Nixxy names Mike Schmidt CEO, reports prelim April revenue $1.4M, targeting $200M+ run rate

Nixxy, Inc.

Mike Schmidt appointed CEO effective May 7, 2025; Jennings continues as director and subsidiary president.
Employment agreement: 12-month term, $10k/month salary, 100,000 RSUs subject to board approval.
Preliminary April 2025 gross revenue $1.4M; as of May 5, $800k in May revenue already.
Targeting May revenue run rate >$3M and $200M+ annual run rate by year-end.
Commercial SMS traffic expected to start May 2025, adding new revenue streams.

item 1.01 item 5.02 item 7.01 item 9.01

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Appointed

Mike Schmidt

Chief Executive Officer

NIXX · Nixxy, Inc.

Effective: 2025-05-07
Filed: May 12, 2025, 7:59 PM ET

Effective as of May 7, 2025, Nixxy, Inc. (the “Company”) appointed Mike Schmidt as Chief Executive Officer of the Company pursuant to an employment agreement entered into on the same date.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Schmidt was appointed as Chief Executive Officer at Nixxy, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Effective as of May 7, 2025, Nixxy, Inc. (the “Company”) appointed Mike Schmidt as Chief Executive Officer of the Company pursuant to an employment agreement entered into on the same date.

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Nixxy, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-003432

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