Nixxy appoints CEO Mike Schmidt to board of directors

Nixxy, Inc. (NASDAQ:NIXX) announced the appointment of Chief Executive Officer Mike Schmidt to its board of directors, effective Wednesday. The information was disclosed in a press release statement based on a recent SEC filing. The appointment comes at a challenging time for the company, which InvestingPro data shows has faced significant headwinds with its stock declining over 37% in the past six months. The company currently maintains a market capitalization of approximately $39 million.

According to the filing, Schmidt, age 55, has served as Nixxy’s CEO since May 7, 2025. His appointment to the board took place on July 23, 2025. Schmidt brings over 20 years of experience in the communications industry. Prior to joining Nixxy, he was Vice President of Business Development at Biologic Pharmamedical Research from January 2021 to May 2025. He previously served as President of Urban Communications Inc. (Urbanfibre) from May 2014 to August 2016, Vice President of Business Development at Teliphone Navigata Westel from December 2012 to April 2014, and CEO of Uniserve Communications from July 2009 to December 2012. Schmidt holds a B.A. from the University of Guelph.

The company stated there are no arrangements or understandings between Schmidt and any other parties regarding his appointment. The filing also noted that Schmidt has no family relationships with other officers or directors of Nixxy and that there are no transactions requiring disclosure under Item 404(a) of Regulation S-K that have not already been reported.

Nixxy, Inc. is incorporated in Nevada and trades its common stock and common stock purchase warrants on the NASDAQ Capital Market under the symbols NIXX and NIXXW, respectively.

This article is based on a press release statement and information contained in a Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Nixxy, Inc. reported an increase in unaudited gross revenue to approximately $5.2 million for May 2025, up from $1.4 million in April 2025. This growth is attributed to the company’s expansion of its voice infrastructure and the activation of new platforms. Additionally, Nixxy acquired assets from the Leadnova.ai platform, which are expected to enhance its AuralinkAI platform and support its AI-driven telecom strategy. In corporate developments, Nixxy named telecom veteran Mike Schmidt as its new CEO. Schmidt brings over two decades of industry experience, including leadership roles at Uniserve Communications and Urban Communications. Furthermore, Nixxy has been added to the Russell 3000E Index as part of the annual reconstitution of the Russell US Indexes. The company also appointed HTL International, LLC as its new independent registered public accounting firm for the fiscal year ending December 31, 2025. These recent developments highlight Nixxy’s strategic growth and operational changes.

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