secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001185185-23-000660
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Food Holdings adopts annual incentive plan for CEO, COO, CFO with targets up to 200% of base bonuses
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- CEO Robert Bennett target bonus $187k, COO Brady Smallwood $81k, CFO Richard Tang $54k.
- Payout weighted 20% on revenue target, 80% on adjusted EBITDA target.
- Maximum bonus is 200% of target; no threshold amounts.
- AIP adopted June 22, 2023 by board; applies to FY 2023 performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518523000660/0001185185-23-000660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518523000660/innovfood20230627_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000660

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer