{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-002628","form_type":"8-K","ticker":"IPSI","cik":"0001591913","company_name":"Innovative Payment Solutions, Inc.","filed_at":"2025-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.103605+00:00","generated_at":"2026-05-28T05:00:25.368965+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Innovative Payment Solutions: President/CFO Rosenblum resigns; Executive Chairman Corbett appointed CEO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-002628","json":"https://secwatch.observer/filing/0001213900-25-002628.json","markdown":"https://secwatch.observer/filing/0001213900-25-002628.md","text":"https://secwatch.observer/filing/0001213900-25-002628.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591913/000121390025002628/0001213900-25-002628-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591913/000121390025002628/ea0227403-8k_innov.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T05:00:25.368965+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":"430294e69c","claim":"Richard Rosenblum resigned as President, Chief Financial Officer, Secretary at Innovative Payment Solutions, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591913/000121390025002628/0001213900-25-002628-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President, Chief Financial Officer, Secretary"}],"fact_type":"executive_change"},{"claim_id":"f2924be538","claim":"William D. Corbett was appointed as Chief Executive Officer at Innovative Payment Solutions, Inc..","evidence_excerpt":"appointed William D. Corbett, the current Executive Chairman of the Company, to the additional office of Chief Executive Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591913/000121390025002628/0001213900-25-002628-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}