---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-024305"
form_type: "8-K/A"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2021-10-01T23:59:59+00:00"
generated_at: "2026-06-28T23:44:37.151513+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Orbsat Corp amends four exec employment agreements and 2020 equity plan

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-024305
- form_type: 8-K/A
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2021-10-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315221024305/0001493152-21-024305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315221024305/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-024305
- JSON: https://secwatch.observer/filing/0001493152-21-024305.json
- Plain text: https://secwatch.observer/filing/0001493152-21-024305.txt

## Key facts
- Executive change
  Theresa Carlise changed role as Chief Accounting Officer, Secretary and Treasurer at NextPlat Corp.
  - Action: changed title
  - Role: Chief Accounting Officer, Secretary and Treasurer
  source text: change Ms. Carlise’s title to “Chief Accounting Officer, Secretary and Treasurer.”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315221024305/0001493152-21-024305-index.htm
- Executive change
  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
  source text: change Mr. Phipps’ title to “President of Orbsat Corp and Chief Executive Officer of Global Operations”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315221024305/0001493152-21-024305-index.htm

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