NextBoat (NYSE: NXB) stockholders back directors, auditor and equity plan
Rhea-AI Filing Summary
NextBoat Inc. reported the results of its annual meeting of stockholders held on June 24, 2026. As of the May 4, 2026 record date, 24,355,000 shares of common stock were outstanding and entitled to vote, and 17,799,178 shares were represented, constituting a quorum.
Stockholders elected seven directors to one-year terms ending at the 2027 annual meeting. Each nominee received over 16.9 million votes in favor, with no votes against and modest abstentions plus broker non-votes.
Stockholders also ratified M&K CPAS PLLC as independent registered public accounting firm for the year ending December 31, 2026, with 17,738,132 votes for, 35,516 against and 25,530 abstentions. In addition, they approved the First Amended and Restated 2025 Equity Incentive Plan, which received 16,286,014 votes for, 743,753 against, 36,060 abstentions and 733,351 broker non-votes.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares entitled to vote: 24,355,000 shares
Shares represented: 17,799,178 shares
Votes for auditor ratification: 17,738,132 votes
+4 more
7 metrics
Shares entitled to vote
24,355,000 shares
Common stock outstanding as of May 4, 2026 record date
Shares represented
17,799,178 shares
Shares present virtually or by proxy at June 24, 2026 meeting
Votes for auditor ratification
17,738,132 votes
Ratification of M&K CPAS PLLC for fiscal year 2026
Votes for equity plan
16,286,014 votes
Approval of First Amended and Restated 2025 Equity Incentive Plan
Votes against equity plan
743,753 votes
Opposition to the amended 2025 Equity Incentive Plan
Director votes for Brian John
16,925,626 votes
Votes in favor of Brian John as director, Proposal 1
Broker non-votes on Proposal 3
733,351 votes
Broker non-votes on the equity incentive plan proposal
Key Terms
Broker Non-Votes, Emerging growth company, independent registered public accounting firm, First Amended and Restated 2025 Equity Incentive Plan, +1 more
5 terms
Broker Non-Votes financial
"Broker Non-Votes | --------------------------------------------------------------- | 16,286,014 |"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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.
independent registered public accounting firm regulatory
"the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026."
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
First Amended and Restated 2025 Equity Incentive Plan financial
"Approval of First Amended and Restated 2025 Equity Incentive Plan."
annual meeting of stockholders financial
"held its annual meeting of stockholders (the “Annual Meeting”)."
FAQ
What did NextBoat Inc. (NXB) stockholders vote on at the June 24, 2026 annual meeting?
Stockholders elected seven directors, ratified M&K CPAS PLLC as independent auditor for 2026, and approved the First Amended and Restated 2025 Equity Incentive Plan. All three proposals received strong support based on the reported vote totals.
Were NextBoat Inc. (NXB) director nominees elected at the 2026 annual meeting?
Yes. Seven director nominees, including Brian John and six others, were elected to one-year terms ending at the 2027 annual meeting. Each nominee received more than 16.9 million votes for, with zero votes against and only limited abstentions plus broker non-votes.
Did NextBoat (NXB) stockholders approve the amended 2025 Equity Incentive Plan?
Yes. The First Amended and Restated 2025 Equity Incentive Plan was approved with 16,286,014 votes for, 743,753 against, 36,060 abstentions and 733,351 broker non-votes. The plan includes amendments described in the company’s definitive proxy statement for the annual meeting.
Which audit firm did NextBoat Inc. (NXB) stockholders ratify for fiscal year 2026?
Stockholders ratified M&K CPAS PLLC as NextBoat’s independent registered public accounting firm for the year ending December 31, 2026. The ratification received 17,738,132 votes for, 35,516 against and 25,530 abstentions, with no broker non-votes reported on this proposal.
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