NextPlat Management
Management criteria checks 2/4
NextPlat's CEO is Charles Fernandez, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is $3.27M, comprised of 14.3% salary and 85.7% bonuses, including company stock and options. directly owns 19.64% of the company’s shares, worth $4.49M. The average tenure of the management team and the board of directors is 2.1 years and 3 years respectively.
Key information
Charles Fernandez
Chief executive officer
US$3.3m
Total compensation
| CEO salary percentage | 14.3% |
| CEO tenure | 2.9yrs |
| CEO ownership | 19.6% |
| Management average tenure | 2.1yrs |
| Board average tenure | 3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$468k | -US$4m |
| Sep 30 2023 | n/a | n/a | -US$3m |
| Jun 30 2023 | n/a | n/a | -US$12m |
| Mar 31 2023 | n/a | n/a | -US$9m |
| Dec 31 2022 | US$2m | US$350k | -US$9m |
| Sep 30 2022 | n/a | n/a | -US$12m |
| Jun 30 2022 | n/a | n/a | -US$8m |
| Mar 31 2022 | n/a | n/a | -US$8m |
| Dec 31 2021 | US$1m | US$206k | -US$8m |
Compensation vs Market: Charles's total compensation ($USD3.27M) is above average for companies of similar size in the US market ($USD663.90K).
Compensation vs Earnings: Charles's compensation has increased whilst the company is unprofitable.
CEO
Charles Fernandez (60 yo)
2.9yrs
Tenure
US$3,274,000
Compensation
Mr. Charles M. Fernandez, also known as Charlie, serves as Chairman of Progressive Care, Inc. since September 13, 2022 and serves as its Chief Executive Officer from November 11, 2022. He served as Portfol...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 2.9yrs | US$3.27m | 19.64% $ 4.5m | |
| Chief Business Development Strategist & Vice Chairman | 2.8yrs | US$756.00k | 0.56% $ 128.1k | |
| President | no data | US$402.00k | 2.25% $ 514.6k | |
| Chief Financial Officer | 1.5yrs | no data | 0.027% $ 6.1k | |
| Chief Compliance Officer | 1.5yrs | no data | 0.027% $ 6.1k | |
| Senior Vice President – Mergers | no data | no data | 0% $ 0 |
2.1yrs
Average Tenure
61yo
Average Age
Experienced Management: NXPL's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 3yrs | US$3.27m | 19.64% $ 4.5m | |
| Chief Business Development Strategist & Vice Chairman | 2.8yrs | US$756.00k | 0.56% $ 128.1k | |
| President | 9.3yrs | US$402.00k | 2.25% $ 514.6k | |
| Independent Director | 3yrs | US$96.00k | 0.23% $ 52.5k | |
| Independent Director | 2.3yrs | US$283.00k | 8.55% $ 2.0m | |
| Independent Director | 3yrs | US$96.00k | 0.21% $ 48.8k | |
| Independent Director | 9yrs | US$96.00k | 0.13% $ 30.0k | |
| Lead Independent Director | 3yrs | US$96.00k | 0.30% $ 67.6k | |
| Independent Director | 1.7yrs | US$105.00k | 0% $ 0 |
3.0yrs
Average Tenure
60yo
Average Age
Experienced Board: NXPL's board of directors are considered experienced (3 years average tenure).