On October 19, 2026, the Board of Directors appointed Robert Reda as a director, effective immediately. Mr. Reda will serve as Chair of the Nominations Committee and as a member of the Audit and Compensation Committees. In connection with his appointment, he received an initial grant of 50,000 shares of common stock under the Company’s 2025 Equity Incentive Plan, along with annual grants of 50,000 shares vesting quarterly and a monthly cash retainer of $2,500. Simultaneously, Lillian Mbeki resigned from the Board for the same effective date. Her resignation was not due to any disagreement regarding operations or policies. Nixxy operates in the technology sector.
