{"url_path":"/sec/nxt/10-k/2026/item-16","section_key":"item-16","section_title":"Item 16 FORM 10-K SUMMARY","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-05-19","source_url":"https://www.sec.gov/Archives/edgar/data/1852131/0001852131-26-000017-index.html","accession_number":"0001852131-26-000017","cik":"0001852131","ticker":"NXT","issuer_name":"Nextpower Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1852131/0001852131-26-000017-index.html","primary_entity_key":"0001852131","primary_entity_name":"Nextpower Inc."},"word_count":993,"has_tables":true,"body_markdown":"ITEM 16. FORM 10-K SUMMARY\n\nNone.\n\nEXHIBIT INDEX\n\nIncorporated by reference\n\nExhibit No.DescriptionFiled HerewithFormFile No.ExhibitFiling Date\n\n[3.1](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000069/exhibit31-archarter.htm)\nSecond Amended and Restated Certificate of Incorporation of Nextpower Inc.8-K001-416173.1November 12, 2025\n\n[3.2](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000069/exhibit32-arbylaws.htm)\nSecond Amended and Restated Bylaws of Nextpower Inc.8-K001-416173.2November 12, 2025\n\n[4.1](https://www.sec.gov/Archives/edgar/data/1852131/000119312523163921/d502138dex41.htm)\nDescription of Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934, As Amended.10-K001-416174.1June 9, 2023\n\n[10.1](https://www.sec.gov/Archives/edgar/data/1852131/000119312523021533/d139910dex101.htm)\nForm of Third Amended and Restated Limited Liability Company Agreement of Nextpower LLC.S-1/A333-26923810.1February 1, 2023\n\n[10.2](https://www.sec.gov/Archives/edgar/data/1852131/000119312523008499/d139910dex102.htm)\nForm of Exchange Agreement.S-1333-26923810.2January 13, 2023\n\n[10.3](https://www.sec.gov/Archives/edgar/data/1852131/000119312523014311/d139910dex103.htm)\nForm of Tax Receivable Agreement.S-1/A333-26923810.3January 24, 2023\n\n[10.4](https://www.sec.gov/Archives/edgar/data/1852131/000119312523014311/d139910dex104.htm)\nForm of Letter Agreement.S-1/A333-26923810.4January 24, 2023\n\n[10.5](https://www.sec.gov/Archives/edgar/data/1852131/000119312523021533/d139910dex105.htm)\nForm of Amended and Restated Separation Agreement by and among Flex Ltd., Nextpower LLC, Nextpower Inc. and Flextronics International USA, Inc.S-1/A333-26923810.5February 1, 2023\n\n[10.6†](exhibit106-nxtequityincent.htm)\n\nSecond Amended and Restated 2022 Nextpower Inc. Equity Incentive Plan, as amended and restated effective as of August 19, 2024.\n\nX\n\n[10.7†](https://www.sec.gov/Archives/edgar/data/1852131/000119312523008499/d139910dex1011.htm)\nForm of Restricted Incentive Unit Award Agreement under the 2022 Equity Incentive Plan for time-based vesting awards (Executive).S-1333-26923810.11January 13, 2023\n\n[10.8†](https://www.sec.gov/Archives/edgar/data/1852131/000119312523008499/d139910dex1012.htm)\nForm of Restricted Incentive Unit Award Agreement under the 2022 Equity Incentive Plan for performance-based vesting awards (Executive).S-1333-26923810.12January 13, 2023\n\n111\n\n[10.9†](https://www.sec.gov/Archives/edgar/data/1852131/000119312523008499/d139910dex1013.htm)\nForm of Unit Option Award Agreement under the 2022 Equity Incentive Plan for time-based vesting awards (Executive).S-1333-26923810.13January 13, 2023\n\n[10.10†](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000050/exhibit101-formofrsuawarda.htm)\nForm of Restricted Stock Unit Award Agreement under the 2022 Nextpower Inc. Equity Incentive Plan for time-based vesting awards (Executive).\n\n10-Q001-4161710.1August 1, 2025\n\n[10.11†](https://www.sec.gov/Archives/edgar/data/1852131/000185213123000004/ex-102formofrestrictedstoc.htm)\nForm of Restricted Stock Unit Award Agreement under the 2022 Nextpower Inc. Equity Incentive Plan (Director).10-Q001-4161710.2August 9, 2023\n\n[10.12†](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000050/exhibit102-formoffy26restr.htm)\nForm of Performance Stock Unit Award Agreement under the 2022 Nextpower Inc. Equity Incentive Plan FY26 (Executive).10-Q001-4161710.2August 1, 2025\n\n[10.13†](https://www.sec.gov/Archives/edgar/data/1852131/000185213123000004/ex-104formofoptionawardagr.htm)\n\nForm of Stock Option Award Agreement under the 2022 Nextpower Inc. Equity Incentive Plan for time-based vesting awards (Executive).\n10-Q001-4161710.4August 9, 2023\n\n[10.14†](https://www.sec.gov/Archives/edgar/data/1852131/000119312523008499/d139910dex1015.htm)\nForm of Indemnification Agreement.S-1333-26923810.15January 13, 2023\n\n[10.15†](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000006/nxt12312024-ex101xexecutiv.htm)\nNextpower Inc. Executive Severance Plan.10-Q001-4161710.1January 31, 2025\n\n[10.16†](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000006/nxt12312024-ex102xexecutiv.htm)\nNextpower Inc. Executive Change in Control Severance Plan.\n10-Q\n\n001-41617\n10.2January 31, 2025\n\n[10.17](https://www.sec.gov/Archives/edgar/data/1852131/000119312523014311/d139910dex1016.htm)\nForm of Agreement and Plan of Merger, by and among Flex Ltd., Yuma, Inc., Nextpower Inc., and Yuma Acquisition Corp.S-1/A333-26923810.16January 24, 2023\n\n[10.18](https://www.sec.gov/Archives/edgar/data/1852131/000185213125000057/ex101-creditagreement.htm)\nCredit Agreement, dated September 8, 2025, by and among Nextracker Inc., Nextracker LLC, as Borrower, and the other parties thereto.8-K001-4161710.1September 8, 2025\n\n[10.19](https://www.sec.gov/Archives/edgar/data/1852131/000095010324000003/dp204261_ex1001.htm)\nTax Matters Agreement, dated January 2, 2024, by and among Nextpower Inc., Flex Ltd. and Yuma Inc.8-K001-4161710.1January 2, 2024\n\n[19.1](exhibit191-nxtinsidertradi.htm)\nNextpower Inc. Insider Trading and Trading Window Policy.\nX\n\n[21.1](exhibit211-listofsubsidiar.htm)\nList of Subsidiaries of the Registrant.\nX\n\n[23.1](exhibit231-consent_fy26.htm)\nConsent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm.\nX\n\n[31.1](nxt-3312026xex311fy26.htm)\nCertification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\nX\n\n[31.2](nxt-3312026xex312fy26.htm)\nCertification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\nX\n\n[32.1*](nxt-3312026xex321fy26.htm)\nCertification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\nX\n\n112\n\n[32.2*](nxt-3312026xex322fy26.htm)\nCertification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\nX\n\n[97.1](exhibit971-nxtclawbackpoli.htm)\nNextpower Inc. Financial Restatement Compensation Recoupment Policy.\nX\n\n101.INS\n\nInline XBRL Instance Document.\n\nX\n\n101.SCH\n\nInline XBRL Taxonomy Extension Schema Document.\n\nX\n\n101.CAL\n\nInline XBRL Taxonomy Extension Calculation Linkbase Document.\n\nX\n\n101.DEF\n\nInline XBRL Taxonomy Extension Definition Linkbase Document.\n\nX\n\n101.LAB\n\nInline XBRL Taxonomy Extension Label Linkbase Document.\n\nX\n\n101.PRE\n\nInline XBRL Taxonomy Extension Presentation Linkbase Document.\n\nX\n\n104Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).\nX\n\n† Management contract or compensatory plan or arrangement.\n\n* The certifications furnished in Exhibits 32.1 and 32.2 hereto are deemed to accompany this Annual Report on Form 10-K and are not deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, nor shall they be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act.\n\nSIGNATURES\n\nPursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.\n\nNextpower Inc.\n\nDate:May 19, 2026By:/s/ Daniel Shugar\n\nDaniel Shugar\n\nChief Executive Officer\n\n(Principal Executive Officer)\n\nDate:May 19, 2026By:\n/s/ Charles Boynton\n\nCharles Boynton\n\nChief Financial Officer\n\n(Principal Financial Officer)\n\nPower of Attorney\n\nKNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints jointly and severally, Daniel Shugar and Charles Boynton and each one of them, his attorneys-in-fact, each with the power of substitution, for her or him in any and all capacities, to sign any and all amendments to this Report, and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or her or his substitutes, may do or cause to be done by virtue hereof.\n\n113\n\nPursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.\n\nSignaturesTitleDate\n\n/s/ Daniel ShugarChief Executive Officer (Principal Executive Officer)May 19, 2026\n\nDaniel Shugar\n\n/s/ Charles Boynton\n\nChief Financial Officer (Principal Financial Officer)\nMay 19, 2026\n\nCharles Boynton\n\n/s/ David P. Bennett\n\nChief Accounting Officer (Principal Accounting Officer)\nMay 19, 2026\n\nDavid P. Bennett\n\n/s/ William D. WatkinsChairman of the BoardMay 19, 2026\n\nWilliam D. Watkins\n\n/s/ Julie BlundenDirectorMay 19, 2026\n\nJulie Blunden\n\n/s/ Jeffrey B. Guldner\nDirectorMay 19, 2026\n\nJeffrey B. Guldner\n\n/s/ Steven MandelDirectorMay 19, 2026\n\nSteven Mandel\n\n/s/ Monica Karuturi\nDirectorMay 19, 2026\n\nMonica Karuturi\n\n/s/ Mark Menezes\nDirectorMay 19, 2026\n\nMark Menezes\n\n/s/ Willy ShihDirectorMay 19, 2026\n\nWilly Shih\n\n/s/ Brandi ThomasDirectorMay 19, 2026\n\nBrandi Thomas\n\n/s/ Howard WengerDirectorMay 19, 2026\n\nHoward Wenger\n\n114"}