Orbsat Corp amends four exec employment agreements and 2020 equity plan

NextPlat Corp

Fernandez (CEO) gets medical plan coverage and $1,000/mo auto allowance; Phipps (President) gets title change and $1,000/mo auto allowance.
Uddin (CFO) gets $600/mo medical allowance; Carlise (CAO) title changed to Chief Accounting Officer, Secretary & Treasurer.
Amended 2020 Equity Plan removes ISO eligibility, clarifies exercise price at Fair Market Value, and adjusts for 1-for-5 reverse split.
Plan also revises definition of Consultant, shifts administration to Compensation Committee, and removes one-year shareholder approval requirement.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Theresa Carlise

Chief Accounting Officer, Secretary and Treasurer

NXPL · NextPlat Corp

Effective: 2021-08-07
Filed: October 1, 2021, 7:59 PM ET

change Ms. Carlise’s title to “Chief Accounting Officer, Secretary and Treasurer.”

Role change

David Phipps

President of Orbsat Corp and Chief Executive Officer of Global Operations

NXPL · NextPlat Corp

Effective: 2021-08-07
Filed: October 1, 2021, 7:59 PM ET

change Mr. Phipps’ title to “President of Orbsat Corp and Chief Executive Officer of Global Operations”

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Theresa Carlise changed role as Chief Accounting Officer, Secretary and Treasurer at NextPlat Corp.

Action: changed title
Role: Chief Accounting Officer, Secretary and Treasurer

Exact text from the filing

change Ms. Carlise’s title to “Chief Accounting Officer, Secretary and Treasurer.”

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Phipps changed role as President of Orbsat Corp and Chief Executive Officer of Global Operations at NextPlat Corp.

Action: changed title
Role: President of Orbsat Corp and Chief Executive Officer of Global Operations

Exact text from the filing

change Mr. Phipps’ title to “President of Orbsat Corp and Chief Executive Officer of Global Operations”

View on SEC.gov

NextPlat Corp filing history →

Source: SEC EDGAR

accession 0001493152-21-024305

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