---
schema_version: "secwatch.filing_event.v1"
accession: "0001185185-23-000092"
form_type: "8-K"
ticker: "IVFH"
cik: "0000312257"
company_name: "INNOVATIVE FOOD HOLDINGS INC"
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T23:17:09.953724+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001185185-23-000092
- form_type: 8-K
- ticker: IVFH
- cik: 0000312257
- company_name: INNOVATIVE FOOD HOLDINGS INC
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/312257/000118518523000092/0001185185-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/312257/000118518523000092/innovfood20230206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-23-000092
- JSON: https://secwatch.observer/filing/0001185185-23-000092.json
- Plain text: https://secwatch.observer/filing/0001185185-23-000092.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.