May 22, 2024
Board of Directors
Identiv, Inc.
c/o James Ousley, Chairman
2201 Walnut Avenue, Suite 100
Fremont, California 94538
Dear Members of the Board:
Bleichroeder L.P., together with its affiliates (“Bleichroeder”), has been a material stockholder of Identiv, Inc. (the “Company”) since 2019 and currently beneficially owns 19.9% of the Common Stock of the Company.
Bleichroeder is supportive of the recently-announced sale of the Company’s physical security, access card, and identity reader operations and assets to Hawk Acquisition, Inc., a Delaware corporation (“Hawk”), and intends to vote in favor of such transaction at the Company’s 2024 Annual Meeting of Stockholders in accordance with the terms of its Voting and Support Agreement with Hawk.
Bleichroeder, however, does not support the reelection of Gary Kremen to the Company’s board of directors, and currently intends to vote against the reelection of Mr. Kremen to the Company’s board of directors at the Company’s 2024 Annual Meeting of Stockholders.
Bleichroeder is expressing its own views with respect to certain proposals at the Company’s 2024 Annual Meeting of Stockholders and, for the avoidance of doubt, is not soliciting proxies relating to the Company’s 2024 Annual Meeting of Stockholders.
Sincerely,
BLEICHROEDER LP
Source:
https://www.sec.gov/Archives/edgar/data/1036044/000178100224000037/Identiv13DA.htm