---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-003781"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:47:23.161181+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Golden Matrix restructures $7M deferred consideration via stock & convertible note; raises exec pay

## Summary
- Restructured $7M deferred consideration: $4M into 1,333,333 shares at $3.00/share; $3M convertible note due Dec 2025.
- Convertible note: 15% discount to 30-day VWAP or $3.00 (floor $2.00); $2M callable before Jan 1, 2025; 12% default interest.
- Milovanović stake increases to ~58.9% after share issuance; note could add up to 1.5M more shares if converted.
- CEO salary raised to $396K; COO to $216K; Meridian CEO Milosevic $396K + quarterly stock option; 18-month severance.
- Non-executive board monthly comp increased from $5K to $7.5K, effective June 1, 2024.

## SEC filing metadata
- accession: 0001477932-24-003781
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793224003781/0001477932-24-003781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793224003781/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-003781
- JSON: https://secwatch.observer/filing/0001477932-24-003781.json
- Plain text: https://secwatch.observer/filing/0001477932-24-003781.txt

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