secwatch.observer — SEC 8-K summary
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Issuer:     Nixxy, Inc. (NIXX)
CIK:        0001462223
Form:       8-K
Filed at:   2025-04-14T23:59:59+00:00
Accession:  0001654954-25-004166
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Nixxy appoints Ashissh Raichura to board; grants 50K restricted shares and quarterly $7.5K cash
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- Ashissh Raichura appointed to Board of Directors effective April 8, 2025.
- Raichura is founder/CEO of Scanbo, with 30+ years in healthcare tech and telecom.
- Compensation: 50,000 restricted stock (initial), then 50,000 shares or options annually, plus $7,500 quarterly.
- No family relationships or material transactions between Raichura and Nixxy officers/directors.
- Company may provide additional compensation to Raichura in the future.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462223/000165495425004166/0001654954-25-004166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462223/000165495425004166/nixx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-004166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer