---
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"
generated_at: "2026-06-30T01:39:25.974891+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Innovative Payment Solutions appoints David Rios to Board of Directors

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-039108
- JSON: https://secwatch.observer/filing/0001213900-21-039108.json
- Plain text: https://secwatch.observer/filing/0001213900-21-039108.txt

## Key facts
- Executive change
  David Rios was appointed as Director at Innovative Payment Solutions, Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390021039108/0001213900-21-039108-index.htm

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