Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1749

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1749
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Item 9B. Other
Information

None.

Item 9C. Disclosure
Regarding Foreign Jurisdictions that Prevent Inspections

Not applicable.

29

PART III

Item 10. Directors, Executive Officers
and Corporate Governance

The table below sets
certain information concerning our executive officers and directors, including their names, ages, anticipated positions with us. Our executive
officers are chosen by 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.

Executive Officers
and Directors

The table below sets
certain information concerning our executive officers and directors, including their names, ages, anticipated positions with us. Our executive
officers are chosen by 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,