000-30653
|
20-8143439
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
☐ |
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))
|
Title of Each Class
|
Trading Symbol
|
Name of Exchange on Which Registered
|
Common Stock
|
GLXZ
|
OTCQB marketplace
|
Item 1.01 |
Entry into a Material Definitive Agreement
|
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|
Item 9.01 |
Financial Statements and Exhibits
|
Exhibit
|
Description
|
Amendment No. 3 to the Employment Agreement dated May 1, 2017, between the Company and Harry C. Hagerty.
|
GALAXY GAMING, INC.
|
||
By:
|
/s/ Harry C. Hagerty
|
|
Harry C. Hagerty
|
||
Chief Financial Officer
|
1. |
The Base Salary listed under the Compensation and Benefits section of Exhibit A to the Agreement shall be remain at the annual rate of $200,000.00.
|
2. |
The Employee shall be granted 200,000 Nonqualified options to purchase shares of common stock of the Company that will vest in the following installments 66,666 shares on October 22, 2020, 66,666 shares on
October 22, 2021, and 66,668 shares on April 30, 2022. The options shall have a strike price equal to the closing price of the Company’s common stock on the date this Amendment No. 3 is executed. The options shall be subject to the
terms of the standard form Galaxy Gaming, Inc. Nonqualified Stock Option Agreement and the Galaxy Gaming, Inc. 2014 Equity Incentive Plan.
|
3. |
Section l(a) of the Employment Agreement shall be modified to extend the end date of the term of employment of the Employee from April 30, 2020 to a new end date of April 30, 2022.
|
GALAXY GAMING, INC. |
|
HARRY C. HAGERTY |
|
|
|
|||
By: | /s/ Todd P. Cravens |
|
By: | /s/ Harry C. Hagerty |
Name:
|
Todd P. Cravens, CEO |
|
|