---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-025011"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2021-10-08T23:59:59+00:00"
generated_at: "2026-06-28T21:42:59.448078+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-025011
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2021-10-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/0001493152-21-025011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-025011
- JSON: https://secwatch.observer/filing/0001493152-21-025011.json
- Plain text: https://secwatch.observer/filing/0001493152-21-025011.txt

## Key facts
- Executive change
  Paul R. Thomson was appointed as Chief Financial Officer at NextPlat Corp.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/0001493152-21-025011-index.htm
- Executive change
  Sarwar Uddin resigned as Chief Financial Officer at NextPlat Corp.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/0001493152-21-025011-index.htm
- Executive change
  Andrew Cohen was appointed as Senior Vice President of Operations at NextPlat Corp.
  - Action: appointed
  - Role: Senior Vice President of Operations
  source text: Board appointed Andrew Cohen as Senior Vice President of Operations of the Company, effective October 8, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/0001493152-21-025011-index.htm

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