06/25/2026 | Press release | Distributed by Public on 06/25/2026 15:01
Item 5.07. Submission of Matters to a Vote of Security Holders.
On June 24, 2026, NextBoat Inc., a Nevada corporation (the "Company"), held its annual meeting of stockholders (the "Annual Meeting"). As of the record date of May 4, 2026, there were 24,355,000 shares of common stock outstanding and entitled to vote. At the Annual Meeting, 17,799,178 shares of common stock were represented virtually or by proxy, constituting a quorum. The results of the matters voted upon at the Annual Meeting are set forth below.
Proposal 1 - Election of Directors. The stockholders elected the seven director nominees named below to serve for one-year terms expiring at the Company's 2027 annual meeting of stockholders and until their successors are duly elected and qualified, or until their earlier death, resignation or removal. The results of the vote were as follows:
| Director | For | Against | Abstain | Broker Non-Votes | ||||||||
| Brian John | 16,925,626 | 0 | 140,201 | 733,351 | ||||||||
| Jason Ruegg | 16,957,475 | 0 | 108,352 | 733,351 | ||||||||
| Andrew Simmons | 16,925,726 | 0 | 140,101 | 733,351 | ||||||||
| Mike Kosloske | 16,960,126 | 0 | 105,701 | 733,351 | ||||||||
| Mary Reynolds | 16,956,916 | 0 | 108,911 | 733,351 | ||||||||
| Jim Segrave | 16,956,826 | 0 | 109,001 | 733,351 | ||||||||
| George Jousma | 16,946,394 | 0 | 119,433 | 733,351 |
Proposal 2 - Ratification of M&K. The stockholders ratified the appointment of M&K CPAS PLLC ("M&K") as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The results of the vote were as follows:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 17,738,132 | 35,516 | 25,530 | 0 | |||||||||||
Proposal 3 - Approval of First Amended and Restated 2025 Equity Incentive Plan. The stockholders approved the Company's First Amended and Restated 2025 Equity Incentive Plan, including the amendments described in the Company's definitive proxy statement for the Annual Meeting. The results of the vote were as follows:
| For | Against | Abstain | Broker Non-Votes | |||||||||||
| 16,286,014 | 743,753 | 36,060 | 733,351 | |||||||||||