Innovative Food Holdings adopts 2024 incentive program; CEO target $231,750

INNOVATIVE FOOD HOLDINGS INC

CEO Bill Bennett target incentive $231,750; COO Brady Smallwood $82,400; CFO Gary Schubert $60,000.
Payouts weighted 70% on Adjusted EBITDA and 30% on Professional Chef Revenue (total revenue less e-commerce/warehouse).
Adjusted EBITDA defined as EBITDA adjusted for executive incentive, growth and non-recurring expenses.
Compensation Committee retains discretion to adjust thresholds/targets in case of M&A or extraordinary events.

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