{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-21-039108","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":"2026-05-14T18:04:18.718181+00:00","generated_at":"2026-06-30T01:39:25.974891+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Innovative Payment Solutions appoints David Rios to Board of Directors","bullets":["David Rios appointed to Board effective July 22, 2021 until next annual meeting.","Rios is a philanthropist and former founder/Chairman/CEO of D.F. Rios Construction, the largest framing construction firm in California.","He previously served on the board of Pan Pacific Bank and helped close its acquisition by California Bank of Commerce in Dec 2015.","Rios receives board fees of $2,500 per month effective July 1, 2021; no family relationships or reportable transactions."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-21-039108","json":"https://secwatch.observer/filing/0001213900-21-039108.json","markdown":"https://secwatch.observer/filing/0001213900-21-039108.md","text":"https://secwatch.observer/filing/0001213900-21-039108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021039108/0001213900-21-039108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021039108/ea144922-8k_innovativepay.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T01:39:25.974891+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":"079307cb76","claim":"David Rios was appointed as Director at Innovative Payment Solutions, Inc..","evidence_excerpt":"On July 22, 2021, the board of directors (the “ Board ”) of Innovative Payment Solutions, Inc. (the “ Company ”) appointed David Rios (“ Mr. Rios ”) to the Board of the Company to serve until the Company’s next annual meeting of shareholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021039108/0001213900-21-039108-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}