---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-037475"
form_type: "8-K"
ticker: "IPSI"
cik: "0001591913"
company_name: "Innovative Payment Solutions, Inc."
filed_at: "2021-07-19T23:59:59+00:00"
generated_at: "2026-06-30T04:29:39.711194+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Andrey Novikov resigns as Board member and Secretary, remains CTO

## Summary
- Novikov notified Board on May 31, 2021 of resignation, effective June 1, 2021.
- Resignation not due to any disagreement with company operations, policies, or practices.
- Novikov continues as Chief Technology Officer following resignation.

## SEC filing metadata
- accession: 0001213900-21-037475
- form_type: 8-K
- ticker: IPSI
- cik: 0001591913
- company_name: Innovative Payment Solutions, Inc.
- filed_at: 2021-07-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591913/000121390021037475/0001213900-21-037475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591913/000121390021037475/ea142247-8k_innovativepay.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-037475
- JSON: https://secwatch.observer/filing/0001213900-21-037475.json
- Plain text: https://secwatch.observer/filing/0001213900-21-037475.txt

## Key facts
- Executive change
  Andrey Novikov resigned as Secretary at Innovative Payment Solutions, Inc..
  - Action: resigned
  - Role: Secretary
  source text: On May 31, 2021, Andrey Novikov notified the Board of Directors (the “Board”) of Innovative Payment Solutions, Inc. (the “Company”), of his decision to resign as a member of the Board and as Secretary of the Company, effective as of June 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390021037475/0001213900-21-037475-index.htm
- Executive change
  Andrey Novikov resigned as Member of the Board of Directors at Innovative Payment Solutions, Inc..
  - Action: resigned
  - Role: Member of the Board of Directors
  source text: On May 31, 2021, Andrey Novikov notified the Board of Directors (the “Board”) of Innovative Payment Solutions, Inc. (the “Company”), of his decision to resign as a member of the Board and as Secretary of the Company, effective as of June 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390021037475/0001213900-21-037475-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.