NextPlat Corporation has issued an amendment to its previously filed Form 8-K, clarifying the compensation arrangements for newly appointed CEO David Phipps. The correction confirms that Mr. Phipps's annual base salary has been increased to $450,000 and includes a one-time grant of 200,000 fully vested shares of common stock under the company's 2021 Incentive Plan. No other changes were made to his compensation.
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