Innovative Payment Solutions: President/CFO Rosenblum resigns; Executive Chairman Corbett appointed CEO

Innovative Payment Solutions, Inc.

Richard Rosenblum resigned as President, CFO, Secretary, and board member effective Jan 7, 2025.
William D. Corbett, current Executive Chairman, appointed CEO; employment agreement extended to Dec 31, 2025.
Company searching for a principal accounting officer.
Board approved convertible promissory notes: $210,500 to Rosenblum and $247,000 to Corbett for accrued wages.
Company closed $125,000 convertible note financing with an institutional investor.

item 5.02

Executive movements

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Departed

Richard Rosenblum

President, Chief Financial Officer, Secretary

IPSI · Innovative Payment Solutions, Inc.

Effective: 2025-01-07
Filed: January 10, 2025, 6:59 PM ET

On January 7, 2025, Richard Rosenblum provided written notice to the board of directors (the "Board") of Innovative Payment Solutions, Inc., a Nevada corporation (the "Company"), of his resignation as President, Chief Financial Officer, Secretary, and as a member of the Board, effective immediately.

Appointed

William D. Corbett

Chief Executive Officer

IPSI · Innovative Payment Solutions, Inc.

Effective: 2025-01-07
Filed: January 10, 2025, 6:59 PM ET

appointed William D. Corbett, the current Executive Chairman of the Company, to the additional office of Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Rosenblum resigned as President, Chief Financial Officer, Secretary at Innovative Payment Solutions, Inc..

Action: resigned
Role: President, Chief Financial Officer, Secretary

Exact text from the filing

On January 7, 2025, Richard Rosenblum provided written notice to the board of directors (the "Board") of Innovative Payment Solutions, Inc., a Nevada corporation (the "Company"), of his resignation as President, Chief Financial Officer, Secretary, and as a member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William D. Corbett was appointed as Chief Executive Officer at Innovative Payment Solutions, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed William D. Corbett, the current Executive Chairman of the Company, to the additional office of Chief Executive Officer of the Company.

View on SEC.gov

Innovative Payment Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-002628

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