---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-025120"
form_type: "8-K"
ticker: "SEGG"
cik: "0001673481"
company_name: "Sports Entertainment Gaming Global Corp"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:38:42.951936+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lottery.com terminates CEO, appoints interim CEO, new CFO and two directors

## Summary
- Terminated CEO Mark Gustavson effective July 20, 2023; replaced by Chairman Matthew McGahan as interim CEO.
- Appointed Robert J. Stubblefield as CFO effective July 14, 2023; prior CFO roles at Demeta, Regnum, Wookey.
- Appointed Paul S. Jordan and Tamer T. Hassan as independent directors effective July 20, 2023; both join Audit Committee.
- Compensation for new CEO and CFO not yet determined; will be disclosed in future 8-K.

## SEC filing metadata
- accession: 0001493152-23-025120
- form_type: 8-K
- ticker: SEGG
- cik: 0001673481
- company_name: Sports Entertainment Gaming Global Corp
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/0001493152-23-025120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-025120
- JSON: https://secwatch.observer/filing/0001493152-23-025120.json
- Plain text: https://secwatch.observer/filing/0001493152-23-025120.txt

## Key facts
- Executive change
  Robert J. Stubblefield was appointed as Chief Financial Officer at Sports Entertainment Gaming Global Corp.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On July 14, 2023, the board of directors (the “Board of Directors”) of Lottery.com, Inc. (the “Company”) appointed Robert J. Stubblefield as Chief Financial Officer of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/0001493152-23-025120-index.htm
- Executive change
  Paul S. Jordan was appointed as Independent Director at Sports Entertainment Gaming Global Corp.
  - Action: appointed
  - Role: Independent Director
  source text: appointed Paul S. Jordan and Tamer T. Hassan as independent members of the Board of Directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/0001493152-23-025120-index.htm
- Executive change
  Tamer T. Hassan was appointed as Independent Director at Sports Entertainment Gaming Global Corp.
  - Action: appointed
  - Role: Independent Director
  source text: appointed Paul S. Jordan and Tamer T. Hassan as independent members of the Board of Directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/0001493152-23-025120-index.htm
- Executive change
  Matthew McGahan was appointed as interim Chief Executive Officer at Sports Entertainment Gaming Global Corp.
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: and appointed Matthew McGahan, the Chairman of the Board of Directors, to serve as interim Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/0001493152-23-025120-index.htm
- Executive change
  Mark Gustavson was terminated as Chief Executive Officer at Sports Entertainment Gaming Global Corp.
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On July 20, 2023, the Board of Directors terminated Mark Gustavson from his role as Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1673481/000149315223025120/0001493152-23-025120-index.htm

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