Bo Dallas lost to Adrian Neville in the WWE 2014 NXT Arrival event on Thursday night.
Dallas lost in the ladder match that was the last fight of the evening.
He surrendered his NXT Championship title because of his loss.
The two other title winners–Paige and The Ascension–held on to their titles.
Paige beat Emma by forcing her to tap out and The Ascension bested Too Cool after they landed The Fall of Man on Scotty 2 Hotty.