INNOVATE Corp.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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FY2025 · Filed Mar 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
INNOVATE Corp.
| By: | /S/ PAUL K. VOIGT |
|---|---|
| Paul K. VoigtPresident and Interim Chief Executive Officer(Principal Executive Officer) | |
| Date: | March 26, 2026 |
POWER OF ATTORNEY
Each of the officers and directors of INNOVATE Corp., whose signature appears below, in so signing, also makes, constitutes and appoints each of Paul K. Voigt and Michael J. Sena, and each of them, his true and lawful attorneys-in-fact, with full power and substitution, for him in any and all capacities, to execute and cause to be filed with the SEC any and all amendments to this Annual Report on Form 10-K, with exhibits thereto and other documents connected therewith and to perform any acts necessary to be done in order to file such documents, and hereby ratifies and confirms all that said attorneys-in-fact or their substitute or substitutes may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated as of March 26, 2026.
| Signature | Title |
|---|---|
| /S/ PAUL K. VOIGT | Interim Chief Executive Officer |
| Paul K. Voigt | |
| /S/ MICHAEL J. SENA | Chief Financial Officer (Principal Financial and Accounting Officer) |
| Michael J. Sena | |
| /S/ AVRAM A. GLAZER | Director |
| Avram A. Glazer | |
| /S/ WARREN H. GFELLER | Director |
| Warren H. Gfeller | |
| /S/ BRIAN S. GOLDSTEIN | Director |
| Brian S. Goldstein | |
| /S/ AMY WILKINSON | Director |
| Amy Wilkinson | |
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| Report of Independent Registered Public Accounting Firm (BDO USA, P.C., New York, NY; PCAOB ID#243) | F-2 |
| Consolidated Statements of Operations | F-4 |
| Consolidated Statements of Comprehensive Loss | F-5 |
| Consolidated Balance Sheets | F-6 |
| Consolidated Statements of Stockholders’ Deficit | F-7 |
| Consolidated Statements of Cash Flows | F-8 |
| Notes to Consolidated Financial Statements | F-9 |
| (1) Organization and Business | F-9 |
| (2) Summary of Significant Accounting Policies | F-9 |
| (3) Revenue and Contracts in Process | F-17 |
| (4) Accounts Receivable, Net | F-23 |
| (5) Inventory | F-24 |
| (6) Investments | F-24 |
| (7) Property, Plant and Equipment, Net | F-25 |
| (8) Goodwill and Intangibles, Net | F-25 |
| (9) Leases | F-27 |
| (10) Other Assets, Accrued Liabilities and Other Liabilities | F-28 |
| (11) Debt Obligations | F-30 |
| (12) Income Taxes | F-40 |
| (13) Commitments and Contingencies | F-44 |
| (14) Employee Retirement Plans | F-45 |
| (15) Share-Based Compensation | F-46 |
| (16) Equity and Temporary Equity | F-48 |
| (17) Related Parties | F-52 |
| (18) Operating Segments and Related Information | F-53 |
| (19) Basic and Diluted Loss Per Common Share | F-54 |
| (20) Fair Value of Financial Instruments | F-56 |
| (21) Supplementary Financial Information | F-57 |
| (22) Subsequent Events | F-57 |
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