Nixxy, Inc. (NIXX): director Lillian Mbeki resigned

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Appointment of Director
On October 19, 2026, the Board of Directors (the
“Board”) of Nixxy, Inc. (the “Company”) appointed Robert Reda as a member of the Board effective immediately.
Mr. Reda has been appointed to serve as Chair of the Nominations Committee of the Board and as a member of the Audit Committee and the
Compensation Committee.
Family Relationships
Mr. Reda does not have a family relationship with
any of the current officers or directors of the Company.
Related Party Transactions
There are no related party transactions with regard
to Mr. Reda reportable under Item 404(a) of Regulation S-K.
Compensatory Arrangements
As compensation for his appointment as a member
of the Board, Mr. Reda was granted (a) 50,000 shares of common stock under the Company’s 2025 Equity Incentive Plan (the “Plan”);
and (b) for each year of service, beginning for and pro-rated for the current year, and for each year that Mr. Reda continues to be a
member of the Board, 50,000 shares of common stock that vest in four even quarterly payments; and (c) a monthly payment of $2,500.
Resignation of Director
On October 19, 2026, Lillian Mbeki resigned as a member
of the Board, effective immediately prior to the appointment of Robert Reda. Ms. Mbeki’s resignation was not the result of any disagreement
with the Company on any matter relating to the Company’s operations, policies or practices.
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