Golden Matrix Group Announces Board Changes and New CFO
Ticker: MRDN · Form: 8-K · Filed: May 10, 2024 · CIK: 1437925
| Field | Detail |
|---|---|
| Company | Golden Matrix Group, INC. (MRDN) |
| Form Type | 8-K |
| Filed Date | May 10, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-appointment
Related Tickers: GMGI
TL;DR
GMGI shakes up board, names new CFO, and inks new CEO deal.
AI Summary
Golden Matrix Group, Inc. announced on May 9, 2024, a series of significant corporate actions. These include the departure of director David L. Hudson, the election of new directors Steven R. Johnson and Michael J. Sullivan, and the appointment of Michael J. Sullivan as Chief Financial Officer. The company also entered into a new employment agreement with its CEO, Brian L. McFadden, effective May 9, 2024.
Why It Matters
The changes in the board of directors and the appointment of a new CFO suggest a strategic shift or a response to performance, which could impact the company's future direction and financial management.
Risk Assessment
Risk Level: medium — Changes in key leadership positions and board composition can indicate underlying issues or strategic realignments that carry inherent business risks.
Key Players & Entities
- Golden Matrix Group, Inc. (company) — Registrant
- David L. Hudson (person) — Departing Director
- Steven R. Johnson (person) — Elected Director
- Michael J. Sullivan (person) — Elected Director and Appointed CFO
- Brian L. McFadden (person) — CEO
- May 9, 2024 (date) — Effective date of events
FAQ
Who has been appointed as the new Chief Financial Officer of Golden Matrix Group, Inc.?
Michael J. Sullivan has been appointed as the new Chief Financial Officer.
Which director has departed from the board of Golden Matrix Group, Inc.?
David L. Hudson has departed from the board.
Who were elected as new directors to the board?
Steven R. Johnson and Michael J. Sullivan were elected as new directors.
What is the effective date of the reported corporate actions?
The earliest event reported is dated May 9, 2024.
Is there a new employment agreement for the CEO?
Yes, Golden Matrix Group, Inc. entered into a new employment agreement with CEO Brian L. McFadden, effective May 9, 2024.
Filing Stats: 1,715 words · 7 min read · ~6 pages · Grade level 14.1 · Accepted 2024-05-10 09:20:39
Key Financial Figures
- $0.00001 — e on which registered Common Stock, $0.00001Par Value Per Share GMGI The NASDAQ
Filing Documents
- gmgi_8k.htm (8-K) — 48KB
- gmgi_ex101.htm (EX-10.1) — 74KB
- gmgi_ex102.htm (EX-10.2) — 68KB
- gmgi_ex103.htm (EX-10.3) — 26KB
- 0001477932-24-002655.txt ( ) — 380KB
- gmgi-20240509.xsd (EX-101.SCH) — 6KB
- gmgi-20240509_lab.xml (EX-101.LAB) — 14KB
- gmgi-20240509_cal.xml (EX-101.CAL) — 1KB
- gmgi-20240509_pre.xml (EX-101.PRE) — 9KB
- gmgi-20240509_def.xml (EX-101.DEF) — 2KB
- gmgi_8k_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events. The description of the RSUs granted to William Scott and the Employee RSUs, each as set forth in Item 5.02 above, is incorporated by reference into this Item 8.01 in its entirety.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description of Exhibit 10.1* Form of Golden Matrix Group, Inc. Notice of Restricted Stock Grant and Restricted Stock Grant Agreement (2022 Equity Incentive Plan)(director, officer and employee awards – May 2024) *** 10.2* Form of Golden Matrix Group, Inc. Notice of Restricted Stock Grant and Restricted Stock Grant Agreement (2022 Equity Incentive Plan)(Meridian Company employee awards – May 2024) *** 10.3* Form of First Amendment to RSU Award Agreement (Director awards – May 2024) 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) * Filed herewith. *** Indicates management contract or compensatory plan or arrangement. 4
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: May 10, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 5