---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-287183"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T21:30:15.995559+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming amends CEO Reback's contract for accelerated vesting of 70,000 shares and $175K bonus

## Summary
- Accelerated vesting of 70,000 performance-based shares on Dec 30, 2024, subject to continued employment through that date.
- Accelerated bonus payment of $175,000 under 2024 MIP, paid before Dec 31, 2024, subject to continued employment.
- Shares subject to transfer restrictions until Mar 15, 2025 or certain termination events; repayment required if resignation or termination for cause before Mar 15.
- Bonus repayment required if final MIP bonus is less than $175K; any excess paid if greater.
- Amendment adds Section 280G best pay provision for excise tax on potential parachute payments.

## SEC filing metadata
- accession: 0001193125-24-287183
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000119312524287183/0001193125-24-287183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000119312524287183/d922866d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-287183
- JSON: https://secwatch.observer/filing/0001193125-24-287183.json
- Plain text: https://secwatch.observer/filing/0001193125-24-287183.txt

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