x

Posted 23 May, 2023

INNOVATIVE FOOD HOLDINGS INC appointed new CEO

CEO Change detected for ticker OTC:IVFH in a 8-K filed on 23 May, 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. Mr. Smallwood was appointed as the director designee of Mr. Robert William Bennett, the Chief Executive Officer and a director of the Company, pursuant to the employment agreement, dated January 30, 2023, between the Company and Mr. Bennett (the "Employment Agreement").  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of INNOVATIVE FOOD HOLDINGS INC
Consumer Goods • Food Products
Innovative Food Holdings, Inc. engages in the provision of end-to-end direct-to-consumer e-commerce and direct-to-chef platforms. It distributes specialty food and food related products through national partnership based and regionally based foodservice related channels. Its products include seafood, meat and game, produce, poultry, mushrooms, and cheese. The firm offers its products through the igourmet, Artisan, Swift River, and Artistré brands. The company was founded in June 1979 and is headquartered in Bonita Springs, FL.
Market Cap
$46.5M
View Company Details
INNOVATIVE FOOD HOLDINGS INC by TradingView
Relevant filing section
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


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. Mr. Smallwood was appointed as the director designee of Mr. Robert William Bennett, the Chief Executive Officer and a director of the Company, pursuant to the employment agreement, dated January 30, 2023, between the Company and Mr. Bennett (the "Employment Agreement"). Under the Employment Agreement, the Board or its nominating committee must nominate to the Board an individual designated by Mr. Bennett in good faith, subject to the Board's fiduciary judgement and applicable legal or regulatory requirements and limitations. Under the terms of the Employment Agreement, as Mr. Bennett's director designee, Mr. Smallwood may be removed or be asked to resign from his position on the Board in the event that Mr. Bennett's employment with the Company is terminated. Mr. Smallwood was not appointed to any committees of the Board.


Other than Mr. Smallwood's employment agreement with the Company, dated April 14, 2023, previously disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 15, 2023, Mr. Smallwood has not been involved in any transaction with the Company that would require disclosure under Item 404(a) of Regulation S-K. As an employee director, Mr. Smallwood is eligible to participate in the Company's 2011 Stock Option Plan.