secwatch.observer — SEC 8-K summary
======================================

Issuer:     INNOVATIVE FOOD HOLDINGS INC (IVFH)
CIK:        0000312257
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0001185185-25-001413
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/312257/000118518525001413/0001185185-25-001413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/312257/000118518525001413/ivfh8k100925.htm
  HTML page:      https://secwatch.observer/filing/0001185185-25-001413

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