---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-021557"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2021-08-30T23:59:59+00:00"
generated_at: "2026-06-29T06:55:47.072929+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Orbsat appoints Douglas Ellenoff as Vice Chairman/Chief Business Dev Strategist and Paul Thomson as EVP

## Summary
- Douglas S. Ellenoff appointed Vice Chairman and Chief Business Development Strategist; receives 100k shares RSU (40k immediate) and options for 1.5M shares at $5.35.
- Paul R. Thomson appointed Executive Vice President; receives 25k options immediate and 25k RSU (10k immediate) with $250k base salary.
- Equity grants issued as Nasdaq inducement grants outside shareholder-approved plan.
- Company expands strategic focus on e-commerce; cites $14M growth capital and Q2 revenue growth.

## SEC filing metadata
- accession: 0001493152-21-021557
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2021-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315221021557/0001493152-21-021557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315221021557/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-021557
- JSON: https://secwatch.observer/filing/0001493152-21-021557.json
- Plain text: https://secwatch.observer/filing/0001493152-21-021557.txt

## Key facts
- Executive change
  Douglas S. Ellenoff was appointed as Vice Chairman and Chief Business Development Strategist at NextPlat Corp.
  - Action: appointed
  - Role: Vice Chairman and Chief Business Development Strategist
  source text: On August 24, 2021, Douglas S. Ellenoff was appointed to the positions of Chief Business Development Strategist of Orbsat Corp (the “Company”) and Vice Chairman of the Board of Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315221021557/0001493152-21-021557-index.htm

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