secwatch.observer — SEC 8-K summary
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Issuer:     Nixxy, Inc. (NIXX)
CIK:        0001462223
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001683168-25-003432
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462223/000168316825003432/0001683168-25-003432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462223/000168316825003432/nixxy_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-003432

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