---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-044890"
form_type: "8-K"
ticker: "OTH"
cik: "0002067767"
company_name: "OFF THE HOOK YS INC."
filed_at: "2026-09-29T21:00:44+00:00"
generated_at: "2026-10-12T13:52:59.862733+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextBoat appoints Ross Tannenbaum CEO; Brian John resigns as CEO but remains director

## Summary
- Ross Tannenbaum became CEO on Sept 28, 2026, succeeding Brian S. John, who resigned as CEO but remains a NextBoat director.
- Tannenbaum's employment agreement sets initial base salary of $240,000, rising to $400,000 after the first year, with a four-year initial term.
- He received inducement options for 2,500,000 shares at $1.96: 1,000,000 time-vesting, 1,000,000 performance-based, and 500,000 tied to a $5.00 VWAP.
- Annual bonus starts at $100,000 if breakeven Adjusted EBITDA is achieved for FY2027, plus 2.5%-6% of Adjusted EBITDA above thresholds.
- Severance includes 12 months' base salary; a qualifying termination after a change in control pays 1.5x salary and target bonus.

## SEC filing metadata
- accession: 0001493152-26-044890
- form_type: 8-K
- ticker: OTH
- cik: 0002067767
- company_name: OFF THE HOOK YS INC.
- filed_at: 2026-09-29T21:00:44+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2067767/000149315226044890/0001493152-26-044890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2067767/000149315226044890/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-044890
- JSON: https://secwatch.observer/filing/0001493152-26-044890.json
- Plain text: https://secwatch.observer/filing/0001493152-26-044890.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.