---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-001740"
form_type: "8-K/A"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2022-01-20T23:59:59+00:00"
generated_at: "2026-06-27T16:42:51.167994+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Orbsat Corp appoints Rodney Barreto to board; discloses his $1.2M participation in private placement

## Summary
- Rodney Barreto appointed to the board effective January 20, 2022; no committee assignment yet.
- Director agreement: $48,000/year cash retainer plus 20,000 restricted shares (half vest at grant, half at 1-year anniversary).
- Barreto purchased 370,371 shares at $3.24/share in a private placement that closed January 5, 2022, for total of $1,200,002.04.
- Private placement total: 2,229,950 shares sold, gross proceeds of approximately $7.2 million at $3.24 per share.
- This amendment corrects the original 8-K's omission of Barreto's participation as a purchaser in the offering.

## SEC filing metadata
- accession: 0001493152-22-001740
- form_type: 8-K/A
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2022-01-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315222001740/0001493152-22-001740-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315222001740/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-001740
- JSON: https://secwatch.observer/filing/0001493152-22-001740.json
- Plain text: https://secwatch.observer/filing/0001493152-22-001740.txt

## Key facts
- Executive change
  Rodney Barreto was appointed as Director at NextPlat Corp.
  - Action: appointed
  - Role: Director
  source text: On January 7, 2022, the Board of Directors (the “Board”) of Orbsat Corp (the “Company”) appointed Rodney Barreto as a new director to the Board, effective January 20, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315222001740/0001493152-22-001740-index.htm

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