Highest-materiality recent filing
Innovative Food Holdings sells property for $9.225M to Mountaintop Holdings
Closed sale of real property to Mountaintop Holdings for gross proceeds of $9.225 million.
COO Brady Smallwood departs; Argie Liarakos named EVP of Commercial Operations
COO Brady Smallwood employment expired Dec 31, 2025; he remains on board.
Innovative Food Holdings appoints Gary Schubert as CEO, replacing Bill Bennett
Gary Schubert appointed CEO, board member, effective Oct 3, 2025; resigns as CFO.
IVFH to sell Pennsylvania warehouse for $9.725M, exit cheese conversion business
Agreement to sell 220 Oak Hill Road, PA facility to Mountaintop Holdings for $9.725M; expected close by Sept 30, 2025.
Revenue $72.1M (+2.5% YoY); GAAP net income improved $6.2M to $2.5M.
Innovative Food Holdings reports FY24 GAAP net income $2.5M vs loss $3.7M; organic revenue +11.4%
Revenue $72.1M (+2.5% YoY); organic growth excluding divestitures/acquisitions +11.4%.
Innovative Food Holdings adopts 2025 Equity Incentive Plan with 5.3M shares reserved
Board approved 5,336,473 shares authorized for issuance under the 2025 Plan.
Innovative Food Holdings acquires LoCo Food Distribution for $358K; expects EPS accretion in 2025
Upfront cash $304,269 plus earnout up to $53,430 based on revenue/EBITDA targets; total consideration $357,699.
Stockholders approved name change to Harvest Group Holdings, Inc. and reverse stock split within 1-for-3 to 1-for-7 range.
Innovative Food Holdings closes $1.58M acquisition of Golden Organics
Total purchase price of $1.58M: $1.23M cash plus $350K seller note at 6% over 5 years.
IVFH acquires Golden Organics for $1.75M; $6.8M TTM revenue, organic growth strategy
Purchase price $1.75M: $1.4M cash + $350K 5-year seller note at 6% interest; inventory valued at ~$1.4M covers cash outlay.
Sale closed Aug 30, 2024: $525K cash at closing, $175K due within 30 days.
IVFH launches gourmet cheese supply with top 10 U.S. retailer; first shipments in October
New relationship with a top 10 U.S. retailer after a successful pilot across 10 stores this summer.
IVFH CEO reports turnaround progress, sets May 14 Q1 call and May 15 annual meeting
CEO letter says company returned to consistent adjusted EBITDA for first time in several years.
Innovative Food Holdings settles PA lawsuit; all liabilities covered by insurance
Settlement and release agreement received Jan 29, 2024 from plaintiffs in Philadelphia County action.
Innovative Food Holdings settles $50M wrongful death lawsuit; within insurance coverage
Settlement reached on Jan 5, 2024 for PA Action filed in 2019 alleging wrongful death and negligence.
IVFH restructures Home Gourmet e-commerce, sells two non-core businesses
Restructuring Home Gourmet: cutting ~20 jobs, halting paid marketing, reducing assortment 50%.
Innovative Food Holdings names Gary Schubert new CFO, effective Jan 1, 2024
CFO Richard Tang stepped down Dec 31, 2023; departure not due to disagreement with management.
Innovative Food Holdings appoints Brady Smallwood as COO, effective May 15, 2023
Smallwood was Sr. Director eCommerce at Kroger, managing $10B+ business and launching rapid delivery.
Innovative Food Holdings appoints Robert Bennett as CEO; Klepfish remains Chairman; Wiernasz resigns
Robert Bennett appointed CEO and director effective Feb 28, 2023; previously VP of eCommerce at Kroger.
CEO transition: Sam Klepfish steps down Feb 28; Bill Bennett appointed CEO, remains Chairman
Bill Bennett named CEO; base salary $375k with 3% annual increases, $50k signing bonus, performance bonuses up to $300k.
Innovative Food Holdings appoints Denver J. Smith as board observer, avoids proxy contest
Smith, part of a group holding 8.3% of IVFH stock, appointed board observer effective Nov 28, 2022.
Innovative Food Holdings corrects vote: reverse split proposal not approved at Jan 2022 meeting
Stockholders voted against reverse stock split (1:2 to 1:15); original filing erroneously reported approval.
Innovative Food Holdings shareholders approve reverse stock split and elect directors
All eight director nominees elected, including Hank Cohn, Joel Gold, Sam Klepfish, and others, with votes ranging from 255K to 22.3M.
Innovative Food Holdings raises $3.75M via private placement of 9.375M shares at $0.40/share
Company sold 9,375,000 shares of common stock at $0.40 per share to three institutional investors.
On May 15, 2025, Sam Klepfish resigned from his position as an independent member of the board of directors (“Board”) of Innovative Food Holdings, Inc. (the “Company”) and as a member of the Compensation Committee and Nominating and Corporate Governance Committee, effective immediately.
the board of directors of the Company (the “Board”) appointed Mr. Gary Schubert to the position of Chief Financial Officer of the Company, effective January 1, 2024.
Richard Tang, the Chief Financial Officer of Innovative Food Holdings, Inc. (the “Company”), has stepped down from his position as Chief Financial Officer, effective December 31, 2023.
On May 17, 2023, the Board of Directors (the “ Board ”) of Innovative Food Holdings, Inc. (the “ Company ”, “ we ”, or “ our ”) appointed Mr. Brady Smallwood, the Company’s Chief Operating Officer, as a director of the Company, effective immediately.
On May 15, 2023, Mr. Brady Smallwood became the Chief Operating Officer of the Company.
Effective March 13, 2023, Mr. Denver J. Smith was appointed a director of Innovative Food Holdings, Inc.
Effective March 1, 2023, Mr. Justin Wiernasz is resigning as our Director of Strategic Acquisitions and as a director.
On February 28, 2023, after the close of business, Mr. Robert William Bennett is the Chief Executive Officer and a director of Innovative Food Holdings, Inc.
after the close of business on February 28, 2023, Mr. Sam Klepfish resigned as the Chief Executive Officer of the Company although he will remain as a director and Chairman.
Effective March 1, 2023, Mr. Justin Wiernasz is resigning as our Director of Strategic Acquisitions and as a director.
On February 28, 2023, after the close of business, Mr. Robert William Bennett is the Chief Executive Officer and a director of Innovative Food Holdings, Inc.
Effective September 10, 2021, Mr. Jefferson Gramm was appointed a director of the Company to fill a newly created vacancy on the Board of Directors
Max materiality 0.75 · Median 0.60 · Most common event other_material