Galaxy Gaming, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>Galaxy Gaming, Inc. will hold its virtual Annual Meeting of Stockholders on May 29, 2024, to elect a director and ratify its auditor.</b>

AI Summary

Galaxy Gaming, Inc. (GLXZ) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. Galaxy Gaming, Inc. will hold its virtual Annual Meeting of Stockholders on May 29, 2024, at 9:00 a.m. Pacific Daylight Time. The meeting will focus on electing one member to the Board of Directors for a three-year term, with Mark Lipparelli as the sole nominee. Stockholders will vote to ratify the appointment of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024. The virtual format is intended to increase stockholder accessibility, improve meeting efficiency, and reduce costs. Stockholders can listen, vote, and submit questions remotely with internet connectivity.

Why It Matters

For investors and stakeholders tracking Galaxy Gaming, Inc., this filing contains several important signals. The virtual meeting format aims to enhance stockholder participation and reduce operational costs associated with a physical gathering. The ratification of Moss Adams LLP as auditor is a standard procedural step crucial for financial transparency and compliance.

Risk Assessment

Risk Level: — Galaxy Gaming, Inc. shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Stockholders should review the proxy materials to make informed voting decisions on director elections and auditor ratification.

Key Numbers

• 1 — Director Nominee (Number of director nominees)
• 3 — Director Term (Years for the director's term)
• 2027 — Director Term Expiration (Year the director's term expires)

Key Players & Entities

• Galaxy Gaming, Inc. (company) — Registrant
• May 29, 2024 (date) — Annual Meeting date
• Mark Lipparelli (person) — Nominee for Board of Directors
• Moss Adams LLP (company) — Independent registered public accounting firm
• December 31, 2024 (date) — Fiscal year end for auditor

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC regulations regarding proxy solicitations and annual meetings.
• Virtual Meeting Execution [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all stockholders is critical.

Industry Context

Galaxy Gaming operates in the amusement and recreation services industry, specifically focusing on gaming products and services.

Regulatory Implications

The filing adheres to the Securities Exchange Act of 1934, specifically Rule 14a-101 concerning proxy statements.

What Investors Should Do

1. Review the proxy statement for details on director nominee Mark Lipparelli.
2. Confirm the ratification of Moss Adams LLP as the independent auditor for FY2024.
3. Ensure participation in the virtual Annual Meeting on May 29, 2024, to cast votes.

Key Dates

• 2024-05-29: Annual Meeting of Stockholders — Key date for voting on director and auditor.

Glossary

DEF 14A

Definitive Proxy Statement (This filing type indicates the company is providing final proxy materials to shareholders for voting.)

Board of Directors

A group of individuals elected by shareholders to oversee the company's management. (Key body for corporate governance, with elections being a primary agenda item.)

Year-Over-Year Comparison

This is the initial filing for the 2024 Annual Meeting of Stockholders.

Key Financial Figures

• $10,000 — l pay Kingsdale Advisors a fee of up to $10,000 plus reimbursement for reasonable out-o
• $300 million — B-Line owned and serviced in excess of $300 million in assets. Mr. Waters joined Pacific Na
• $2.3 billion — Pacific National Bank, a privately held $2.3 billion 17 branch bank based in San Francisco,
• $5.1 billion — nstrumental in Scientific Games&#x2019; $5.1 billion acquisition 5 of Bally Technologies
• $1.3 billion — r span helped grow annual revenues from $1.3 billion to $2.9 billion, reflecting a 100 perce
• $2.9 b — ow annual revenues from $1.3 billion to $2.9 billion, reflecting a 100 percent increas

Filing Documents

• glxz_def_14a_2024.htm (DEF 14A) — 455KB
• img151682963_0.jpg (GRAPHIC) — 8KB
• img151682963_1.jpg (GRAPHIC) — 3KB
• img151682963_2.jpg (GRAPHIC) — 4KB
• img151682963_3.jpg (GRAPHIC) — 1273KB
• img151682963_4.jpg (GRAPHIC) — 100KB
• 0000950170-24-048930.txt (&nbsp;) — 2367KB

From the Filing

DEF 14A 1 glxz_def_14a_2024.htm DEF 14A DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, For Use of the Commission Only (as permitted by 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional materials Soliciting Material Pursuant to 240.14a-12 GALAXY GAMING, INC. (Name of Registrant as Specified in Its Charter) Payment of filing fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. April 26, 2024 Dear Stockholder: You are cordially invited to attend the virtual Annual Meeting of Stockholders of Galaxy Gaming, Inc. (&#x201c;we,&#x201d; &#x201c;us,&#x201d; &#x201c;our&#x201d; and the &#x201c;Company&#x201d;), to be held on May 29, 2024 at 9:00 a.m. Pacific Daylight Time and at any adjournments or postponements thereof (the &#x201c;Annual Meeting&#x201d;). The Annual Meeting will be online only, so there is no physical meeting location. We believe that the virtual nature of the Annual Meeting will enable increased stockholder accessibility, while improving meeting efficiency and reducing costs. Stockholders will be able to listen, vote and submit questions from any remote location with internet connectivity. Information on how to participate in this year&#x2019;s virtual Annual Meeting can be found herein. At the Annual Meeting, you will be asked to consider and vote upon the following matters: 1. to elect one (1) member of the Company&#x2019;s Board of Directors (the &#x201c;Board&#x201d;) to serve for a three (3)-year term expiring at the 2027 Annual Meeting of Stockholders or until such director&#x2019;s successor has been duly elected and qualified. The sole Company nominee is Mr. Mark Lipparelli, no Stockholder having proposed any other nominee; 2. to ratify the appointment of Moss Adams LLP as the Company&#x2019;s independent registered public accounting firm for the fiscal year ending December 31, 2024; and 3. to consider and act upon any other matter that may properly come before the Annual Meeting or any adjournment thereof. These matters are described in detail in the accompanying Notice of Annual Meeting of Stockholders, Proxy Statement, proxy card relating to the Annual Meeting and the Company&#x2019;s 2023 Annual Report on Form 10-K. In selecting the director nominee that we are proposing for election to the Board in the accompanying Proxy Statement, the Board has focused on selecting a qualified, diverse, independent director who is a current member of the Board with strong industry credentials and extensive experience, and who has exhibited leadership within his respective field. The Board believes it has a selected director nominee with diverse experiences and background who will work together constructively with a focus on operational excellence, financial strength and stockholder value. Even if you plan to attend the Annual Meeting, we encourage you to vote your shares right away using one of the advance voting methods described herein. Your vote is very important regardless of how many shares you own. Sincerely, Matt Reback President and Chief Executive Officer GALAXY GAMING, INC. 6480 Cameron Street, Suite 305 Las Vegas, Nevada 89118 NOTICE OF VIRTUAL ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 29, 2024 NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of Galaxy Gaming, Inc., a Nevada corporation (&#x201c;we,&#x201d; &#x201c;us,&#x201d; &#x201c;our&#x201d; and the &#x201c;Company&#x201d;), will be held virtually at www.proxydocs.com/GLXZ on May 29, 2024, at 9:00 a.m. Pacific Daylight Time and at any adjournments or postponements thereof (the &#x201c;Annual Meeting&#x201d;). At the Annual Meeting, the Company&#x2019;s stockholders will be asked to consider and vote upon the following matters: 1. to elect one Class I director, namely Mr. Mark Lipparelli, to the Company&#x2019;s Board of Directors (the &#x201c;Board&#x201d;) to serve for a three (3)- year term expiring at the 2027 Annual Meeting of Stockholders or until such director&#x2019;s successor has been duly elected and qualified. 2. to ratify the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024; 3. to consider and act upon any other matter that may properly come before the Annual Meeting or any adjournment thereof. Only stockholders of record of the Company&#x2019;s common stock at the close of business on April 2, 2024, are entitled to receive notice o

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View this DEF 14A filing on SEC EDGAR