secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2021-10-08T23:59:59+00:00
Accession:  0001493152-21-025011
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/0001493152-21-025011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000149315221025011/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-025011

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