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NextBoat Inc. says its CEO Brian S. John is leaving, and Ross Tannenbaum will take over.

New bossRead the original at SEC EDGAR
Neutral

NextBoat's new CEO has experience leading a sports products company and working in marine businesses. His contract includes rising pay and options for up to 2,000,000 shares, but no results under him are reported, so the company's outlook is unchanged.

NXB · NextBoat Inc.

AI read · Neutral

The AI's read

His past work includes leading a sports merchandise company and running marine businesses, which fits parts of NextBoat's business. But the filing gives no evidence that he has improved NextBoat's results. The agreement adds rising pay and options for up to 2,000,000 shares. Deals with his other businesses need review by independent directors, and none above $120,000 are current or proposed. The possible benefit and added costs leave the company's outlook unchanged.

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