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 compensation payable under his June 2, 2021 employment agreement.
+Added: asserts that the termination was not for cause and that he is owed all compensation payable under his employment agreement executed in
The Company’s position is that Mr.
−Removed: Seifert is not owed any additional compensation relating to his prior service with the Company
−Removed: or arising under any employment agreement.
+Added: Seifert is not owed any additional consideration or compensation relating to his
+Added: prior service with the Company or arising under any employment agreement.
The Company and Mr.
−Removed: Seifert are currently engaged in litigation over the matter of his employment
−Removed: and termination.
+Added: Seifert are currently engaged in litigation
+Added: over the matter of his employment and termination.
The Company believes it has adequate defenses to Mr.
−Removed: Seifert’s claims and has asserted affirmative claims for
−Removed: relief against Mr.
−Removed: Seifert including, but not limited to, breach of the employment agreement, breach of the fiduciary, fraud in the inducement
−Removed: in connection with the employment agreement, fraudulent misrepresentation, and constructive fraud.
−Removed: The Company does not expect to seek
−Removed: substantial monetary relief in the litigation.
−Removed: This dispute is pending before the District Court for the Southern District of Florida
−Removed: under Case No.
+Added: Seifert’s claims and has
+Added: advanced claims against Mr.
+Added: Seifert including, but not limited to, breach of the employment agreement, breach of the fiduciary, fraud
+Added: in the inducement in connection with the employment agreement, fraudulent misrepresentation, and constructive fraud.
+Added: The Company does
+Added: not expect to seek substantial monetary relief in the litigation.
+Added: [This dispute is pending before the District Court for the Southern District of Florida under Case No.
1:21-cv-22436-DPG.]
−Removed: June 24, 2021, Seifert submitted an online whistleblower complaint to the Occupational Safety and Health Administration (OSHA) alleging
−Removed: that NextPlat engaged in retaliatory employment practices in violation of the Sarbanes-Oxley Act.
−Removed: NextPlat responded by moving to dismiss
−Removed: Seifert’s complaint, citing Seifert’s failure to make a prima facie showing that a protected activity contributed
−Removed: to the adverse action alleged in the complaint.
−Removed: On July 21, 2022, following an investigation by the Regional Administrator for OSHA,
−Removed: Region IV, the Secretary of Labor issued its findings, dismissing Seifert’s complaint on the grounds that the OSHA investigator
−Removed: found that the evidence did not support Seifert’s claims.
−Removed: On September 8, 2022, we received notice from the U.S.
−Removed: Department of
−Removed: Labor that Thomas Seifert had withdrawn his Complaint.
−Removed: Pursuant to applicable Federal Regulations, the matter was closed and the Secretary’s
−Removed: Findings were rescinded.
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.