Galaxy Gaming extends CEO contract to 2029

Galaxy Gaming, Inc. extended CEO Matt Reback’s employment through May 31, 2029 with updated salary, bonus targets, and time- and performance-based equity awards.

Rhea-AI Filing Summary

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.

8-K Event Classification

3 items: 1.01, 5.02, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Initial base salary: $367,500 Ongoing base salary: $385,000 Target annual bonus: 75% of base salary +5 more

8 metrics

Initial base salary $367,500 Base compensation for the one-year period ending August 31, 2027

Ongoing base salary $385,000 Base compensation for the remainder of the employment term through May 31, 2029

Target annual bonus 75% of base salary Annual discretionary bonus target based on individual and corporate objectives

Stock options granted 150,000 shares Option grant to purchase common stock under the Employment Agreement

Option strike price $1.656 per share Exercise price equal to the common stock price on the grant date

Restricted stock grant 150,000 shares Conditional restricted stock subject to metrics concluding on December 31, 2028

Employment term end date May 31, 2029 Expiration of the extended employment term for Matt Reback

Metrics measurement end date December 31, 2028 Date when performance metrics for conditional restricted stock conclude

Key Terms

Amended and Restated Employment Agreement, restricted stock, non-competition, non-solicitation, +1 more

5 terms

Amended and Restated Employment Agreement regulatory

"entered into an Amended and Restated Employment Agreement, effective September 1, 2026"

restricted stock financial

"provides for a conditional grant of 150,000 shares of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

non-competition regulatory

"contains customary restrictive covenants, including non-competition"

A non-competition is a contractual restriction that prevents a person or business from starting or working in a competing business within a specified time and geographic area after leaving a job or completing a transaction. It matters to investors because it acts like a temporary fence around customers, trade secrets and know‑how, helping protect future revenue and company value; weak or unenforceable restrictions can increase the risk of customer loss and competitive erosion.

non-solicitation regulatory

"customary restrictive covenants, including non-competition, non-solicitation of partners"

A non-solicitation clause is a contractual promise that one party will not actively try to lure away another party’s employees, customers, or suppliers. For investors, it signals protection of a company’s workforce and client base after a deal or partnership—reducing the risk that key staff or revenue sources will be poached and therefore helping preserve the business’s value, predictability, and post-transaction earnings. Think of it as an agreement not to knock on a neighbor’s door to take their business or team.

OTCQB marketplace market

"Common Stock | GLXZ | OTCQB marketplace"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Galaxy Gaming, Inc. (GLXZ) announce regarding its CEO’s employment?

Galaxy Gaming, Inc. entered into an Amended and Restated Employment Agreement with President and CEO Matt Reback, effective September 1, 2026, extending his employment term through May 31, 2029 and updating his salary, bonus, and equity compensation.

What is CEO Matt Reback’s base salary under the new GLXZ agreement?

Matt Reback’s base salary is $367,500 for the one-year period ending August 31, 2027 and $385,000 for the remainder of the term through May 31, 2029, as stated in the Amended and Restated Employment Agreement.

What bonus opportunity does the new GLXZ CEO agreement provide?

The agreement makes Matt Reback eligible for an annual discretionary bonus with a target equal to 75% of his base salary, based on achievement of individual and corporate performance objectives established by the board of directors.

What stock options are granted to the GLXZ CEO in this agreement?

Matt Reback receives a stock option to purchase 150,000 shares of common stock at a strike price of $1.656 per share, vesting in three tranches of 50,000 shares each on September 1, 2027, September 1, 2028, and September 1, 2029.

What restricted stock grant is included in the GLXZ CEO’s new contract?

The agreement provides a conditional grant of 150,000 shares of restricted stock to Matt Reback, subject to him meeting target criteria established by the board based on metrics that conclude on December 31, 2028.

Does the GLXZ CEO employment agreement include restrictive covenants?

Yes. The Employment Agreement includes customary non-competition, non-solicitation of partners, non-disclosure, and non-disparagement provisions governing Matt Reback’s conduct during and after his employment term.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 01:18 PM Accepted by SEC EDGAR 09/21/2026 - 01:18 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 18, 2026

Galaxy Gaming, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

000-30653	20-8143439
(Commission File Number)	(I.R.S. Employer Identification No.)

6480 Cameron Street Suite 305 Las Vegas, Nevada 89118

(Address of principal executive offices)

(702) 939-3254

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of Each Class	Trading Symbol	Name of Exchange on Which Registered
Common Stock	GLXZ	OTCQB marketplace

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Act of 1934 (§240.12b-2 of this chapter).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01 Entry into a Material Definitive Agreement

On September 18, 2026, Galaxy Gaming, Inc. (the “Company”), entered into an Amended and Restated Employment Agreement, effective September 1, 2026 (the “Employment Agreement”), with Matt Reback, the Company’s President and Chief Executive Officer. The Employment Agreement, among other things (i) extends the term of his employment through May 31, 2029; (ii) provides for base compensation of $367,500 for the one year period ending August 31, 2027 and $385,000 for the remainder of the term; (iii) provides eligibility to receive an annual discretionary bonus with a target equal to 75% of his base salary based on the achievement of individual and corporate performance objectives established by the Board; (iv) provides for a grant of a stock option to purchase 150,000 shares of common stock at a strike price equal to $1.656 (the price per share of the Company’s common stock as reported on OTC Markets on the grant date), which option will vest as follows: (a) as to the first 50,000 shares of stock, on September 1, 2027, (b) as to the next 50,000 shares of stock, on September 1, 2028, (c) as to the next 50,000 shares of stock, on September 1, 2029; and (v) provides for a conditional grant of 150,000 shares of restricted stock subject to Mr. Reback meeting target criteria established by the Board based on metrics concluding on December 31, 2028. The Employment Agreement contains customary restrictive covenants, including non-competition, non-solicitation of partners, non-disclosure and non-disparagement provisions.

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 of this Current Report on Form 8-K is incorporated by reference into this Item 5.02.

Item 9.01. Exhibits.

d) Exhibits

Exhibit Number		Description of Exhibit
10.1		Amended and Restated Employment Agreement Dated September 18, 2026, between the Company and Matt Reback.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signature Page Follows

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.

Dated: September 21, 2026

GALAXY GAMING, INC.

By: /s/ Steven Kopjo
Steven Kopjo
Chief Financial Officer

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

• EX-10.1 EX-10.1 170.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 27.1 KB