Innovative Food Holdings Reports Officer Changes and Financials
Ticker: IVFH · Form: 8-K · Filed: Feb 3, 2025 · CIK: 312257
Sentiment: neutral
Topics: management-change, corporate-governance, filing
TL;DR
Leadership shakeup at Innovative Food Holdings, with new officers and director changes filed.
AI Summary
Innovative Food Holdings, Inc. filed an 8-K on February 3, 2025, reporting events as of January 29, 2025. The filing primarily concerns the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with details on compensatory arrangements for these officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance structure, which could impact its strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in key personnel and potential shifts in executive compensation can signal underlying business challenges or strategic realignments that may affect future performance.
Key Numbers
- 000-09376 — SEC File Number (Identifies the company's filing history with the SEC.)
- 20-1167761 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Innovative Food Holdings, Inc. (company) — Registrant
- January 29, 2025 (date) — Earliest event reported
- February 3, 2025 (date) — Filing date
- Florida (location) — State of incorporation
FAQ
Who specifically departed from their roles at Innovative Food Holdings, Inc. as of January 29, 2025?
The filing indicates the departure of directors or certain officers, but does not name the specific individuals in the provided text.
Were any new directors elected or officers appointed on January 29, 2025?
Yes, the filing explicitly states the election of directors and the appointment of certain officers as of January 29, 2025.
What is the primary reason for this 8-K filing?
The primary reasons are the departure of directors/officers, election of directors, appointment of officers, and details on compensatory arrangements.
When was Innovative Food Holdings, Inc. incorporated?
The company was incorporated in Florida.
Does this filing include financial statements?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as part of the information provided.
Filing Stats: 2,757 words · 11 min read · ~9 pages · Grade level 16.5 · Accepted 2025-02-03 16:11:52
Key Financial Figures
- $750,000 — ny non-employee director may not exceed $750,000 for the first calendar year a non-emplo
- $500,000 — s initially appointed to the Board, and $500,000 in any other calendar year. Types of A
Filing Documents
- innovfood20250130_8k.htm (8-K) — 51KB
- ex_772636.htm (EX-10.1) — 182KB
- 0001185185-25-000064.txt ( ) — 386KB
- ivfh-20250129.xsd (EX-101.SCH) — 3KB
- ivfh-20250129_lab.xml (EX-101.LAB) — 19KB
- ivfh-20250129_pre.xml (EX-101.PRE) — 10KB
- innovfood20250130_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 29, 2025, the Board of Directors (the "Board") of Innovative Food Holdings, Inc., a Florida corporation (the "Company"), approved the Innovative Food Holdings, Inc. 2025 Equity Incentive Plan (the "2025 Plan"). The material terms of the 2025 Plan are summarized as follows: Eligibility The Administrator may grant awards to any director, employee or consultant of the Company or its subsidiaries. Only employees are eligible to receive incentive stock options. Administration The 2025 Plan will be administered by the Board or one more committees or subcommittees of the Board, which will be comprised, unless otherwise determined by the Board, solely of not less than two members who will be non-employee directors (a "Committee"), or any officer that has been delegated administrative authority pursuant to the 2025 Plan for the duration such delegation is in effect (collectively, the "Administrator"). The Administrator will have the authority to make all determinations and interpretations under, prescribe all forms for use with, and adopt rules for the administration of the 2025 Plan, subject to the 2025 Plan's express terms and conditions. The Administrator will also set the terms and conditions of all awards under the 2025 Plan, including any vesting and vesting acceleration conditions. Share Reserve The maximum aggregate number of shares of the Company's common stock ("Shares") that may be issued under the 2025 Plan is 5,336,473. 5,336,473 Shares may be issued upon the exercise of incentive stock options. Shares issuable under the 2025 Plan may be authorized, but unissued, or reacquired shares. Shares underlying any awards under the 2025 Plan that are settled in cash, forfeited, canceled, repurchased, held back upon exercise of an option or settlement of an award to cover the exercise price o
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Description 10.1 Innovative Food Holdings, Inc. 2025 Equity Incentive Plan. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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: February 3, 2025 By: /s/ Robert William Bennett Robert William Bennett Chief Executive Officer