment 8-K states no arrangements leading to selection, no family relationships, and no direct or indirect material interest in transactions requiring Item 404(a) disclosure (no related-party exposure) .
- Potential interlocks: No disclosed overlaps with INVE’s customers/suppliers; Audit Committee reviews all related party transactions for conflicts .
Expertise & Qualifications
- Financial expertise: Former public company CFO; deep M&A and capital allocation experience; corporate governance background; audit committee leadership experience highlighted by the company .
- Education and credentials: MBA (University of Chicago), BSBA (Georgetown University), retired CPA (Florida) .
Equity Ownership
| Item | Detail | Source |
|---|---|---|
| Beneficial ownership as of April 14, 2025 | Miguel A. Lopez: “—”, less than 1% | |
| Form 3 (initial statement) | Filed April 17, 2025 | https://www.sec.gov/Archives/edgar/data/1036044/000095017025055135/0000950170-25-055135-index.htm |
| Form 4 grant | 23,414 shares “A-Award” on July 29, 2025; post-transaction ownership 23,414 | https://www.sec.gov/Archives/edgar/data/1036044/000095017025100977/0000950170-25-100977-index.htm |
| Shares pledged as collateral | Not disclosed | |
| Hedging policy | Company does not prohibit hedging (potential alignment risk) | |
| Ownership guidelines (directors) | Not disclosed |
Governance Assessment
- Strengths: Independent status; extensive CFO/transactional and audit oversight experience adds financial discipline to the Board; company-level policies have improved with declassification and mandatory resignation for directors receiving majority “against/withheld” votes in uncontested elections (boosts board accountability and investor confidence) .
- Compensation alignment: Director pay is a straightforward cash/equity retainer with monthly vesting and three-year settlement deferral, promoting sustained alignment; no meeting fees or performance-based director pay that could distort incentives .
- Ownership and signals: Lopez reported an equity award resulting in 23,414 shares owned as of July 2025, establishing skin-in-the-game; as of the proxy record date he held <1% (https://www.sec.gov/Archives/edgar/data/1036044/000095017025100977/0000950170-25-100977-index.htm).
- Risk indicators and RED FLAGS:
- Hedging policy not prohibited for directors (misalignment risk if used) .
- Committee assignment timing: Lopez was not on audit/comp/nom committees as of the latest proxy; given his expertise, lack of immediate committee placement is notable and should be monitored for future committee roles .
- CFO resignation (June 2025) underscores near-term finance leadership transition; Audit Committee oversight and board financial expertise become more critical during this period .
Overall, Lopez’s background supports board effectiveness in finance and M&A, independence is confirmed, and early equity ownership is a positive alignment signal. Governance improvements (declassification, resignation policy) are favorable, but the lack of a hedging prohibition is a governance gap to monitor .