8-K
filed August 3, 2023, 7:59 PM ET
ticker NXXT
CIK 0001817004
other material
confidence high
sentiment negative
materiality 0.75
EzFill board resignations, CFO appointment, and $440K related-party note
NEXTNRG, INC.
- Three directors (Allen Weiss, Luis Reyes, Mark Lev) resigned July 28; no disagreement cited.
- Appointed Michael Handelman as CFO ($5,560 quarterly salary, no benefits) and Bennett Kurtz as independent director ($130k annual stock compensation).
- Entered $440k promissory note with Next Charging (managed by 24% owner Michael Farkas); 10% OID, 8% to 18% interest, due Oct 2, 2023.
- Note includes conversion right upon default at average closing price over 10 days; default penalty of 150%.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bennett Kurtz was appointed as Director at NEXTNRG, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
Also on August 1, 2023, the Board appointed Mr. Bennett Kurtz to the Board an independent director.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Allen Weiss resigned as Director at NEXTNRG, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 28, 2023, Messrs. Allen Weiss, Luis Reyes, and Mark Lev notified EzFill Holdings, Inc. (the “Company”) that each was resigning as a member of the Board of Directors of the Company, effective as of July 28, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Luis Reyes resigned as Director at NEXTNRG, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 28, 2023, Messrs. Allen Weiss, Luis Reyes, and Mark Lev notified EzFill Holdings, Inc. (the “Company”) that each was resigning as a member of the Board of Directors of the Company, effective as of July 28, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Handelman was appointed as Chief Financial Officer at NEXTNRG, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On August 1, 2023, the Board of Directors (the “Board”) appointed Mr. Michael Handelman as the Chief Financial Officer (“CFO”) of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Lev resigned as Director at NEXTNRG, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On July 28, 2023, Messrs. Allen Weiss, Luis Reyes, and Mark Lev notified EzFill Holdings, Inc. (the “Company”) that each was resigning as a member of the Board of Directors of the Company, effective as of July 28, 2023.
View on SEC.gov
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