Luna Innovations Inc. (LUNA) has issued an announcement.
Luna Innovations Incorporated has seen significant executive changes, including the for-cause termination of CTO Brian Soller and the resignation of CFO George Gomez-Quintero, both effective May 1, 2024. The company also canceled severance benefits for former CEO Scott Graeff after determining his actions constituted “Cause.” John C. Roiko steps in as the new CFO with an initial salary of $300,000 and an RSU Award, while the company introduced the 2024 Inducement Plan, reserving 1.1 million shares for new employee incentives. Additionally, seven other employees were let go as part of an ongoing independent financial review.
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