[8-K] Nixxy, Inc. Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Nixxy, Inc. appointed Simon Kearney to its Board of Directors on June 29, 2026. Kearney is a 60-year-old senior business owner-operator with decades of leadership experience in hospitality, commercial real estate, asset management and strategic growth roles at Kilkenny LLC, Killane LLC and Kilnock, Inc.
As compensation, he received a grant of 50,000 initial common shares under the 2024 Equity Incentive Plan, plus 50,000 common shares per year of board service vesting in four equal quarterly installments, and a monthly cash payment of $2,500. The company states there are no appointment arrangements, family relationships, or related-party transactions requiring disclosure.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Initial equity grant: 50,000 shares
Annual equity compensation: 50,000 shares per year
Cash board fee: $2,500 per month
+2 more
5 metrics
Initial equity grant
50,000 shares
Common stock under 2024 Equity Incentive Plan at appointment
Annual equity compensation
50,000 shares per year
Common stock for each year of board service, vesting quarterly
Cash board fee
$2,500 per month
Ongoing monthly payment for board service
Director age
60 years
Age of new director Simon Kearney
Service start date
June 29, 2026
Date Kearney became a board member
Key Terms
2024 Equity Incentive Plan, Item 5.02, Regulation S-K Item 404(a), Emerging growth company
4 terms
2024 Equity Incentive Plan financial
"50,000 shares of common stock under the Company’s 2024 Equity Incentive Plan (the “Plan”)"
Item 5.02 regulatory
"Item 5.02. Departure of Directors or Certain Officers; Election of Directors"
Regulation S-K Item 404(a) regulatory
"material interest subject to disclosure under Item 404(a) of Regulation S-K"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
