Posted 26 September, 2023

GAN Ltd appointed Seamus McGill as new CEO

Nasdaq:GAN appointed new Chief Executive Officer Seamus McGill in a 8-K filed on 26 September, 2023.

  Effective September 26, 2023, the Company has appointed Seamus McGill, its current Chairman of the Board, to Interim Chief Executive Officer.  

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Overview of GAN Ltd
Leisure/Arts/Hospitality • Gambling Industries
GAN Ltd. engages in the development and sale of internet gambling software-as-a-service solutions. It operates through the Business-to-Business (B2B) and Business-to-Consumer (B2C) segments. The B2B segment develops, markets, and sells instances of iSight Back Office and GameSTACK that incorporates comprehensive player registration, account funding and back-office accounting and management tools that enable the casino operators to extend their presence online in places that have permitted online real money gaming. The B2C segment includes the operations of Coolbet and develops and operates a B2C online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America, and Canada. The company was founded on December 13, 2019 and is headquartered in Irvine, CA.
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Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 25, 2023, GAN Limited (the "Company") accepted the resignation of Dermot Smurfit, as the Company's Chief Executive Officer and as a director of the Company and its operating subsidiaries. The Company and Mr. Smurfit are evaluating a consulting arrangement for Mr. Smurfit, who remains a substantial stockholder in the Company.

Effective September 26, 2023, the Company has appointed Seamus McGill, its current Chairman of the Board, to Interim Chief Executive Officer. Mr. McGill, age 72, has served on the Board of Directors of the Company since 2014. Mr. McGill has 25 years' experience in the gaming and technology industries and most recently was President of JOINGO, a mobile software company in San Jose, California from December 2013 to October 2015. Prior to JOINGO, Mr. McGill spent five years at Aristocrat Technologies Limited as Chief Operating Officer. Prior to Aristocrat, Mr. McGill was President of Cyberview Technology, Inc. and orchestrated its sale to International Game Technology plc. Mr. McGill held senior positions at WMS Gaming Inc. and oversaw the global growth of that company. He started his career in gaming with Mikohn Gaming Corporation.

In connection with the appointment, the Company and Mr. McGill have reached an agreement on base compensation, which will include:

- an annual base salary of $500,000; 

 - eligibility for cash bonus payments in amounts determined by the Board of Directors from time to time; and 

 - participation in the Company's employee stock option program, benefit plans, practices and programs that the Company makes available to it employees. 

Mr. McGill will also be entitled to other benefits which the parties plan to include in a formal written Executive Employment Agreement.