Innovative Food Holdings appoints Gary Schubert as CEO, replacing Bill Bennett

INNOVATIVE FOOD HOLDINGS INC

Gary Schubert appointed CEO, board member, effective Oct 3, 2025; resigns as CFO.
Schubert to receive $400k base salary (from Jan 1, 2026), 3% annual increases, and 1.35M share grant.
Annual incentive target of $137,500, capped at $400k or 8% of adjusted free cash flow.
Former CEO Bill Bennett resigns effective Oct 3, 2025; gets severance of $115,500.97 plus health benefits.
Bennett to provide consulting Jan 1–Mar 31 for $25,000; resignation not due to disagreement.

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