Orbsat CFO resigns; Paul Thomson appointed CFO, Andrew Cohen named SVP of Operations

NextPlat Corp

Sarwar Uddin resigned as CFO effective Oct 8, 2021; Paul R. Thomson, EVP, appointed CFO effective Oct 9, 2021.
Andrew Cohen appointed SVP of Operations effective Oct 8, 2021; base salary $250,000, initial 3-year term.
Cohen received inducement grants: options for 25,000 shares at $5.35 (immediately vested, 5-year term) and 25,000 restricted shares (10,000 immediate vest, 15,000 over 3 years).
Board approved monthly bonuses of $3,000 each for CEO/Exec Chair Charles Fernandez and President David Phipps, retroactive to June 2021.
Theresa Carlise's employment agreement extended from 1 to 3 years.

item 5.02 item 7.01 item 9.01

Executive movements

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

Role change

Paul R. Thomson

Chief Financial Officer

NXPL · NextPlat Corp

Effective: 2021-10-09
Filed: October 8, 2021, 7:59 PM ET

Board of Directors of the Company (the “Board”) appointed Paul R. Thomson, the Executive Vice President of the Company, to the additional position of Chief Financial Officer of the Company effective October 9, 2021.

Departed

Sarwar Uddin

Chief Financial Officer

NXPL · NextPlat Corp

Effective: 2021-10-08
Successor: Paul R. Thomson
Filed: October 8, 2021, 7:59 PM ET

Sarwar Uddin, the Chief Financial Officer of Orbsat Corp (the “Company”), notified the Company of his resignation from all positions he holds with the Company. Mr. Uddin’s resignation will be effective as of the close of business on October 8, 2021.

Appointed

Andrew Cohen

Senior Vice President of Operations

NXPL · NextPlat Corp

Effective: 2021-10-08
Filed: October 8, 2021, 7:59 PM ET

Board appointed Andrew Cohen as Senior Vice President of Operations of the Company, effective October 8, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul R. Thomson was appointed as Chief Financial Officer at NextPlat Corp.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Board of Directors of the Company (the “Board”) appointed Paul R. Thomson, the Executive Vice President of the Company, to the additional position of Chief Financial Officer of the Company effective October 9, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sarwar Uddin resigned as Chief Financial Officer at NextPlat Corp.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Sarwar Uddin, the Chief Financial Officer of Orbsat Corp (the “Company”), notified the Company of his resignation from all positions he holds with the Company. Mr. Uddin’s resignation will be effective as of the close of business on October 8, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Cohen was appointed as Senior Vice President of Operations at NextPlat Corp.

Action: appointed
Role: Senior Vice President of Operations

Exact text from the filing

Board appointed Andrew Cohen as Senior Vice President of Operations of the Company, effective October 8, 2021.

View on SEC.gov

NextPlat Corp filing history →

Source: SEC EDGAR

accession 0001493152-21-025011

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