Golden Matrix Group Inc. Reports Director Changes and Compensation Updates
Ticker: MRDN · Form: 8-K · Filed: Jan 16, 2025 · CIK: 1437925
| Field | Detail |
|---|---|
| Company | Golden Matrix Group, INC. (MRDN) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.00001, $300,000, $75,000, $30,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: GMGI
TL;DR
GMGI board shakeup and comp plan changes filed. Watch for details.
AI Summary
Golden Matrix Group, Inc. announced on January 12, 2025, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory plans. Specific financial figures related to these changes were not detailed in this initial 8-K filing.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect company strategy and performance, warranting closer monitoring.
Key Players & Entities
- Golden Matrix Group, Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- January 12, 2025 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates the departure of certain officers and directors but does not specify the exact roles in this section.
Who are the newly elected directors?
The filing states that directors have been elected but does not name the individuals in this particular section.
What are the key changes in the compensatory arrangements for officers?
The filing mentions updates to compensatory arrangements but does not provide specific details on the changes within this initial report.
What is the exact date of the board and officer changes?
The earliest event reported is January 12, 2025, which is the date associated with these changes.
Does this filing include financial details related to the compensation changes?
No, this 8-K filing primarily announces the changes in governance and compensation structure, without detailing specific financial figures related to these changes.
Filing Stats: 1,392 words · 6 min read · ~5 pages · Grade level 14.1 · Accepted 2025-01-16 16:30:23
Key Financial Figures
- $0.00001 — e on which registered Common Stock, $0.00001Par Value Per Share GMGI The NASDAQ
- $300,000 — Restricted Stock Units (" RSUs ") and a $300,000 contingent cash bonus, payable to Antho
- $75,000 — "); (c) the grant of 75,000 RSUs and a $75,000 contingent cash bonus, payable to Weiti
- $30,000 — approved the grant of 30,000 RSUs and a $30,000 contingent cash bonus, payable to each
Filing Documents
- gmgi_8k.htm (8-K) — 40KB
- gmgi_ex101.htm (EX-10.1) — 74KB
- 0001477932-25-000303.txt ( ) — 255KB
- gmgi-20250112.xsd (EX-101.SCH) — 6KB
- gmgi-20250112_lab.xml (EX-101.LAB) — 14KB
- gmgi-20250112_cal.xml (EX-101.CAL) — 1KB
- gmgi-20250112_pre.xml (EX-101.PRE) — 9KB
- gmgi-20250112_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 the independent members of the Board of Directors, each as set forth in Item 5.02 above, is incorporated by reference into this Item 8.01 in its entirety. Also on January 12, 2025, the Board of Directors, with the recommendation of the Compensation Committee, approved various other grants of Restricted Stock Units to employees of the Company and certain of its subsidiaries, including the grant of an aggregate of 50,000 Restricted Stock Units to Brett Goodman, the son of Anthony Brian Goodman, the Chief Executive Officer and member of the Board of Directors of the Company, who is also part of the management of Global Technology Group Pty Ltd, a wholly-owned subsidiary of the Company, which vest at the rate of 1/4 th of such Restricted Stock Units, on each of March 31, 2025, June 30, 2025, September 30, 2025 and December 31, 2025, subject to Mr. Goodman continuing to provide services to Global Technology Group Pty Ltd, on such vesting dates, subject to certain customary accelerated vesting terms.
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. RSU Award Grant Notice and RSU Award Agreement (2023 Equity Incentive Plan)(Meridian Company employee awards – January 2025) *** 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. 3
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: January 16, 2025 By: /s/ Anthony Brian Goodman Anthony Brian Goodman Chief Executive Officer 4