Innovative Food Holdings Files Administrative 8-K on Jan 22
Ticker: IVFH · Form: 8-K · Filed: Jan 22, 2024 · CIK: 312257
Complexity: simple
Sentiment: neutral
Topics: administrative, corporate-governance, 8-K
TL;DR
**Innovative Food Holdings filed a routine 8-K with no new material news.**
AI Summary
Innovative Food Holdings, Inc. filed an 8-K on January 22, 2024, under the 'Other Events' category. This filing primarily serves to update the public record with basic company information, such as its Florida incorporation, business address at 28411 Race Track Road, Bonita Springs, FL 34135, and phone number (239) 596-0204. For investors, this filing is largely administrative and doesn't contain new financial or operational news, meaning it has minimal direct impact on the stock's immediate value or investment thesis.
Why It Matters
This filing is largely administrative, providing updated company contact and registration details. It doesn't contain new financial or operational news, so it has minimal direct impact on the stock's immediate value.
Risk Assessment
Risk Level: low — This 8-K filing is purely administrative and does not disclose any events that would introduce new risks or change the company's operational or financial outlook.
Analyst Insight
Given this 8-K is purely administrative and contains no new material financial or operational information, a smart investor would likely take no immediate action based solely on this filing. It's a routine update that doesn't change the investment thesis.
Key Players & Entities
- Innovative Food Holdings, Inc. (company) — the registrant filing the 8-K
- Florida (location) — state of incorporation
- 28411 Race Track Road, Bonita Springs, Florida 34135 (location) — principal executive offices address
- (239) 596-0204 (phone_number) — registrant's telephone number
- January 22, 2024 (date) — date of earliest event reported and filing date
FAQ
What is the purpose of this specific 8-K filing by Innovative Food Holdings, Inc.?
This 8-K filing is categorized under 'Other Events' and primarily serves to update or confirm basic administrative information about Innovative Food Holdings, Inc., such as its incorporation details and business address, as of January 22, 2024.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 22, 2024.
What is the business address and phone number of Innovative Food Holdings, Inc. as stated in the filing?
The business address is 28411 Race Track Road, Bonita Springs, Florida 34135, and the telephone number is (239) 596-0204.
Is Innovative Food Holdings, Inc. considered an 'emerging growth company' according to this filing?
No, the filing indicates with an unchecked box that Innovative Food Holdings, Inc. is not an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
What is the state of incorporation for Innovative Food Holdings, Inc.?
Innovative Food Holdings, Inc. is incorporated in Florida.
Filing Stats: 827 words · 3 min read · ~3 pages · Grade level 14.1 · Accepted 2024-01-22 17:09:18
Key Financial Figures
- $50,000,000 — icated a demand and offer to settle for $50,000,000 and was set to go to trial on April 1,
Filing Documents
- innovfood20240122_8k.htm (8-K) — 23KB
- 0001185185-24-000112.txt ( ) — 156KB
- ivfh-20240122.xsd (EX-101.SCH) — 3KB
- ivfh-20240122_def.xml (EX-101.DEF) — 10KB
- ivfh-20240122_lab.xml (EX-101.LAB) — 20KB
- ivfh-20240122_pre.xml (EX-101.PRE) — 11KB
- innovfood20240122_8k_htm.xml (XML) — 2KB
01
Item 8.01. Other Events. Innovative Food Holdings, Inc., a Florida corporation (the "Company"), previously disclosed in a quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on November 9, 2023 that on September 16, 2019, an action (the "PA Action") was filed in the Court of Common Pleas of Philadelphia County, Trial Division, against, among others, the Company and its wholly-owned subsidiaries, igourmet and Food Innovations, Inc. Since the initial filing, other parties involved in the incident joined the action as plaintiffs. The complaint in the PA Action alleges, inter alia, wrongful death and negligence by a driver employed by igourmet. The PA Action indicated a demand and offer to settle for $50,000,000 and was set to go to trial on April 1, 2024. On January 5, 2024, all parties to the PA Action came to an agreement at Mediation on the material terms of settlement and are currently in the process of finalizing the necessary paperwork to conclude the matter. The Company anticipates that such paperwork will be completed, and that the matter will be officially dismissed, in the second quarter of 2024. The Company and its subsidiaries resolved all liabilities within the coverages of their insurance carriers. Cautionary Note on Forward-Looking Statements This Current Report on Form 8-K contains certain forward-looking statements and information relating to the Company that are based on the current beliefs of the Company's management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this Form 8-K. Words such as "may", "should", "expects", "projects," "intends", "plans", "believes", "anticipates", "hopes", "estimates", "goal" and variations of such words and similar expressions are intended to identify forward-looking statements. Should one
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVATIVE FOOD HOLDINGS, INC. Dated: January 22, 2024 By: /s/ Robert William Bennett Robert William Bennett Chief Executive Officer and Director (Principal Executive Officer)