NextPlat clarifies director appointment, discloses Fernandez compensation terms

NextPlat Corp

Amendment confirms Maria Cristina Fernandez as new Board member; original 8-K filed Sept 19, 2022.
Director Services Agreement: $30,000 annual retainer, $3,000 per Board meeting, $500 per committee meeting.
Stock Option Agreement: 20,000 shares at $2.15 exercise price; 50% vest immediately, 50% in one year.
Option granted outside existing equity plans, approved by independent directors; two-year term.

item 5.02 item 9.01

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Appointed

Maria Cristina Fernandez

Director

NXPL · NextPlat Corp

Filed: October 5, 2022, 7:59 PM ET

On September 19, 2022, NextPlat Corp (the "Company") filed with the Securities and Exchange Commission a Current Report on Form 8-K (the "Original Form 8-K") disclosing, among other things, that the Board of Directors of the Company (the "Board") had appointed Ms. Cristina Fernandez to fill a newly-created position on the Board.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Maria Cristina Fernandez was appointed as Director at NextPlat Corp.

Action: appointed
Role: Director

Exact text from the filing

On September 19, 2022, NextPlat Corp (the "Company") filed with the Securities and Exchange Commission a Current Report on Form 8-K (the "Original Form 8-K") disclosing, among other things, that the Board of Directors of the Company (the "Board") had appointed Ms. Cristina Fernandez to fill a newly-created position on the Board.

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NextPlat Corp filing history →

Source: SEC EDGAR

accession 0001493152-22-027696

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