Galaxy Gaming, Inc. filings document material-event disclosures for a Nevada operating company with GLXZ common stock quoted on the OTCQB Marketplace. The filing record includes Form 8-K reports covering material definitive agreements, Regulation FD disclosures, capital-structure information, and regulatory disclosure categories.
Company filings identify GLXZ's common stock as $0.001 par value and note that no securities are registered under Section 12(b) of the Exchange Act. The disclosures also record corporate agreements and amendments that affect the issuer's governance, transaction, and capital-structure profile.
Galaxy Gaming, Inc. (GLXZ) director Mark A. Lipparelli acquired 10,536 common shares through a grant or award on September 30, 2026. The reported per-share figure was $1.60, and his directly held position after the transaction was 2,041,866 shares. The acquisition was compensation-related, rather than a market purchase.
Galaxy Gaming, Inc. director Meredith B. Brill acquired 7,902 common shares through a grant or award on September 30, 2026. The reported price was $1.60 per share, and her directly held position after the acquisition was 154,504 shares. She also reported 275,000 shares held indirectly by a company of which she is a beneficial owner.
Galaxy Gaming, Inc. director Cheryl Kondra acquired 9,219 shares of Common Stock through a grant/award on September 30, 2026, at a reported $1.60 per share. Her directly held position following the transaction was 186,499 shares. The transaction was a compensation-related award, not a market purchase.
Galaxy Gaming, Inc. director Bryan W. Waters reported an indirect grant/award acquisition of 7,902 common shares by the Bryan and Karen Waters Family Trust on September 30, 2026, at a reported $1.60 per share. The trust held 624,312 shares following the transaction.
Galaxy Gaming, Inc. amended its credit agreement with BMO Bank N.A., increasing the annual capital expenditure limitation for the company and its subsidiaries to no more than 10% of the prior year’s net revenue per annum. The amendment also permits a one-time $505,361.00 EBITDA addback solely for determining compliance with certain financial ratios under the agreement.
Galaxy Gaming, Inc. (GLXZ) entered into an Amended and Restated Employment Agreement with President and CEO Matt Reback, effective September 1, 2026. The agreement extends his employment term through May 31, 2029 and sets updated cash and equity compensation terms.
The agreement provides base salary of $367,500 for the year ending August 31, 2027 and $385,000 for the remainder of the term, plus eligibility for an annual discretionary bonus targeted at 75% of base salary, based on individual and corporate objectives set by the board. Reback is granted options to purchase 150,000 shares at a strike price of $1.656 per share, vesting in three equal tranches on September 1, 2027, 2028, and 2029, and a conditional grant of 150,000 shares of restricted stock subject to board-established metrics concluding on December 31, 2028. The agreement includes customary non-competition, non-solicitation, non-disclosure, and non-disparagement covenants.
Galaxy Gaming, Inc. (GLXZ) approved an Amended and Restated Employment Agreement with Chief Financial Officer, Secretary and Treasurer Steven Kopjo, effective September 1, 2026, extending his employment term through February 28, 2029.
The agreement sets base salary at $262,500 for the year ending August 31, 2027 and $275,000 thereafter, with eligibility for an annual discretionary bonus targeting 75% of base salary based on individual and corporate goals set by the Board. Kopjo will receive a stock option to purchase 120,000 shares of common stock at $1.656 per share, vesting in three tranches of 40,000 shares on July 25, 2027, July 25, 2028 and July 25, 2029. He is also eligible for a conditional grant of 100,000 shares of restricted stock if performance metrics concluding on December 31, 2028 are met. The contract includes customary non-competition, non-solicitation, non-disclosure and non-disparagement covenants.
Galaxy Gaming, Inc. reported that it has entered into warrant cancellation agreements with three Fortress Credit Corp. affiliates, cancelling warrants to purchase 778,320 shares of common stock. These warrants, originally issued in November 2021 in connection with a senior secured term loan, carried an exercise price of $0.01 per share and represented approximately 3% of the Company’s fully diluted share count.
In exchange for cancelling the warrants in full, Galaxy paid the holders approximately $1.2 million in cash, funded from cash on hand, and the warrants are now terminated and void. Following this transaction, Galaxy states that it has no warrants outstanding, eliminating the associated potential dilution.
The Company applied the transaction against its $4.0 million share repurchase authorization adopted on July 22, 2026. Together with a privately negotiated repurchase of 330,758 shares completed on July 31, 2026, approximately $2.3 million remains available under the program.
Galaxy Gaming, Inc. reported continued profitability for the quarter and six months ended June 30, 2026. Quarterly revenue was $7.94 million, up 5.4% year over year, driven by higher recurring licensing fees in both land-based and digital segments, partially offset by an 80% decline in perpetual progressive system sales as the company prioritizes recurring placements.
For the first half of 2026, revenue reached $15.60 million and net income was $2.36 million, a sharp improvement from a $1.07 million loss in the prior-year period. Operating cash flow was $4.17 million and Free Cash Flow was $3.17 million, supporting debt reduction and investment in software and assets at client locations.
Long-term debt and liabilities, gross, were $38.27 million with maturity in 2028, versus cash of $4.76 million, and the company remains in a stockholders’ deficit position. Selling, general and administrative expenses include a one-time $505,361 state tax charge from a managed audit, while additional multi-jurisdiction sales and use tax exposure is still being evaluated. After the period, Evolution terminated the merger agreement and paid a $5.23 million cash termination fee, and the board authorized a $4.0 million share repurchase program, under which 330,758 shares were bought for $514,202.
Galaxy Gaming, Inc. entered into a First Amendment to its January 6, 2025 credit agreement with BMO Bank N.A. on July 24, 2026. The amendment permits the company to repurchase up to $4 million of its capital stock, equity interests or warrants, subject to specific conditions.
Conditions include maintaining at least $5 million in unencumbered liquid assets after any such payment, using as the sole funding source the termination fee paid to Galaxy Gaming by Evolution Malta Holding Limited, compliance with all financial covenants, and other specified requirements. The amendment also revises the Fixed Charge Coverage Ratio and certain financial reporting requirements owed to the bank.