---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-030380"
form_type: "8-K/A"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:41:40.605750+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NextPlat CEO salary raised to $450K; receives 200K fully vested shares

## Summary
- CEO David Phipps annual base salary increased to $450,000 effective September 24, 2025.
- One-time grant of 200,000 shares of common stock, fully vested on grant date (Sept 24, 2025).
- Grant made under NextPlat 2021 Incentive Plan; shares subject to insider trading policy.
- Employment Agreement amended to reflect CEO title, salary increase, and stock award; other terms unchanged.

## SEC filing metadata
- accession: 0001437749-25-030380
- form_type: 8-K/A
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000143774925030380/0001437749-25-030380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774925030380/nxpl20251002_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-030380
- JSON: https://secwatch.observer/filing/0001437749-25-030380.json
- Plain text: https://secwatch.observer/filing/0001437749-25-030380.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.