{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-21-044008","form_type":"8-K","ticker":"IPSI","cik":"0001591913","company_name":"Innovative Payment Solutions, Inc.","filed_at":"2021-08-20T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.718377+00:00","generated_at":"2026-06-29T08:39:25.304973+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"CEO William Corbett enters new employment; receives options for 20M shares at $0.15","bullets":["William Corbett's new employment agreement runs through Dec 31, 2024, with base salary of $30,000 per month.","Corbett receives option to purchase 20M shares at $0.15 exercise price; 50% vests immediately, 50% over 3 years.","Corbett eligible for cash bonus based on revenue or financial objectives set by Board; car allowance $800/month.","Severance: 50% of annual base salary if terminated without cause; 100% if within 12 months of an Acquisition.","Richard Rosenblum's amendment sets option grant date of Aug 31, 2021 for 10M shares at $0.15 exercise price."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-21-044008","json":"https://secwatch.observer/filing/0001213900-21-044008.json","markdown":"https://secwatch.observer/filing/0001213900-21-044008.md","text":"https://secwatch.observer/filing/0001213900-21-044008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021044008/0001213900-21-044008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591913/000121390021044008/ea146209-8k_innovative.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T08:39:25.304973+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}