NextPlat appoints Douglas Ellenoff as Vice Chairman & Chief Business Development Strategist; Paul Thomson as EVP

NextPlat Corp

Ellenoff receives 100,000 restricted shares and options to purchase 1,500,000 shares at $5.35, vesting over 3-5 years.
Thomson receives 25,000 options (vested immediately) and 25,000 restricted shares (10,000 immediate, 15,000 over 3 years).
Equity awards granted as Nasdaq inducement grants under Rule 5635(c)(4); no cash compensation for Ellenoff.
Thomson's base salary is $250,000/year plus bonus eligibility; both agreements are 3-year terms.
Company press release announces expanded e-commerce focus alongside leadership appointments.

item 5.02 item 7.01 item 9.01

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Appointed

Douglas S. Ellenoff

Chief Business Development Strategist and Vice Chairman of the Board of Directors

NXPL · NextPlat Corp

Effective: 2021-08-24
Filed: January 27, 2022, 6:59 PM ET

On August 24, 2021, Douglas S. Ellenoff was appointed to the positions of Chief Business Development Strategist of Orbsat Corp (the “Company”) and Vice Chairman of the Board of Directors of the Company.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas S. Ellenoff was appointed as Chief Business Development Strategist and Vice Chairman of the Board of Directors at NextPlat Corp.

Action: appointed
Role: Chief Business Development Strategist and Vice Chairman of the Board of Directors

Exact text from the filing

On August 24, 2021, Douglas S. Ellenoff was appointed to the positions of Chief Business Development Strategist of Orbsat Corp (the “Company”) and Vice Chairman of the Board of Directors of the Company.

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Source: SEC EDGAR

accession 0001493152-22-002407

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