Innovative Payment Solutions appoints Richard Rosenblum as President and CFO

Innovative Payment Solutions, Inc.

Rosenblum appointed President, CFO, and board member effective July 22, 2021.
Employment agreement: $18,000/month base salary, options for 10M shares (50% immediate vest, 50% over 36 months).
Rosenblum previously CEO of Harborview Capital; led over $250M in capital formation for companies.
Severance: 50% of base salary on termination without cause; 100% if within 12 months of an acquisition.

item 5.02 item 9.01

Executive movements

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Appointed

Richard Rosenblum

director

IPSI · Innovative Payment Solutions, Inc.

Effective: 2021-07-22
Filed: July 28, 2021, 7:59 PM ET

Mr. Rosenblum was elected to the board of directors of the Company

Appointed

Richard Rosenblum

President and Chief Financial Officer

IPSI · Innovative Payment Solutions, Inc.

Effective: 2021-07-22
Filed: July 28, 2021, 7:59 PM ET

appointed Richard Rosenblum as President and Chief Financial Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Rosenblum was elected as director at Innovative Payment Solutions, Inc..

Action: elected
Role: director

Exact text from the filing

Mr. Rosenblum was elected to the board of directors of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Rosenblum was appointed as President and Chief Financial Officer at Innovative Payment Solutions, Inc..

Action: appointed
Role: President and Chief Financial Officer

Exact text from the filing

appointed Richard Rosenblum as President and Chief Financial Officer of the Company.

View on SEC.gov

Innovative Payment Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-21-038995

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