Innovative Food Holdings names Gary Schubert new CFO, effective Jan 1, 2024

INNOVATIVE FOOD HOLDINGS INC

CFO Richard Tang stepped down Dec 31, 2023; departure not due to disagreement with management.
Gary Schubert appointed CFO effective Jan 1, 2024; brings experience from Walmart and Tyson Foods.
Employment agreement: $280k base salary, $30k signing bonus, $60k annual target bonus, plus stock awards.
Stock awards tied to price thresholds ($1.23 to $4.08); up to 131,085 shares at lowest threshold.
Severance of nine months base salary if terminated without cause or for good reason; at-will through June 30, 2026.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Gary Schubert

Chief Financial Officer

IVFH · INNOVATIVE FOOD HOLDINGS INC

Effective: 2024-01-01
Filed: January 3, 2024, 6:59 PM ET

the board of directors of the Company (the “Board”) appointed Mr. Gary Schubert to the position of Chief Financial Officer of the Company, effective January 1, 2024.

Departed

Richard Tang

Chief Financial Officer

IVFH · INNOVATIVE FOOD HOLDINGS INC

Effective: 2023-12-31
Successor: Gary Schubert
Filed: January 3, 2024, 6:59 PM ET

Richard Tang, the Chief Financial Officer of Innovative Food Holdings, Inc. (the “Company”), has stepped down from his position as Chief Financial Officer, effective December 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary Schubert was appointed as Chief Financial Officer at INNOVATIVE FOOD HOLDINGS INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the board of directors of the Company (the “Board”) appointed Mr. Gary Schubert to the position of Chief Financial Officer of the Company, effective January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Tang departed as Chief Financial Officer at INNOVATIVE FOOD HOLDINGS INC.

Action: stepped down
Role: Chief Financial Officer

Exact text from the filing

Richard Tang, the Chief Financial Officer of Innovative Food Holdings, Inc. (the “Company”), has stepped down from his position as Chief Financial Officer, effective December 31, 2023.

View on SEC.gov

INNOVATIVE FOOD HOLDINGS INC filing history →

Source: SEC EDGAR

accession 0001185185-24-000018

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