CEO transition: Sam Klepfish steps down Feb 28; Bill Bennett appointed CEO, remains Chairman

INNOVATIVE FOOD HOLDINGS INC

Bill Bennett named CEO; base salary $375k with 3% annual increases, $50k signing bonus, performance bonuses up to $300k.
Bennett eligible for stock grants at $0.60–$2.00 price thresholds, up to 2%–0.5% of outstanding shares per tranche.
Sam Klepfish resigns as CEO on Feb 28, stays Chairman; receives $250k upfront, $6,410.26/week for ~3 years, 400k shares now, additional shares by 2027.
Bennett most recently Kroger VP of eCommerce, led $10B digital business; also held eCommerce roles at Walmart and leadership at General Mills.
Trailing 12-month revenue of $77M; company cites record Q3 sales and momentum as foundation for growth.

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