secwatch.observer — SEC 8-K summary
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Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001185185-24-000444
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518524000444/0001185185-24-000444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518524000444/innovfood20240430_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000444

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