false 0001058307 0001058307 2025-09-09 2025-09-09 0001058307 nxpl:CommonStockCustomMember 2025-09-09 2025-09-09 0001058307 nxpl:WarrantsCustomMember 2025-09-09 2025-09-09

 

 

 

 

 

 

(Exact Name of Registrant as Specified in its Charter)

 

 

(Address of principal executive offices and zip code)

 

(Registrant’s telephone number, including area code)

 

(Former name or former address, if changed from last report)

 

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).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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

 

 

 

 

 

 

On September 3, 2025, the Board of Directors (the “Board”) appointed Rodney Barreto, the Company’s current Interim Chairman, as Chairman of the Board. Mr. Barreto has served as Interim Chairman since May following the passing of Charles M. Fernandez, our late Executive Chairman and CEO, in May 2025.

 

 

On September 3, 2025, the Board appointed David Phipps, the Company’s current Interim Chief Executive Officer, as Chief Executive Officer. Mr. Phipps has served as Interim Chief Executive Officer since May following the passing of Charles M. Fernandez, our late Executive Chairman and CEO, in May 2025.

 

As of the date of this report, the Company has not made any changes to Mr. Phipps’s existing employment agreement in connection with his appointment as 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.

 

 

On September 9, 2025, the Company issued a press release announcing the appointments of Messrs. Barreto and Phipps to their respective positions as Chairman and Chief Executive Officer on a permanent basis.

 

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

 

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.