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Posted 20 November, 2023

Galaxy Gaming, Inc. appointed Mr. Matt Reback as new CEO

OTC:GLXZ appointed new Chief Executive Officer Mr. Matt Reback in a 8-K filed on 20 November, 2023.


  On November 6, 2023, the Company announced the appointment of Mr. Matt Reback as President and Chief Executive Officer, effective November 13, 2023, and a brief transition with Mr. Todd Cravens, who was the President and Chief Executive Officer.  

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Overview of Galaxy Gaming, Inc.
Leisure/Arts/Hospitality • Gambling Industries
Galaxy Gaming, Inc. engages in the design, development, manufacturing, marketing, and acquisition of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. It operates under the Land-based Gaming and Online Gaming segments Its products include specialty games Blackjack side, Craps side, and Baccarat side bets, SpectrumVision, bonus jackpot system and MEGAshare. The company was founded by Robert B. Saucier in 1997 and is headquartered in Las Vegas, NV.
Market Cap
$39.6M
View Company Details
Galaxy Gaming, Inc. by TradingView
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 November 6, 2023, the Company announced the appointment of Mr. Matt Reback as President and Chief Executive Officer, effective November 13, 2023, and a brief transition with Mr. Todd Cravens, who was the President and Chief Executive Officer.


(b) Termination of Officer


Effective November 10, 2023, Mr. Cravens' employment with the Company ended. 


(e) Severance Agreement


In connection with the separation of Mr. Cravens' employment with the Company, the Company and Mr. Cravens executed a severance agreement on November 14, 2023. A copy of the agreement is attached. The severance agreement provides for salary continuation of $325,000 payable over 26 biweekly payments, as well as an extended ability to exercise certain vested options. The severance agreement contains additional terms related to COBRA benefits; the provision of certain Transition Services; Restrictive Covenants; and, other standard terms and conditions.