Common Stock, $0.001 par value
- Symbol
- NXB
- Exchange
- NYSEAMER
- Classification
- COMMON
- Status
- Current
Current Report · Items 5.02 · 8-K
NextBoat Inc.
NXBNYSE_AMERICANEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Director On July 17, 2026, Michael Kosloske notified the Board of Directors (the “Board”) of NextBoat Inc. (the “Company”) of his resignation as a member of the Board, effective as of 5:00 p.m. Eastern Time on July 17, 2026. Mr.…
Company context
We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012, we have grown into a go-to wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. We have been named one of the 500 fastest-growing companies in the United States by Inc. 500 for two consecutive years and are consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals. Today, NXB generates over $120 million in annual boat and yacht sales, operating across eight locations with a team of 100 sales representatives who transact on more than 400 vessels each year. Our success is built on a commitment to excellence, emphasizing the hiring of highly skilled professionals who embody integrity and a passion for the boating industry. By prioritizing relationship-building and ensuring client satisfaction, NXB believes that we have established ourselves as the go-to wholesaler in the industry.
Current securities
Recent company filings
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities · Regulation FD DisclosureOct 29, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet ArrangementOct 19, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory ArrangementsOct 9, 2026
- 3 filingOct 8, 2026
- Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureSep 29, 2026
Registered securities in this filing
NextBoat Inc. · 8-K · Filed 2026-07-23
Disclosure sections
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director
On July 17, 2026, Michael Kosloske notified the
Board of Directors (the “Board”) of NextBoat Inc. (the “Company”) of his resignation as a member of the Board,
effective as of 5:00 p.m. Eastern Time on July 17, 2026. Mr. Kosloske’s resignation was not the result of any disagreement with
the Company on any matter relating to the Company’s operations, policies, or practices.
Appointment of Director
On July 23, 2026, the Board, acting by unanimous
written consent, appointed Zebulon Z. Hadley, IV as a member of the Board, effective immediately, to fill the vacancy created by Mr. Kosloske’s
resignation. Mr. Hadley will serve until the next annual meeting of stockholders and until his successor is duly elected and qualified,
or until his earlier resignation or removal.
Mr. Hadley, age 44, has served as the President
and Chief Executive Officer of National Coatings, Inc., a nationwide painting and coatings company headquartered in Raleigh, North Carolina,
since June 2006. Prior to founding National Coatings, Mr. Hadley founded and operated Xstream Pressure Cleaning from 2003 to 2012. Mr.
Hadley attended North Carolina State University from 2001 to 2003, studying Agricultural Business Management. Mr. Hadley is also a recipient
of the 2023 Ernst & Young Southeast Entrepreneur of the Year award and the 2025 Triangle Business Journal CEO of the Year award. Mr.
Hadley is actively involved in community organizations, including service on the board of the American Cancer Society (North Carolina),
the General Hugh Shelton Leadership Center Advisory Board, the Greater Raleigh Chamber of Commerce Board of Advisors, and the Children’s
Flight of Hope.
There are no arrangements or understandings between
Mr. Hadley and any other persons pursuant to which he was selected as a director. There are no family relationships between Mr. Hadley
and any director or executive officer of the Company, and Mr. Hadley has no direct or indirect material interest in any transaction required
to be disclosed pursuant to Item 404(a) of Regulation S-K.
As of the date of this report, Mr. Hadley has
been appointed Chair of the Compensation Committee of the Board. The Board has not appointed Mr. Hadley to any other committees as of
the date of this report. The Company’s standard non-employee director compensation arrangements will apply to Mr. Hadley.