Every 8-K that NextBoat Inc. (NXB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NXB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NXB filings page.
NextBoat Inc. (NXB) reported two senior leadership additions intended to support its next phase of growth. Zebulon Hadley has joined the Board of Directors as an independent director and will chair the Compensation Committee, while Todd Bates has been appointed Vice President of Finance & Insurance (F&I).
The disclosure is furnished under Regulation FD, meaning the associated press release is not treated as filed financial information. The release highlights Hadley’s experience scaling businesses and Bates’s record of growing F&I revenue in large marine retail operations as NextBoat expands within the U.S. boating market.
NextBoat Inc. (NXB) reported a corporate governance change with the resignation of director George Jousma. On August 26, 2026, Mr. Jousma notified the Board of his resignation from the Board of Directors and from his role on the Compensation Committee, effective immediately.
The company states that Mr. Jousma, a non-independent director, did not resign due to any disagreement regarding operations, policies, or practices. NextBoat expressed appreciation for his service and contributions.
NextBoat Inc. (NXB) entered into a Loan Agreement with Greentree Financial Group under which the lender will provide a $510,000 principal 10% Convertible Promissory Note, issued with a 10% original issuance discount, yielding approximately $459,000 in proceeds before a $10,000 legal fee allowance. The Note matures on August 14, 2028, bears 10% annual interest payable quarterly, and increases to 18% upon default.
The Note is convertible at the lender’s option into common stock at a $1.785 conversion price, reset every six months to the then-current closing bid if lower and subject to anti-dilution adjustments, with a 4.99% beneficial ownership cap that may be raised to 9.99% on notice. NextBoat also issued a Warrant to purchase up to 100,000 shares at $1.785 per share for three years, with cashless exercise until the shares are registered and “down round” anti-dilution protection, plus 20,000 restricted shares as commitment shares.
The company may prepay the Note without penalty on 15 days’ notice, and has agreed, upon the lender’s request, to use proceeds from any $5,000,000 or larger Qualified Financing to repay the Note. NextBoat also agreed not to issue variable-rate securities for 12 months and granted piggyback registration rights for Warrant shares.
NextBoat Inc. reported fiscal second quarter 2026 revenue of $59.1 million, an 88.4% year-over-year increase, driven by contributions from the Apex Marine and Bellhart acquisitions, higher floor plan capacity supporting inventory utilization, and continued expansion of its Off The Hook and Autograph Yacht Group broker networks.
Gross profit rose to $9.5 million, up 100.1%, with gross margin improving to 16.1% from 15.2% as higher-margin service, brokerage, and finance revenue grew. However, operating expenses more than doubled, led by higher salaries and wages, public-company compensation alignment, share-based compensation of $1.7 million, and added costs from acquired businesses.
Net results shifted to a net loss of $2.1 million versus net income of $0.6 million a year earlier, while Adjusted EBITDA was roughly flat at $0.8 million. For the first half of 2026, the company recorded a net loss of $5.5 million and slightly negative Adjusted EBITDA. Management reaffirmed full-year 2026 revenue guidance of $165–$170 million.
NextBoat Inc. reports that it will announce its second quarter 2026 financial and operating results on Thursday, August 13, 2026, after the market close. A live earnings conference call is scheduled for 4:30 p.m. Eastern time, with domestic participants dialing (833) 461-5787 and international participants dialing (585) 542-9983, using conference passcode 366 467 666. The call will be webcast via the Investor Relations section of the company’s website with an online replay available for a limited time.
NextBoat describes itself as a vertically integrated, technology-driven marine marketplace operating across brokerage, wholesale acquisition, auctions, financing, and marine services within the $57 billion U.S. marine industry. The press release is furnished under Regulation FD and is stated not to be deemed filed under Section 18 of the Exchange Act or incorporated into Securities Act filings unless specifically referenced.
NextBoat Inc. changed its corporate name from “Off The Hook YS Inc.” to “NextBoat Inc.” after filing a Certificate of Amendment in Nevada that became effective on May 28, 2026.
The company’s common stock now trades on NYSE American under the new ticker symbol “NXB”, replacing “OTH”, with no change to shareholder ownership or account positions and no stockholder vote required for the name-only amendment. Off The Hook Yachts will continue operating as a core division within NextBoat.
NextBoat is described as a vertically integrated, AI-powered marine marketplace focused on modernizing the fragmented pre-owned boat market through software, automation, data, financing, logistics, auctions, and related services across the U.S. marine industry.
NextBoat Inc. reported a change in its board of directors. Michael Kosloske resigned as a director effective 5:00 p.m. Eastern Time on July 17, 2026, and his resignation was stated not to result from any disagreement regarding operations, policies, or practices.
On July 23, 2026, the board, acting by unanimous written consent, appointed Zebulon Z. Hadley, IV, age 44, to fill the resulting vacancy, serving until the next annual meeting and until a successor is elected and qualified. Hadley is President and Chief Executive Officer of National Coatings, Inc. and has prior entrepreneurial experience and community board service. He has been named Chair of the Compensation Committee, has no disclosed related-party interests or family relationships with company insiders, and will receive the standard non-employee director compensation.
NextBoat Inc. provided a business update highlighting record second-quarter 2026 performance. The company reported record transaction closings and quarterly sales, driven in part by a new landmark partnership under which MarineMax became its preferred wholesale partner for pre-owned boats and yachts and Newcoast became a preferred finance and insurance partner.
Based on preliminary results, management stated it expects to be at or near profitability for the second quarter after a first-quarter loss tied to public-company transition costs. Preliminary internal data indicate transaction volume grew approximately 120% year-over-year, the transaction closing team was tripled, and the overall organization grew about 42% year-over-year. NextBoat also highlighted progress at acquired businesses, including APEX achieving profitability and Bellhart reducing legacy inventory, and emphasized continued investment in proprietary automation, a new Broker Hiring Portal and a centralized Business Development Center. Detailed second-quarter results are expected on August 14, 2026.
NextBoat Inc. entered a five-year Strategic Partnership and Revenue Sharing Agreement with MarineMax, Inc. to collaborate on pre-owned vessel transactions, financing, insurance and related services using the NextBoat AI platform. MarineMax will route a significant share of its trade-in and pre-owned inventory through the platform to NextBoat’s nationwide wholesale buyer network.
As additional consideration, NextBoat agreed to issue MarineMax warrants to purchase up to 1,250,000 shares of common stock at exercise prices ranging from $3.25 to $7.00 per share, subject to vesting terms. The agreement can be terminated by either party with 90 days’ written notice. MarineMax, which generates over $2.3 billion in annual revenue across 120 locations, is expected to drive higher transaction volume and potential recurring financing and insurance revenue on the platform.
NextBoat Inc. filed an amended report to add detailed financial statements and pro forma information for its acquisition of Apex Marine LLC and related entities. Apex generated $29.9 million in 2025 net revenue but recorded a net loss of $2.33 million and negative operating cash flow, leading the auditor to highlight substantial doubt about Apex’s ability to continue as a going concern.
At December 31, 2025, Apex reported total assets of $19.5 million and total liabilities of $14.7 million, including significant floor plan financing. For the three months ended March 31, 2026, Apex’s net revenues were $6.40 million with a net loss of $0.90 million, and total assets increased to $20.7 million.
NextBoat Inc. reported that its Autograph Yacht Group division completed the sale of a 2009 Abeking & Rasmussen 60-meter superyacht, last asking $45,000,000, described as the largest brokerage transaction in the Company’s history. Fewer than 20 superyachts of similar scale sell worldwide each year, placing this deal in a rare tier of the market.
Management highlights the transaction as evidence that Autograph Yacht Group now competes at the top end of the global luxury brokerage market and is expanding the caliber of clients it serves, including ultra-high-net-worth buyers and sellers. The Company links this milestone to its strategy of recruiting world-class brokers to increase revenue per transaction and broaden its addressable market upward.
NextBoat Inc. entered into a Master Loan Agreement providing inventory financing and received an initial $2.0 million loan to fund pre-owned boat purchases. The loans carry 15.0% simple annual interest and typically mature within 180 days, or on sale of the financed boat.
The Borrowers can extend a loan once for 90 days with a 2% extension premium, plus a 1% origination fee and a 5% profit participation on gross profit from each boat sale. The obligations are full-recourse and unsecured, with NextBoat and its subsidiary jointly and severally liable.
President and controlling shareholder Jason Ruegg, together with Ruegg Capital Group, provided a personal guaranty and pledged Company shares with at least $5.0 million collateral value, making this a related-party transaction, which he entered into without receiving consideration.
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.
NextBoat Inc. filed a current report describing early integration results following its May 1, 2026 acquisition of Apex Marine Companies. Within the first 60 days, the company integrated all APEX boat inventory into the NextBoat platform and shifted most pre-owned inventory to its Miami location to centralize operations and improve inventory visibility.
The APEX sales team has sold 15 vessels across multiple categories since the acquisition, with additional June transactions completed or pending. NextBoat is expanding service yard space, expected to be finished by the end of June, and has closed its Haulover location after identifying about $90,000 in monthly SG&A cost reductions from consolidation and other efficiencies. Management frames these steps as positioning the business for improved profitability and scalable growth through 2026.
NextBoat Inc. filed a current report highlighting strong second-quarter growth at its Autograph yacht brokerage division. Autograph facilitated 31 yacht transactions in the quarter, up from 22 in the first quarter, a 41% increase in deal activity.
Gross sales volume rose by approximately $43 million, and Autograph trade activity reached $23.3 million, driving total second-quarter transaction volume to nearly double the approximately $35 million recorded in the first quarter. Since launching in September 2025, Autograph has handled about $132 million in brokerage and trade transactions, exceeding its original first-year $100 million target by more than 30%.
The division’s brokerage listing inventory has expanded from roughly $100 million in listings to about $190 million. NextBoat is also investing in growth, opening an office in Coconut Grove, Miami, and adding five new brokers while engaging additional top-producing brokers.