Newsmax Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
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Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 11, 2025, the Board of Directors (the “Board”) of Newsmax Inc. (the “Company”) appointed Paula J. Dobriansky as a member of the Board to fill an existing vacancy, effective immediately. The Board also appointed Ms. Dobriansky to the Audit Committee of the Board, effective immediately, to serve alongside the other member of the Audit Committee, Rene Alexander Acosta, who, as previously disclosed, was appointed to the Board upon the closing of the Company’s initial public offering.
The Board has determined that Ms. Dobriansky is “independent” pursuant to the rules of The New York Stock Exchange and other governing laws and applicable regulations. Ms. Dobriansky will receive compensation for her service as a non-employee member of the Board as set forth in the Company’s Director Compensation Policy.
In connection with her appointment as a non-employee director, Ms. Dobriansky will receive under the Company’s 2025 Omnibus Equity Incentive Plan (the “Plan”), a stock option award (the “Option Award”) to purchase a number of shares of the Company’s Class B Common Stock (“Class B Common Stock”) equal to One Hundred Seventy-Five Thousand Dollars ($175,000), divided by the Fair Market Value (as defined in the Plan) of a share of the Company’s Class B Common Stock on the date of grant. The exercise price of the Option Award shall be equal to the Fair Market Value of a share of the Company’s Class B Common Stock on the date of grant. The Option Award will vest in full on the twelve (12) month anniversary of the date of grant, subject to Ms. Dobriansky’s continued provision of services through such date. The Option Award will be subject to the terms and conditions of the Plan and the Newsmax Inc. Stock Option Grant Notice and Option Agreement pursuant to which the Option Award is granted.
There are no arrangements or understandings between Ms. Dobriansky and any other person pursuant to which she was selected as a director, and there are no transactions in which the Company is a party and in which Ms. Dobriansky has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
In connection with her appointment, Ms. Dobriansky executed the Company’s standard form of indemnification agreement for directors, a copy of which was filed as Exhibit 6.7 to the Company’s Offering Statement on Form 1-A filed with the SEC on February 7, 2025.
Item 7.01 - Regulation FD Disclosure
On June 11, 2025, the Company issued a press release announcing the appointment of Ms. Dobriansky as a member of the Board, as described in Item 5.02 above, as well as a guidance range for revenue for fiscal 2025. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01 disclosure, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 - Financial Statements and Exhibits
(d) The following exhibits are being filed herewith:
| Exhibit No. | Description | |
| 99.1 | Press Release dated June 11, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 11, 2025
| Newsmax Inc. | ||
| By: | /s/ Darryle Burnham | |
| Name: | Darryle Burnham | |
| Title: | Chief Financial Officer | |
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