secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000950170-23-060381
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000095017023060381/0000950170-23-060381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000095017023060381/glxz_8-k_11_7_23_v2.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-060381

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer