UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction of Incorporation)
|
|
|
|
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
(Address of Principal Executive Offices) |
|
(Zip Code) |
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each Class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
|
|
|
|
|
OTCQB marketplace |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01Entry into a Material Definitive Agreement.
On March 10, 2022, the Board of Directors ("Board") of Galaxy Gaming, Inc., a Delaware corporation (the "Company"), announced that it has reviewed and approved the following change to its compensation arrangements with non-employee directors for the fiscal year 2022.
Cash compensation shall remain unchanged for 2022 at $7,500 for the Board Chair and $3,500 for Board Members. The Board approved a reduction in Board equity compensation for 2022 as noted in the table below.
Current Revised
Board Chair 25,000 16,500
Board Members (except Mrs. Kondra) 10,000 6,500
Mrs. Kondra 10,000 10,000
Item 9.01.Exhibits.
d) Exhibits
|
Exhibit Number |
|
Description of Exhibit |
|
|
|
|
|
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: March 11, 2022
|
|
GALAXY GAMING, INC. |
|
|
|
|
|
|
|
By: |
/s/ Harry C. Hagerty |
|
|
|
Harry C. Hagerty |
|
|
|
Chief Financial Officer |