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- Departure of CFO (new) — The company's CFO resigned effective immediately, and the filing does not state a reason for the resignation.
Neighborhood Intelligence CFO Brian LaRose resigns; Paul Kosturos named interim CFO
Filed October 5, 2026 · Period ending October 5, 2026 · ~1 min read
Key Changes
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CFO Brian LaRose resigned effective October 5, 2026; no reason was disclosed.
Item 5.02 verify on EDGAR → -
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Paul Kosturos, a Managing Director at Alvarez & Marsal, was appointed interim CFO and principal financial officer.
Item 5.02 verify on EDGAR → -
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Company announced the CFO transition via press release furnished under Regulation FD.
Item 7.01 verify on EDGAR → -
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Year to date, combined companies removed over $50 million of SG&A; at least $30 million more in savings identified.
Exhibit 99.1 view on EDGAR → -
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Company has begun exiting several dozen locations, with closures expected by year-end.
Exhibit 99.1 view on EDGAR →
Summary
Neighborhood Intelligence, Inc. disclosed that Chief Financial Officer Brian LaRose resigned effective October 5, 2026. The company did not provide a reason for his departure. Paul Kosturos, a Managing Director at Alvarez & Marsal, has been appointed interim CFO and principal financial officer. Kosturos, 61, has been with A&M since 2009 and specializes in interim CFO assignments.
The CFO change is a material leadership transition for the company. The lack of a stated reason for LaRose's resignation is a concern that investors should note. The company also announced cost-reduction efforts, including over $50 million in SG&A savings already achieved and at least $30 million more identified, along with store closures expected by year-end.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Neighborhood Intelligence appoints Paul Kosturos as interim CFO after Brian LaRose resigns effective October 5, 2026.
Added in current filing · verify on EDGAR →
Brian LaRose, the Company’s Chief Financial Officer and principal financial officer, who, on October 5, 2026, tendered his resignation effective as of such date.
The company's CFO and principal financial officer resigned effective October 5, 2026. The filing does not state a reason for the resignation.
Added in current filing · verify on EDGAR →
Mr. Kosturos, age 61, is a Managing Director at Alvarez & Marsal Private Equity Performance Improvement Group, LLC (“A&M”), an international professional services firm, where he has worked since 2009.
The new interim CFO is a 61-year-old managing director at Alvarez & Marsal, a professional services firm, where he has worked since 2009. He specializes in interim CFO assignments and has prior experience as a corporate controller at JDS Uniphase.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In connection with his appointment, Mr. will also enter into the Company’s standard form of indemnification agreement for directors and officers.
The new interim CFO will enter into the company's standard indemnification agreement for directors and officers. The filing does not disclose any other compensatory arrangements.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On October 5, 2026, the Company issued a press release announcing the transition of the Company’s chief financial officer.
The company disclosed a change in its chief financial officer role through a press release furnished as Exhibit 99.1. The 8-K itself does not provide details on whether the CFO is departing or being replaced, so investors should review the exhibit for specifics.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Paul Kosturos, a Managing Director with Alvarez & Marsal (“A&M”), has been appointed Interim Chief Financial Officer
The company has appointed an interim CFO from its consulting partner A&M while it continues to strengthen its financial leadership. This follows the departure of the prior CFO, Brian LaRose.
Added in current filing · view on EDGAR →
Brian LaRose will depart the Company as Chief Financial Officer.
The current CFO is leaving the company. He had served as CFO of The Container Store through its transaction with Neighborhood Intelligence and supported the initial integration.
Added in current filing · view on EDGAR →
Year to date, the combined companies have removed more than $50 million of SG&A
The company reports it has already removed over $50 million in selling, general and administrative expenses across the combined businesses. This is part of its integration and right-sizing efforts.
Added in current filing · view on EDGAR →
has begun exiting several dozen locations, with those closures expected to be completed by year-end.
The company is closing several dozen locations as part of its integration and cost-reduction efforts, with completion expected by the end of the year.
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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 6, 2026 · How we verify