NextBoat Inc. 8-K

What Happened

• NextBoat Inc. (NXB) filed an 8-K reporting the results of its annual meeting of stockholders held June 24, 2026. As of the record date (May 4, 2026) there were 24,355,000 shares outstanding; 17,799,178 shares were represented at the meeting (quorum).
• Stockholders elected all seven director nominees to one-year terms: Brian John; Jason Ruegg; Andrew Simmons; Mike Kosloske; Mary Reynolds; Jim Segrave; and George Jousma. Vote totals (For / Against / Abstain / Broker Non-Votes) included, for example, Brian John 16,925,626 / 0 / 140,201 / 733,351 and Jason Ruegg 16,957,475 / 0 / 108,352 / 733,351.
• Stockholders ratified M&K CPAS PLLC as NextBoat’s independent registered public accounting firm for the 2026 fiscal year (17,738,132 For, 35,516 Against, 25,530 Abstain).
• Stockholders approved the First Amended and Restated 2025 Equity Incentive Plan (16,286,014 For, 743,753 Against, 36,060 Abstain; 733,351 Broker Non-Votes).

Key Details

• Shares outstanding (record date): 24,355,000; shares represented at meeting: 17,799,178 (quorum).
• All seven director nominees elected; no votes recorded “Against” for any nominee in the tallies shown.
• Auditor ratified: M&K CPAS PLLC — 17,738,132 For, 35,516 Against, 25,530 Abstain.
• Equity plan approved: 16,286,014 For vs. 743,753 Against; 733,351 broker non-votes noted on director and equity plan matters.

Why It Matters

• Board continuity confirmed: investors can expect the current board slate to remain in place through the 2027 annual meeting, which affects governance and strategic oversight.
• Approval of the amended 2025 Equity Incentive Plan authorizes additional equity grants (potentially dilutive) that the company can use for employee and director compensation or recruiting.
• Ratification of the auditor maintains continuity in financial oversight and reporting for fiscal 2026.
• The presence of 733,351 broker non-votes on certain items indicates a portion of outstanding shares did not provide voting instructions on non-routine matters, which can affect passage thresholds for future proposals.