---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-003432"
form_type: "8-K"
ticker: "NIXX"
cik: "0001462223"
company_name: "Nixxy, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:25:42.000070+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001683168-25-003432
- form_type: 8-K
- ticker: NIXX
- cik: 0001462223
- company_name: Nixxy, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462223/000168316825003432/0001683168-25-003432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462223/000168316825003432/nixxy_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-003432
- JSON: https://secwatch.observer/filing/0001683168-25-003432.json
- Plain text: https://secwatch.observer/filing/0001683168-25-003432.txt

## Key facts
- Executive change
  Mike Schmidt was appointed as Chief Executive Officer at Nixxy, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462223/000168316825003432/0001683168-25-003432-index.htm

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