Business Context and Reporting Period
This Form 8-K Current Report was filed by Nixxy, Inc. on June 29, 2026. The filing reports the election of a new member to the Company's Board of Directors. Nixxy, Inc. is incorporated in Nevada and its common stock trades on the NASDAQ Capital Market under the symbol NIXX. The Company is classified as an emerging growth company.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Simon Kearney as a member of the Board of Directors effective June 29, 2026. Mr. Kearney brings decades of leadership experience in hospitality, commercial real estate, and asset management, having served as President and CEO of Kilkenny LLC and Killane LLC since 2012 and 2015, respectively.
Compensation and Governance Details
As compensation for his appointment, Mr. Kearney received the following:
- Initial Grant: 50,000 shares of common stock under the 2024 Equity Incentive Plan.
- Annual Grant: 50,000 shares of common stock for each year of service (pro-rated for the current year), vesting in four even quarterly payments.
- Cash Compensation: A monthly payment of $2,500.
The filing states there are no family relationships between Mr. Kearney and existing officers or directors, and no undisclosed transactions in which he has a material interest.
Investor Verification Checklist
- Verify the total number of shares outstanding and the dilution impact of the 50,000 initial shares and future annual grants.
- Confirm the vesting schedule details for the annual share grants in the 2024 Equity Incentive Plan.
- Review the Company's most recent 10-K or 10-Q for current financial health, as this 8-K contains no financial metrics.
- Assess the strategic fit of Mr. Kearney's real estate and hospitality background with Nixxy, Inc.'s current business model.