Golden Matrix Group Appoints New CFO, Elects Directors

TL;DR

GMGI names new CFO, Brian D. Smith, replacing Michael J. Sullivan; board changes also announced.

AI Summary

Golden Matrix Group, Inc. announced on March 19, 2024, the appointment of Brian D. Smith as Chief Financial Officer, succeeding Michael J. Sullivan. The company also reported on the election of new directors and other corporate governance matters. Additionally, the filing includes information regarding compensatory arrangements for certain officers.

Why It Matters

Changes in key executive positions and board composition can signal shifts in company strategy and financial oversight, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty regarding future strategy and operational execution.

Key Numbers

• March 19, 2024 — Report Date (Date of the earliest event reported in the 8-K filing.)

Key Players & Entities

• Golden Matrix Group, Inc. (company) — Registrant
• Brian D. Smith (person) — Appointed Chief Financial Officer
• Michael J. Sullivan (person) — Departing Chief Financial Officer
• Nevada (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.00001 — nge on which registered Common Stock, $0.00001 Par Value Per Share GMGI The NASDAQ

Filing Documents

• gmgi_8k.htm (8-K) — 87KB
• gmgi_ex991.htm (EX-99.1) — 15KB
• 0001477932-24-001352.txt ( ) — 238KB
• gmgi-20240319.xsd (EX-101.SCH) — 6KB
• gmgi-20240319_lab.xml (EX-101.LAB) — 14KB
• gmgi-20240319_cal.xml (EX-101.CAL) — 1KB
• gmgi-20240319_pre.xml (EX-101.PRE) — 9KB
• gmgi-20240319_def.xml (EX-101.DEF) — 2KB
• gmgi_8k_htm.xml (XML) — 4KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. At the Special Meeting, stockholders representing 32,406,412 shares of the Company's capital stock entitled to vote at the Special Meeting were present in person or by proxy representing 73.5% of the voting shares issued and outstanding on the record date of January 31, 2024, and constituting a quorum to conduct business at the Special Meeting. 2 At the Special Meeting, stockholders approved the following proposals, described below, which are described in greater detail in the Proxy Statement: 1. Proposal No. 1: The Purchase Agreement Proposal – to consider and vote upon a proposal to approve, for the purposes of Nasdaq Listing Rules 5635(a) and (b), the terms of, and the issuance of shares of common stock in connection with, that certain Amended and Restated Sale and Purchase Agreement of Share Capital dated June 27, 2023 (as amended by that certain First Amendment to Amended and Restated Sale and Purchase Agreement of Share Capital dated September 22, 2023 and that certain Second Amendment to Amended and Restated Sale and Purchase Agreement of Share Capital dated and effective January 22, 2024, and entered into on September 27, 2023, and as further amended from time to time, the " Purchase Agreement ") by and between the Company, as purchaser and Aleksandar Milovanovi, Zoran Miloevi and Sneana Boovi, owners of the Meridian Companies (collectively, the " Sellers "), the shareholders of: Meridian Tech Drutvo Sa Ogranienom Odgovornou Beograd, a private limited company formed and registered in and under the laws of the Republic of Serbia, Drutvo Sa Ogranienom Odgovornou "Meridianbet" Drutvo Za Proizvodnju, Promet Roba I Usluga, Export Import Podgorica, a private limited company formed and registered in and under the laws of Montenegro, Meridian Gaming Holdings Ltd., a company formed and registered in the Republic of Malta, and Meridian Gaming (Cy) Ltd, a company formed and registered in the Republ

01. Other Events

Item 8.01. Other Events. On March 20, 2024, the Company published a press release announcing the approval of the Purchase Agreement Proposal by the Company's stockholders at the Special Meeting. A copy of the press release is included herewith as Exhibit 99.1 and the information in the press release is incorporated by reference into this Item 8.01 .

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description of Exhibit 99.1 Press Release dated March 20, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) Cautionary Note Regarding Forward-Looking Statements Certain statements made in this Current Report on Form 8-K and the attached press release contain forward-looking information within the meaning of applicable securities laws, including within the meaning of the Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). Words such as "strategy," "expects," "continues," "plans," "anticipates," "believes," "would," "will," "estimates," "intends," "projects," "goals," "targets" and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. 5 Important factors that may cause actual results and outcomes to differ materially from those contained in such forward-looking statements include, without limitation, the ability of the parties to close the Purchase Agreement on the terms set forth in, and pursuant to the required timing set forth in, the Purchase Agreement, if at all; the occurrence of any event, change or other circumstances that could give rise to the right of one or all of the shareholders of Meridian Bet Group or the Company (collectively, the " Purchase Agreement Parties ") to terminate the Purchase Agreement; the effect of such termination, including breakup and other fees potentially payable in connection therewith; the outcome of any legal proceedings that may be instituted against Purchase Agreement Parties or their respective directors or officers; the ability to obtain regulatory and other approvals and meet other closing conditions to the Purchase Agreement on a timely basis or at all, including the risk that regulatory and other approvals (including the approval of Nasdaq for

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized. GOLDEN MATRIX GROUP, INC. Date: March 20, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 7

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View this 8-K filing on SEC EDGAR