An announcement from NextNav (NN) is now available.
NextNav Inc. has expanded its Board of Directors from six to seven members and appointed Nicola Palmer to the newly created position. Palmer, whose term will last until the 2025 annual stockholders’ meeting, will also serve on the Audit Committee. Her compensation aligns with other non-employee directors, including a prorated restricted stock award and annual retainers for her board and committee service. The company will provide Palmer with an indemnity agreement similar to those of other directors. There are no disclosed conflicts of interest regarding her appointment, which was publicly announced via a press release.
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