Nixxy appoints Robert Reda to board as Lillian Mbeki resigns

Nixxy, Inc., a company listed on the NASDAQ under the ticker symbol NIXX, has recently made a significant move in its board of directors. Robert Reda has been appointed to the board, taking on the role of chairperson for the nominations committee, and also joining the audit and compensation committees. This appointment came shortly after the immediate resignation of Lillian Mbeki from the board, with no indication of any conflict between the two regarding the company's operations, policies, or practices.

Reda's compensation package includes 50,000 shares of Nixxy's common stock under their 2025 Equity Incentive Plan. This grant is designed to be distributed quarterly throughout his tenure on the board, with each installment becoming payable in equal parts over the four quarters. In addition to his stock grant, Reda will receive a monthly payment of $2,500 as part of his compensation.

It's noteworthy that Reda has no familial ties to any current officers or directors of Nixxy, and no reportable related party transactions are associated with him under Item 404(a) of Regulation S-K, as outlined in the company's most recent SEC filing.