Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 28, 2022, the board of directors of NextPlay Technologies, Inc., a
Nevada corporation (the "Company") appointed Mr. Nutthaphol Rungsakhon to serve
as the Company's interim Chief Financial Officer (the "Interim CFO"), effective
immediately. His appointment fills the vacant position resulting from Kent
Taepakdee's resignation on November 18, 2022, as disclosed in that Current
Report on Form 8-K filed by the Company on November 25, 2022. Mr. Rungsakhon
will hold this interim position until his successor is duly elected and
qualified, subject to his earlier death, resignation, or removal.
Mr. Rungsakhon, 37, served as the Company's Vice President of Finance since
November 2021 and until he was appointed as the Interim CFO of the Company. Mr.
Rungsakhon appointment as the Interim CFO was based on various considerations,
including his 14 years of experience in the accounting and finance industry, and
his experience with financial reporting obligations of multi-national
businesses. Prior to joining the Company, from October 2020 until October 2021,
Mr. Rungsakhon served as an Audit Director at KPMG Thailand ("KPMG Thailand")
where he was directly responsible for managing the audit teams and audit
engagement process for clients of KPMG Thailand, of which required Mr.
Rungsakhon to oversee the audit controls and processes, to prepare and review
audit documentations and reports generated by the audit teams, and to monitor
the overall engagement process.
From October 2016 to October 2020, Mr. Rungsakhon served as an Associate
Director at KPMG Thailand where he was responsible for the day-to-day management
of numerous internal audit engagements with clients of KPMG Thailand, the
preparation of audit reports and supporting documentation for such engagements,
and the development of new and enhanced audit programs and approaches to better
the audit program of KPMG Thailand.
Mr. Rungsakhon earned his B.S. degree in Accounting from Thammasat University, a
public university in Bangkok, Thailand. Mr. Rungsakhon is also a member of the
Federation of Accounting Professions and has obtained his CPA license in
Thailand.
There is no arrangement or understanding between Mr. Rungsakhon and any other
person pursuant to which Mr. Rungsakhon was appointed as the Interim CFO of the
Company. There are no family relationships between Mr. Rungsakhon and any of the
Company's directors, executive officers or persons nominated or chosen by the
Company to become a director or executive officer. Mr. Rungsakhon is not a
participant in, nor is Mr. Rungsakhon to be a participant in, any related-person
transaction or proposed related-person transaction required to be disclosed by
Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as
amended (the "Exchange Act").
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