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AI brief of an SEC Form 8-K · NEIGHBORHOOD INTELLIGENCE, INC. (NXH)

Neighborhood Intelligence CFO Brian LaRose resigns; Paul Kosturos named interim CFO

Neutral Impact 4 of 5 leadership Written later

Chief Financial Officer Brian LaRose resigned effective October 5, 2026, and the board appointed Paul Kosturos, a Managing Director at Alvarez & Marsal, as Interim CFO and principal financial officer. The company's press release says it has removed more than $50 million of SG&A year to date and has identified at least an additional $30 million of savings opportunities, while exiting several dozen locations with closures expected by year-end.

Key points

  • Brian LaRose resigned as CFO effective October 5, 2026; Paul Kosturos, age 61, was appointed Interim CFO the same day.
  • Kosturos has worked at Alvarez & Marsal since 2009 and was previously Vice President and Corporate Controller for JDS Uniphase.
  • The company has removed more than $50 million of SG&A year to date and has identified at least an additional $30 million of savings opportunities.
  • The company has begun exiting several dozen locations, with closures expected to be completed by year-end; it also retained ICR for investor relations.

The filing

CompanyNEIGHBORHOOD INTELLIGENCE, INC. (NXH)
Form8-K, current report
Filed with the SECOct 5, 2026, 5:15 PM ET
Accession number0001140361-26-038653

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.