Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1025

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1025
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 our board and hold their respective offices until their resignation or earlier removal by the board.

In accordance with our
Articles of Incorporation, as amended, incumbent directors are elected to serve until our next annual meeting and until each director’s
successor is duly elected and qualified.

    Name
     
    Age
     
    Position
  
    William Corbett
     
    65
     
    Chairman of the Board, Chief Executive Officer, and Director
  
    Madisson Butler
     
    36
     
    Director
  
    David Rios
     
    82
     
    Director

Currently, our Board
of Directors consists of four (4) members: William Corbett (Chairman), Richard Rosenblum, Madisson Butler, and David Rios. Except
for Ms. Butler, who is the daughter of Mr. Corbett, there are no family relationships between the members of our Board of Directors and
executive officers.

The following information
pertains to the members of our board and executive officers, their principal occupations and other public Company directorships for at
least the last five years and information regarding their specific experiences, qualifications, attributes and skills: 

William Corbett, Chairman
of the Board, Chief Executive Officer and Director. Mr. Corbett has been serving as the Company’s Chief Executive
Officer and a Director since August 6, 2019 and as its Chairman since February 22, 2021. He was also the Company’s Interim
Chief Financial Officer from August 6, 2019 to July 22, 2021.

William Corbett has over
thirty years of Wall Street experience. Starting with Bear Stearns in the mid-eighties he became an associate director responsible
for managing over 50 brokers and was subsequently hired by Lehman Brothers where he was one of the top producers in the 1990’s.
In 1995, he co-founded and became CEO of The Shemano Group, a San Francisco investment banking boutique, which developed into one
of the leading banks for funding small cap companies. Mr. Corbett was a managing director at Paulson Investment Co. from October 2013
until October 2016, responsible for West Coast investment banking activities. He also has served as CEO of DPL a lending company,
and a wholly owned subsidiary of DPW Holdings, Inc., from October of 2016 until May 2019.