NextPlat Corp filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

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Securities registered pursuant to Section 12(b) of the Act:

 

 

 

 

 

As a result of the passing of Charles M. Fernandez, Executive Chairman and Chief Executive Officer of NextPlat Corp (the “Company”), on May 24, 2025, the Company’s Board of Directors (the “Board”) appointed David Phipps, the Company's current President and CEO of Global Operations and Director, as Interim Chief Executive Officer.

 

Mr. Phipps currently serves as the Managing Director of NextPlat’s UK subsidiary, GTC, and President of its two US subsidiaries, Orbital Satcom and Outfitter Satellite. Mr. Phipps is the founder of the Company’s two subsidiaries, UK-based Global Telesat Communications and US-based Orbital Satcom Corp. He previously served as the Company’s CEO and Chairman from 2015 to 2021, leading the Company from start-up through to its listing on Nasdaq in 2021. He has over 20 years’ experience in the communications industry, during which time he has overseen acquisitions, mergers and capital raising activities, and has more than 35 years of experience of investment management, finance, and operational roles in several private and public companies.

 

The Company has not made any changes to Mr. Phipps’s existing employment agreement in connection with his appointment as Interim Chief Executive Officer.

 

There are no arrangements or understandings between Mr. Phipps and any other persons pursuant to Mr. Phipps was selected as an officer of the Company, Mr. Phipps has no family relationships with any of the Company’s directors or executive officers, and Mr. Phipps is not a party to and does not have any direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K under the Securities Act of 1933, as amended.

 

 

Exhibits.

 

 

 

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.