---
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"
generated_at: "2026-06-30T01:39:25.129102+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Innovative Payment Solutions appoints Richard Rosenblum as President and CFO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-038995
- JSON: https://secwatch.observer/filing/0001213900-21-038995.json
- Plain text: https://secwatch.observer/filing/0001213900-21-038995.txt

## Key facts
- Executive change
  Richard Rosenblum was elected as director at Innovative Payment Solutions, Inc..
  - Action: elected
  - Role: director
  source text: Mr. Rosenblum was elected to the board of directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390021038995/0001213900-21-038995-index.htm
- Executive change
  Richard Rosenblum was appointed as President and Chief Financial Officer at Innovative Payment Solutions, Inc..
  - Action: appointed
  - Role: President and Chief Financial Officer
  source text: appointed Richard Rosenblum as President and Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390021038995/0001213900-21-038995-index.htm

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