---
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"
generated_at: "2026-05-28T05:00:25.368965+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-002628
- JSON: https://secwatch.observer/filing/0001213900-25-002628.json
- Plain text: https://secwatch.observer/filing/0001213900-25-002628.txt

## Key facts
- Executive change
  Richard Rosenblum resigned as President, Chief Financial Officer, Secretary at Innovative Payment Solutions, Inc..
  - Action: resigned
  - Role: President, Chief Financial Officer, Secretary
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390025002628/0001213900-25-002628-index.htm
- Executive change
  William D. Corbett was appointed as Chief Executive Officer at Innovative Payment Solutions, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed William D. Corbett, the current Executive Chairman of the Company, to the additional office of Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591913/000121390025002628/0001213900-25-002628-index.htm

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