other material
confidence high
sentiment neutral
materiality 0.45
Galaxy Gaming extends CEO Todd Cravens' contract to July 2024, adds EBITDA-based equity grants
Galaxy Gaming, Inc.
- Employment term extended from July 27, 2022 to July 26, 2024.
- Annual salary increased to $300,000, effective August 1, 2022.
- Eligible for up to 20k shares per year if 80% EBITDA target met; additional up to 20k at 100%, 30k at 110%, 40k at 115%.
- Shares vest one year from grant; forfeited if leave before vesting.
- Change of control triggers immediate grant of 20k shares for each year not yet granted.