Form 8-K
8-K — NEIGHBORHOOD INTELLIGENCE, INC.
Accession: 0001140361-26-038653
Filed: 2026-10-05
Period: 2026-10-05
CIK: 0001130713
SIC: 5961 (RETAIL-CATALOG & MAIL-ORDER HOUSES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — ef20083311_form8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (ef20083311_ex99-1.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: ef20083311_form8k.htm · Sequence: 1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): October 5, 2026
Neighborhood Intelligence, Inc.
(Exact name of registrant as specified in its charter)
Delaware
000-41850
87-0634302
(State or other jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
433 W. Ascension Way,
3rd Floor
Murray, Utah 84123
(Address of principal executive offices)
(801) 947-3100
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.0001 par value per share
NXH
The Nasdaq Stock Market LLC
Warrants to Purchase Shares of Common Stock
BBBYW
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule
12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new
or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Interim CFO Appointment
On October 5, 2026, the Board of Directors of Neighborhood Intelligence, Inc. (the “Company”) appointed of Paul Kosturos as Interim Chief Financial
Officer and, in this capacity, will serve as the Company’s principal financial officer. Mr. Kosturos succeeds 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.
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. Mr. Kosturas specializes in interim CFO assignments, mergers and acquisitions integrations, including carve-outs, external and internal financial reporting, forecasting and budgeting
including identifying and implementing cost reductions, working capital management improvements, internal controls design and process improvements, shared services processing and ERP system design and implementations. Before joining A&M, Mr.
Kosturos was the Vice President and Corporate Controller for JDS Uniphase, a billion dollar plus publicly traded telecommunications company. Mr. Kosturos earned a Bachelor’s of Science degree in accounting from the California State Polytechnic
University, Pomona, and is a Certified Public Accountant.
There are no arrangements or understandings between Mr. Kosturos and any other person pursuant to which he was selected as an officer.
Mr. Kosturos does not have any family relationship with any of the Company’s directors or executive officers.
Neither Mr. Kosturos nor any of his immediate family members has had (or proposes to have) a direct or indirect material interest in a transaction in
which the Company or any of the Company’s subsidiaries was (or is to be) a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. will also enter into the Company’s standard form of indemnification agreement for directors and officers.
Item 7.01
Regulation FD.
On October 5, 2026, the Company issued a press release announcing the transition of the Company’s chief financial officer. A copy of the press release
is furnished herewith as Exhibit 99.1 and incorporated herein by reference to this Item 7.01.
The information set forth in this Item 7.01 including the information set forth in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number
Description
99.1
Press Release, dated October 5, 2026.
104
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NEIGHBORHOOD INTELLIGENCE, INC.
Date: October 5, 2026
By:
/s/ Mehgan Peetz
Mehgan Peetz
Chief Administrative & Legal Officer
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: ef20083311_ex99-1.htm · Sequence: 2
Exhibit 99.1
Neighborhood Intelligence Strengthens Financial and Operating Leadership as Company Advances Integration
Paul Kosturos appointed Interim CFO, complementing recent additions of Chief Accounting Officer and Deputy CFO Jill Windrum and
Retail CFO Emma Haugh
Company advances expense reduction, technology consolidation, supply chain improvements and organizational simplification
NASHVILLE, Tenn. – October 5, 2026 – Neighborhood Intelligence, Inc. (the “Company”) today announced that Paul Kosturos, a Managing Director with
Alvarez & Marsal (“A&M”), has been appointed Interim Chief Financial Officer as the Company continues to strengthen its financial leadership and accelerate the integration and right-sizing of its businesses.
Brian LaRose will depart the Company as Chief Financial Officer. LaRose served as CFO of The Container Store through the completion of its
transaction with Neighborhood Intelligence and continued to support the combined organization during the initial integration of the businesses. The Company thanks Brian for his leadership and contributions during an important period for both
organizations.
Kosturos joins a recently strengthened finance organization that includes Jill Windrum, Chief Accounting Officer and Deputy Chief Financial Officer,
and Emma Haugh, Retail CFO. The Company has also expanded its strategic relationship with A&M to provide specialized expertise across finance and accounting, technology consolidation and organizational structure.
“Our focus is to simplify the business, flatten the organization and remove unnecessary costs while continuing to grow revenue and expand margin,”
said Marcus Lemonis, Chief Executive Officer of Neighborhood Intelligence. “We have made meaningful progress, and we are assembling the right team and expertise to continue that work.”
Integration and Operating Progress
Year to date, the combined companies have removed more than $50 million of SG&A as each business has taken steps to improve its individual cost
structure. As the businesses come together, the Company has identified at least an additional $30 million of savings opportunities through contract consolidation and renegotiation, technology consolidation, organizational simplification and the
elimination of unnecessary duplication.
Following A&M’s comprehensive supply chain assessment, the Company has reconfigured its supply chain team and strategy to accelerate improvements
in inventory flow, distribution, fulfillment and efficiency. Since the July 11 closing of The Container Store transaction, the Company has also been rebalancing and rebuilding inventory to support its sales objectives and has begun exiting several
dozen locations, with those closures expected to be completed by year-end.
“We have spent the quarter taking deliberate actions to position the business for profitable growth,” said Amy Sullivan, President of Neighborhood
Intelligence. “We are improving inventory, supply chain and productivity while removing unnecessary expense and complexity. The assessment work is largely behind us; our focus now is execution.”
Strengthening Financial Leadership
Kosturos brings more than 30 years of finance and accounting experience, including public-company leadership, financial integration, organizational
redesign and working-capital management.
Windrum, CPA, brings almost 25 years of finance and accounting experience spanning public-company reporting, financial controls, FP&A, M&A
and operational finance. During more than a decade at Maxar Technologies, she held multiple CFO roles, including Interim CFO during Maxar’s acquisition by Advent International.
Haugh brings extensive operational finance experience from PepsiCo, including supply chain and capital planning, P&L transformation, retail sales
finance, warehouse economics, cost management and productivity.
Together, Kosturos, Windrum and Haugh bring complementary expertise across enterprise finance and integration, public-company accounting and
controls, and retail operational finance as the Company continues to simplify its organization, improve productivity and strengthen financial discipline.
Enhancing Investor Communications
Neighborhood Intelligence has also retained ICR to lead its investor relations efforts and support the Company’s engagement with shareholders and the
broader investment community as it increases financial and operational transparency.
About Neighborhood Intelligence
Neighborhood Intelligence (Nasdaq: NXH), previously Bed Bath & Beyond, Inc., is a data and technology company organized around three
interconnected pillars: Omni-Channel Retail, Home Services and Home Ownership.
Its portfolio includes Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland’s, The Container Store, Elfa and Closet Works, along with its
expanding Home Services and Home Ownership businesses.
Neighborhood Intelligence connects products, services, financing, expertise and data to make homeownership simpler and more affordable.
ir@beyond.com
pr@beyond.com
About Alvarez & Marsal
Founded in 1983, Alvarez & Marsal is a leading global professional services firm renowned for its leadership, action, and results. A&M
provides advisory, business performance improvement, and turnaround management services, delivering practical solutions to address clients’ unique challenges. With a worldwide network of experienced operators, world-class consultants, former
regulators, and industry authorities, A&M helps corporates, boards, private equity firms, law firms, and government agencies drive transformation, mitigate risk, and unlock value at every stage of growth.
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