1 unchanged sentence
June 22, 2021, Thomas Seifert’s employment as the Company’s Chief Financial Officer was terminated for cause.
−Removed: asserts that the termination was not for cause and that he is owed all compensation payable under his employment agreement executed in
+Added: asserts that the termination was not for cause and that he is owed compensation payable under his June 2, 2021 employment agreement.
The Company’s position is that Mr.
−Removed: Seifert is not owed any additional consideration or compensation relating to his
−Removed: prior service with the Company or arising under any employment agreement.
+Added: Seifert is not owed any additional compensation relating to his prior service with the Company
+Added: or arising under any employment agreement.
The Company and Mr.
−Removed: Seifert are currently engaged in litigation
−Removed: over the matter of his employment and termination.
+Added: Seifert are currently engaged in litigation over the matter of his employment
+Added: and termination.
The Company believes it has adequate defenses to Mr.
−Removed: Seifert’s claims and has
−Removed: advanced claims against Mr.
−Removed: Seifert including, but not limited to, breach of the employment agreement, breach of the fiduciary, fraud
−Removed: in the inducement in connection with the employment agreement, fraudulent misrepresentation, and constructive fraud.
−Removed: The Company does
−Removed: not expect to seek substantial monetary relief in the litigation.
+Added: Seifert’s claims and has asserted affirmative claims for
+Added: relief against Mr.
+Added: Seifert including, but not limited to, breach of the employment agreement, breach of the fiduciary, fraud in the inducement
+Added: in connection with the employment agreement, fraudulent misrepresentation, and constructive fraud.
+Added: The Company does not expect to seek
+Added: substantial monetary relief in the litigation.
+Added: This dispute is pending before the District Court for the Southern District of Florida
+Added: under Case No.
+Added: 1:21-cv-22436-DPG.
+Added: June 24, 2021, Seifert submitted an online whistleblower complaint to the Occupational Safety and Health Administration (OSHA) alleging
+Added: that NextPlat engaged in retaliatory employment practices in violation of the Sarbanes-Oxley Act.
+Added: NextPlat responded by moving to dismiss
+Added: Seifert’s complaint, citing Seifert’s failure to make a prima facie showing that a protected activity contributed
+Added: to the adverse action alleged in the complaint.
+Added: On July 21, 2022, following an investigation by the Regional Administrator for OSHA,
+Added: Region IV, the Secretary of Labor issued its findings, dismissing Seifert’s complaint on the grounds that the OSHA investigator
+Added: found that the evidence did not support Seifert’s claims.
time to time, the Company may become involved in litigation relating to claims arising out of our operations in the normal course of
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.