Nixxy CEO resigns, David Kratochvil appointed; Nasdaq bid-price compliance regained

Nixxy, Inc.

Mike Schmidt resigned as CEO and director effective July 2, 2026; no disagreement with company.
Board appointed David Kratochvil as CEO; he has over 30 years of Wall Street experience.
Kratochvil employment: $180k base salary, 100k stock units vesting over 12 months.
Nasdaq notified company regained compliance with minimum bid price requirement on July 2, 2026.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Mike Schmidt

Chief Executive Officer

NIXX · Nixxy, Inc.

Effective: 2026-07-02
Successor: David Kratochvil
Filed: July 9, 2026, 9:25 AM ET

On July 2, 2026, Mike Schmidt notified Nixxy, Inc. (the "Company") of his decision to resign as Chief Executive Officer of the Company and as a member of the Company's Board of Directors (the "Board"), effective immediately.

Appointed

David Kratochvil

Chief Executive Officer

NIXX · Nixxy, Inc.

Effective: 2026-07-02
Filed: July 9, 2026, 9:25 AM ET

On July 2, 2026, the Board appointed David Kratochvil, age 60, who currently serves as a member of the Board, as the Company's Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Schmidt resigned as Chief Executive Officer at Nixxy, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On July 2, 2026, Mike Schmidt notified Nixxy, Inc. (the "Company") of his decision to resign as Chief Executive Officer of the Company and as a member of the Company's Board of Directors (the "Board"), effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Kratochvil was appointed as Chief Executive Officer at Nixxy, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On July 2, 2026, the Board appointed David Kratochvil, age 60, who currently serves as a member of the Board, as the Company's Chief Executive Officer.

View on SEC.gov

Nixxy, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-005377

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