Galaxy Gaming appoints Matt Reback as CEO; Q3 revenue estimated at $6.1M

Galaxy Gaming, Inc.

Matt Reback appointed President and CEO effective Nov 13, 2023, succeeding Todd Cravens.
Employment agreement: $350k base salary, 400,000 option grant vesting over 4 years.
Preliminary Q3 2023 revenue $6.1M, Adjusted EBITDA $1.5M; nine-month revenue $21.1M, Adj EBITDA $7.8M.
Q4 2023 guidance: revenue $7.0-$7.5M, Adjusted EBITDA $2.8-$3.2M.
At Sep 30, 2023: debt $58.7M, cash $15.9M; company in compliance with credit covenants.

item 1.01 item 5.02 item 8.01 item 9.01

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Appointed

Matt Reback

President and Chief Executive Officer

GLXZ · Galaxy Gaming, Inc.

Effective: 2023-11-13
Filed: November 7, 2023, 6:59 PM ET

On November 6, 2023, the Company and Matt Reback, the Company’s President and Chief Executive Officer, effective November 13, 2023, entered into an Employment Agreement

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matt Reback was appointed as President and Chief Executive Officer at Galaxy Gaming, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On November 6, 2023, the Company and Matt Reback, the Company’s President and Chief Executive Officer, effective November 13, 2023, entered into an Employment Agreement

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Galaxy Gaming, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-060381

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