Nixxy, Inc. 8-K

What Happened
Nixxy, Inc. (NIXX) filed an 8-K on Dec 30, 2025 reporting the results of its Annual Meeting held on December 23, 2025 (record date Dec 23, 2025). There were 24,875,575 shares of common stock outstanding and 13,745,113 shares were represented at the meeting, constituting a quorum. Stockholders elected six directors — Elsa Sung, Miles Jennings, Assish Raichura, Mike Schmidt, Lillian Mbeki and David Kratochvil — ratified HTL International, LLC as the company’s independent registered public accounting firm for fiscal 2025, and approved the Company’s 2025 Equity Incentive Plan.

Key Details

• Shares outstanding (Record Date): 24,875,575; Shares represented/voted: 13,745,113.
• Director election vote totals:
  • Elsa Sung: For 13,695,430 | Against 27,951 | Abstain 21,732
  • Miles Jennings: For 1,554,463 | Against 12,168,930 | Abstain 21,720
  • Assish Raichura: For 13,696,234 | Against 27,146 | Abstain 21,733
  • Mike Schmidt: For 13,698,499 | Against 24,881 | Abstain 21,733
  • Lillian Mbeki: For 13,193,163 | Against 530,218 | Abstain 21,732
  • David Kratochvil: For 13,696,321 | Against 27,059 | Abstain 21,733
• Auditor ratification (Proposal 2): For 13,721,164 | Against 21,554 | Abstain 2,395.
• 2025 Equity Incentive Plan (Proposal 3): For 10,484,361 | Against 3,238,263 | Abstain 22,489.

Why It Matters
Board election results determine who will set company strategy and oversee management. Ratifying the independent auditor confirms the firm that will handle the company's audits for fiscal 2025. Approval of the 2025 Equity Incentive Plan authorizes stock-based compensation that can affect executive pay and potential future dilution for shareholders. Investors should note the voting margins (for example, a large number of votes against Miles Jennings and notable opposition to the equity plan) as indications of shareholder sentiment reflected in the official vote tallies.