---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-008072"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T17:53:44.617886+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Director Johnston resigns, enters consulting deal with substantial equity incentives

## Summary
- Aaron Richard Johnston resigns from board effective Nov 1, 2022, to become a consultant.
- Consulting pays $12k/month cash, $36k sign-on bonus, plus 100k restricted shares (50k vest immediately, 50k Feb 1, 2023).
- Up to 650k RSUs: 50k board RSUs for FY2022 (revenue≥$21.875M, EBITDA≥$3.25M); 300k consulting RSUs for FY2023/24 (1.1x prior-year); 300k transaction RSUs if a doubling deal closes by Nov 1, 2023.
- Non-compete for 12 months after termination; continuing service triggers further vesting if terminated without cause.
- Board approved all equity grants under the 2022 Equity Incentive Plan.

## SEC filing metadata
- accession: 0001477932-22-008072
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793222008072/0001477932-22-008072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793222008072/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-008072
- JSON: https://secwatch.observer/filing/0001477932-22-008072.json
- Plain text: https://secwatch.observer/filing/0001477932-22-008072.txt

## Key facts
- Executive change
  Aaron Richard Johnston resigned as Director at Meridian Holdings Inc./NV.
  - Action: resigned
  - Role: Director
  source text: On October 27, 2022, Mr. Aaron Richard Johnston notified the Board of Directors of the Company,of his resignation as a member of the Board of Directors of the Company, effective upon the earlier of (1) November 1, 2022; and (2) the date his replacement is appointed as a member of the Board of Directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437925/000147793222008072/0001477932-22-008072-index.htm

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