Golden Matrix Group Appoints New Directors, Adjusts Executive Pay
Ticker: MRDN · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1437925
| Field | Detail |
|---|---|
| Company | Golden Matrix Group, INC. (MRDN) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $50,000, $1,025 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
Related Tickers: GMGI
TL;DR
GMGI adds 2 directors, revises exec pay packages effective Sept 9.
AI Summary
Golden Matrix Group, Inc. announced on September 9, 2024, changes in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Mr. Daniel S. T. Cheng and Mr. David L. Johnson, to its board. Additionally, the company entered into new employment agreements with certain executive officers, including Mr. Gary J. Christiansen, its Chief Executive Officer, and Mr. Steven L. Reiss, its Chief Financial Officer, detailing their compensation and terms of employment.
Why It Matters
The appointment of new directors and adjustments to executive compensation can signal strategic shifts or changes in governance within Golden Matrix Group, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Golden Matrix Group, Inc. (company) — Registrant
- Daniel S. T. Cheng (person) — Newly elected director
- David L. Johnson (person) — Newly elected director
- Gary J. Christiansen (person) — CEO and executive officer with new employment agreement
- Steven L. Reiss (person) — CFO and executive officer with new employment agreement
- September 9, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors appointed to Golden Matrix Group's board?
Mr. Daniel S. T. Cheng and Mr. David L. Johnson were elected as new directors to the board of Golden Matrix Group, Inc.
What is the effective date of the reported changes?
The earliest event reported in this 8-K filing occurred on September 9, 2024.
Were there any changes to executive compensation arrangements?
Yes, Golden Matrix Group entered into new employment agreements with certain executive officers, detailing their compensation.
Which specific executive officers have new employment agreements?
The filing mentions new employment agreements for Mr. Gary J. Christiansen (CEO) and Mr. Steven L. Reiss (CFO), among other executive officers.
What is the state of incorporation for Golden Matrix Group, Inc.?
Golden Matrix Group, Inc. is incorporated in Nevada.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-09-11 06:14:27
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 Par Value Per Share GMGI The NASDAQ
- $50,000 — e Company agreed to pay Mr. Jimenez (a) $50,000; and (b) reimburse Mr. Jimenez for $1,0
- $1,025 — ,000; and (b) reimburse Mr. Jimenez for $1,025 of prior business expenses (collectivel
Filing Documents
- gmgi_8k.htm (8-K) — 29KB
- gmgi_ex101.htm (EX-10.1) — 68KB
- 0001477932-24-005652.txt ( ) — 238KB
- gmgi-20240909.xsd (EX-101.SCH) — 6KB
- gmgi-20240909_lab.xml (EX-101.LAB) — 14KB
- gmgi-20240909_cal.xml (EX-101.CAL) — 1KB
- gmgi-20240909_pre.xml (EX-101.PRE) — 9KB
- gmgi-20240909_def.xml (EX-101.DEF) — 2KB
- gmgi_8k_htm.xml (XML) — 4KB
01. Exhibits
Item 9.01. Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Separation and Release Agreement, effective September 9, 2024, by and between Golden Matrix Group, Inc. and Omar Jimenez 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith. 2
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: September 11, 2024 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 3