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Innovation Beverage (IBG) appoints Justin Pettett as independent non-executive director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Innovation Beverage Group Ltd reported a Board change, appointing Justin Pettett as a non-executive, independent director effective April 1, 2026. He will serve under a Non-Executive Director’s Agreement and receive standard compensation for non-executive directors, including an annual fee and expense reimbursement. The company states that his appointment is expected to strengthen the Board’s capabilities as it advances its strategic initiatives and long-term growth plans.

Positive

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Negative

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foreign private issuer regulatory
"REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Form 6-K regulatory
"Form 6-K REPORT OF FOREIGN PRIVATE ISSUER"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
non-executive, independent director financial
"appointed Justin Pettett to its Board of Directors as a non-executive, independent director"
Non-Executive Director’s Agreement financial
"the Company entered into a Non-Executive Director’s Agreement with Mr. Pettett"
annual fee financial
"including an annual fee and reimbursement of reasonable expenses"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

Commission file number: 001-42278

 

INNOVATION BEVERAGE GROUP LTD

(Translation of registrant’s name into English)

 

29 Anvil Road 

Seven Hills, New South Wales, Australia, 2147

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F Form 40-F

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

Appointment of Director

 

On April 1, 2026, Innovation Beverage Group Ltd (the “Company”) appointed Justin Pettett to its Board of Directors as a non-executive, independent director, effective immediately.

 

In connection with his appointment, the Company entered into a Non-Executive Director’s Agreement with Mr. Pettett, dated April 1, 2026, pursuant to which Mr. Pettett will receive director compensation in accordance with the Company’s standard arrangements for non-executive directors, including an annual fee and reimbursement of reasonable expenses. There are no arrangements or understandings between Mr. Pettett and any other person pursuant to which he was appointed as a director.

 

The Company believes that Mr. Pettett’s appointment will strengthen the Board’s capabilities as the Company continues to advance its strategic initiatives and long-term growth plans.

 

 

 

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, thereunto duly authorized.

 

  Innovation Beverage Group Limited
     

Date: May 22, 2026

By: /s/ Sahil Beri
    Name: Sahil Beri
    Title: Chief Executive Officer

 

 

 

FAQ

What Board change did Innovation Beverage Group (IBG) disclose in this Form 6-K?

Innovation Beverage Group appointed Justin Pettett to its Board as a non-executive, independent director effective April 1, 2026. The filing highlights this governance change as part of the company’s ongoing effort to support its strategic initiatives and long-term growth plans.

Who is Justin Pettett in relation to Innovation Beverage Group (IBG)?

Justin Pettett has been appointed as a non-executive, independent director on Innovation Beverage Group’s Board. He joins under the company’s standard arrangements for non-executive directors, and the company believes his appointment will strengthen the Board’s capabilities as it pursues long-term growth.

When did Justin Pettett’s appointment to Innovation Beverage Group’s Board become effective?

Justin Pettett’s appointment as a non-executive, independent director became effective on April 1, 2026. The same date appears on his Non-Executive Director’s Agreement, aligning his formal engagement with the effective start of his Board responsibilities at the company.

How will Justin Pettett be compensated as a director of Innovation Beverage Group (IBG)?

Justin Pettett will receive director compensation consistent with Innovation Beverage Group’s standard arrangements for non-executive directors. This includes an annual fee and reimbursement of reasonable expenses, as outlined in his Non-Executive Director’s Agreement dated April 1, 2026.

Are there any special arrangements behind Justin Pettett’s appointment at Innovation Beverage Group (IBG)?

The company states there are no arrangements or understandings between Justin Pettett and any other person under which he was appointed as a director. His appointment is presented as an independent Board addition intended to support strategic initiatives and long-term growth plans.