Golden Matrix Group Reports Material Agreement Changes & Officer Updates

TL;DR

GMGI filed an 8-K detailing material agreement changes and exec moves - watch for impacts.

AI Summary

Golden Matrix Group, Inc. filed an 8-K on November 25, 2025, reporting on the entry into and termination of material definitive agreements, as well as changes in officers and directors. The filing also includes financial statements and exhibits, indicating significant corporate activity during this period.

Why It Matters

This filing signals potential shifts in Golden Matrix Group's business relationships and leadership, which could impact its strategic direction and operational stability.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and changes in officers/directors, which can introduce uncertainty and potential strategic shifts.

Key Players & Entities

• Golden Matrix Group, Inc. (company) — Registrant
• November 25, 2025 (date) — Date of Earliest Event Reported
• Nevada (jurisdiction) — State of Incorporation
• 001-41326 (identifier) — SEC File Number
• 46-1814729 (identifier) — EIN

FAQ

Key Financial Figures

• $0.00001 — e on which registered Common Stock, $0.00001 Par Value Per Share GMGI The NASDAQ
• $951,750 — the Company agreed to pay Mr. Goodman a $951,750 severance payment (representing eightee
• $434,500 — en months of Mr. Goodman's base salary ($434,500), plus Mr. Goodman's 2025 targeted bonu
• $300,000 — plus Mr. Goodman's 2025 targeted bonus ($300,000)) (the " Severance Payment ") and $46,7
• $46,792 — 0,000)) (the " Severance Payment ") and $46,792 in accrued, unused vacation pay (the "
• $60,000 — rance Payment and Accrued Vacation Pay, $60,000 will be paid to Mr. Goodman's superannu
• $401,215 — d to Mr. Goodman's superannuation fund, $401,215 will be paid to the Australian Tax Offi
• $537,327 — stralian Tax Office, and the balance of $537,327 will be held in escrow by The McGeary L
• $10,000 — o agreed to reimburse Mr. Goodman up to $10,000 in attorney's fees and costs incurred i

Filing Documents

• gmgi_8k.htm (8-K) — 37KB
• gmgi_ex101.htm (EX-10.1) — 137KB
• gmgi_ex102.htm (EX-10.2) — 64KB
• 0001477932-25-008725.txt ( ) — 392KB
• gmgi-20251125.xsd (EX-101.SCH) — 5KB
• gmgi-20251125_lab.xml (EX-101.LAB) — 14KB
• gmgi-20251125_cal.xml (EX-101.CAL) — 1KB
• gmgi-20251125_pre.xml (EX-101.PRE) — 9KB
• gmgi-20251125_def.xml (EX-101.DEF) — 2KB
• gmgi_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On November 25, 2025, Golden Matrix Group, Inc. (the " Company ") entered into a Severance and Release Agreement (the " Severance Agreement ") with its Chief Executive Officer, Anthony Brian Goodman, pursuant to which (i) the Company and Mr. Goodman mutually agreed to terminate Mr. Goodman's employment with the Company effective as of December 12, 2025, unless otherwise agreed between the parties (the " Termination Date "), and (ii) the Company agreed to pay Mr. Goodman a $951,750 severance payment (representing eighteen months of Mr. Goodman's base salary ($434,500), plus Mr. Goodman's 2025 targeted bonus ($300,000)) (the " Severance Payment ") and $46,792 in accrued, unused vacation pay (the " Accrued Vacation Pay "). Of the Severance Payment and Accrued Vacation Pay, $60,000 will be paid to Mr. Goodman's superannuation fund, $401,215 will be paid to the Australian Tax Office, and the balance of $537,327 will be held in escrow by The McGeary Law Firm, P.C. (the " Escrow Agent ") in accordance with an Escrow Agreement between the Company, Mr. Goodman, and Escrow Agent (the " Escrow Agreement "). Pursuant to the Escrow Agreement, the Escrow Agent will release the escrowed funds to Mr. Goodman and a resignation letter signed by Mr. Goodman to the Company on the Termination Date, subject to the Company providing written confirmation that Mr. Goodman has not exercised his right to revoke the Severance Agreement prior to the Termination Date. Pursuant to the Severance Agreement, the Company will use commercially reasonable efforts to reasonably assist Mr. Goodman in the conversion of his shares of Series B Preferred Stock into shares of Company common stock, which efforts will consist solely of authorizing the Company's transfer agent to issue and transfer such shares upon any such conversion, subject to receipt of appropriate documentation. We also agreed to reimburse Mr. Goodman up to $10,000 in attorney's fees

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement. The information set forth in Item 1.01 above relating to the termination of Mr. Goodman's employment with the Company is incorporated into this Item 1.02 by reference. As a result of the Separation Agreement, discussed in Item 1.01 , above, Mr. Goodman's First Amended and Restated Employment Agreement with the Company, dated on or about September 16, 2022, as amended to date, will be terminated, effective as of the Termination Date. No material early termination penalties were incurred by the Company in connection with such termination, except as discussed in Item 1.01 , above. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The information set forth in Item 1.01 and Item 1.02 above relating to the termination of Mr. Goodman's employment with the Company is incorporated into this Item 5.02 by reference. As discussed above, on November 25, 2025, and effective as of the Termination Date, Mr. Goodman resigned as President, Chief Executive Officer, Principal Executive Officer, Secretary, Treasurer, and as a member of the Board of Directors of the Company and each of its subsidiaries. On November 26, 2025, the Board of Directors appointed Mr. William Scott, the current Executive Chairman of the Board of Directors of the Company, as Interim Chief Executive Officer and Principal Executive Officer of the Company, to fill the vacancy left by Mr. Goodman's resignation on an interim basis, which appointment will be effective on the Termination Date. Mr. Scott will also continue to serve as Executive Chairman of the Company. Mr. Scott's business experience and age, are included in the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on September 23, 2025 (the " Proxy Statement "), under " Board of Directors—Director Nominees ", and are incorporated

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 10.1* Severance and Release Agreement dated November 25, 2025, by and between Golden Matrix Group, Inc. and Anthony Brian Goodman. 10.2* Escrow Agreement dated November 25, 2025, by and between Golden Matrix Group, Inc., Anthony Brian Goodman, and The McGeary Law Firm, P.C. 104 Cover Page Interactive Data File (embedded within the Inline XBRL documents). * Filed herewith. 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: December 2, 2025 By: /s/ Rich Christensen Rich Christensen Chief Financial Officer 4

View Full Filing

View this 8-K filing on SEC EDGAR