---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-011874"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2022-06-21T23:59:59+00:00"
generated_at: "2026-06-25T00:17:03.800153+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming extends CEO Todd Cravens' contract to July 2024, adds EBITDA-based equity grants

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-011874
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2022-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000095017022011874/0000950170-22-011874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000095017022011874/glxz-20220615.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-011874
- JSON: https://secwatch.observer/filing/0000950170-22-011874.json
- Plain text: https://secwatch.observer/filing/0000950170-22-011874.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.