secwatch.observer — SEC 8-K summary
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Issuer:     Innovative Payment Solutions, Inc. (IPSI)
CIK:        0001591913
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001213900-21-039108
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Innovative Payment Solutions appoints David Rios to Board of Directors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591913/000121390021039108/0001213900-21-039108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591913/000121390021039108/ea144922-8k_innovativepay.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-039108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer