{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-21-038995","form_type":"8-K","ticker":"IPSI","cik":"0001591913","company_name":"Innovative Payment Solutions, Inc.","filed_at":"2021-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.717987+00:00","generated_at":"2026-06-30T01:39:25.129102+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Innovative Payment Solutions appoints Richard Rosenblum as President and CFO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-21-038995","json":"https://secwatch.observer/filing/0001213900-21-038995.json","markdown":"https://secwatch.observer/filing/0001213900-21-038995.md","text":"https://secwatch.observer/filing/0001213900-21-038995.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021038995/0001213900-21-038995-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021038995/ea144892-8k_innovative.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T01:39:25.129102+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"28d474d099","claim":"Richard Rosenblum was elected as director at Innovative Payment Solutions, Inc..","evidence_excerpt":"Mr. Rosenblum was elected to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021038995/0001213900-21-038995-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"director"}],"fact_type":"executive_change"},{"claim_id":"b1c4fbb8c1","claim":"Richard Rosenblum was appointed as President and Chief Financial Officer at Innovative Payment Solutions, Inc..","evidence_excerpt":"appointed Richard Rosenblum as President and Chief Financial Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021038995/0001213900-21-038995-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}