Nixxy, Inc.: Appoints director Robert Reda; Lillian Mbeki resigns

What happened The company reported that on Oct 19, 2026 the board appointed Robert Reda as a member of the board, effective immediately. The company reported that Mr. Reda was appointed chair of the nominations committee and as a member of the audit committee and the compensation committee. The company reported that on Oct 19, 2026 Lillian Mbeki resigned as a member of the board, effective immediately prior to the appointment of Robert Reda, and that her resignation was not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices.

Key details

• Mr. Reda was granted 50,000 shares of common stock under the company’s 2025 Equity Incentive Plan.
• For each year of service, beginning pro-rated for the current year and for each year he remains on the board, Mr. Reda will receive 50,000 shares of common stock that vest in four even quarterly payments.
• Mr. Reda will receive a monthly payment of $2,500.
• The filing states there are no related party transactions reportable under Item 404(a) of Regulation S-K with regard to Mr. Reda.

Why it may matter This 8-K reports Item 5.02: departure and appointment of directors and compensatory arrangements of certain officers, which covers director resignations, director appointments and related compensation. The filing does not show why the insider traded or why the company acted.