---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-065098"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:16:18.846295+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming appoints Matt Reback as CEO; Todd Cravens exits with severance

## Summary
- Todd Cravens' employment terminated Nov 10, 2023; receives $325,000 salary continuation over 26 biweekly payments.
- Matt Reback appointed President and CEO effective Nov 13, 2023.
- Severance includes COBRA coverage for up to 12 months and $115,000 transition services payment.
- Cravens' vested option exercise period extended to May 31, 2024.
- Cravens subject to 12-month non-compete and non-solicitation covenants.

## SEC filing metadata
- accession: 0000950170-23-065098
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000095017023065098/0000950170-23-065098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000095017023065098/glxz_8-k_11_20_23.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-065098
- JSON: https://secwatch.observer/filing/0000950170-23-065098.json
- Plain text: https://secwatch.observer/filing/0000950170-23-065098.txt

## Key facts
- Executive change
  Todd Cravens departed as President and Chief Executive Officer at Galaxy Gaming, Inc..
  - Action: employment ended
  - Role: President and Chief Executive Officer
  source text: Effective November 10, 2023, Mr. Cravens’ employment with the Company ended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/13156/000095017023065098/0000950170-23-065098-index.htm
- Executive change
  Matt Reback was appointed as President and Chief Executive Officer at Galaxy Gaming, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On November 6, 2023, the Company announced the appointment of Mr. Matt Reback as President and Chief Executive Officer, effective November 13, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/13156/000095017023065098/0000950170-23-065098-index.htm

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