---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-002407"
form_type: "8-K/A"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T14:39:03.813665+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-002407
- form_type: 8-K/A
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315222002407/0001493152-22-002407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315222002407/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-002407
- JSON: https://secwatch.observer/filing/0001493152-22-002407.json
- Plain text: https://secwatch.observer/filing/0001493152-22-002407.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315222002407/0001493152-22-002407-index.htm

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