Identive Announces Results of Annual Meeting

Identive Group, Inc. announced the results of its 2013 Annual Meeting of Stockholders and changes to its Board of Directors.

At the Annual Meeting, 56.4% of the total shares entitled to vote were represented, Identive stockholders approved the election of Phil Libin, CEO of Evernote and a director of Identive since May 2011, to serve for a further three-year term. A proposal to ratify the appointment of Ernst & Young GmbH as the Company’s independent auditor for 2013 also was approved, and 97.6% of stockholders voted in favor of an advisory resolution on the compensation of the company’s named executive officers for fiscal 2012 (Say on Pay).

Richard A. Clarke, a director of the company since January 2012, was not nominated to serve for an additional term at this year’s Annual Meeting due to the demands of his other professional commitments.

As previously announced, effective June 30, 2013, Simon Turner will be departing as a director of the company and Saad Alazem will join the board, filling the seat vacated by Mr. Turner for a term expiring at the company’s 2015 Annual Meeting of Stockholders. Alazem brings more than 15 years of financial and business leadership in international markets to Identive’s Board.

Alazem is the CEO for Financial Consulting, a CroweHorwath member firm, which he co-founded in 2007. Previously, from 2000 to 2007, he served as an investment officer in the Global Financial Markets Department for the International Finance Corporation of The World Bank Group. He has been an independent member of the Board of Directors of Al-Khabeer Capital Bank in Saudi Arabia and Bahrain since 2009 and an independent director of the Board of Directors of Mountain Partners AG, a shareholder of the company, since 2008.

“On behalf of the company and the Board, I would like to express appreciation to Simon Turner and Dick Clarke for their service as directors and for the contributions they have made to help shape Identive’s strategic vision and respond to the dynamic challenges of our business,” said Ayman S. Ashour, CEO and chairman of Identive. “I am personally very grateful to each of them for their generosity in sharing the insights of their professional experience for Identive’s benefit. In particular I would like to thank Simon Turner for his 13 years of service on the Board and his many years of dedicated leadership on the audit and compensation committees.”