Galaxy Gaming details new 2026–2029 CFO pay package

Galaxy Gaming extends its CFO’s employment through 2029 and outlines updated salary, bonus, option and restricted stock terms.

Rhea-AI Filing Summary

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.

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

Base salary through August 31, 2027: $262,500 Base salary remainder of term: $275,000 Target annual bonus: 75% of base salary +4 more

7 metrics

Base salary through August 31, 2027 $262,500 Annual base compensation for the one-year period ending August 31, 2027

Base salary remainder of term $275,000 Annual base compensation for the period after August 31, 2027 through February 28, 2029

Target annual bonus 75% of base salary Discretionary bonus target based on individual and corporate performance objectives

Stock option grant 120,000 shares at $1.656 per share Option on common stock granted to CFO, priced at OTC Markets quote on grant date

Option vesting schedule 40,000 shares in 2027, 40,000 in 2028, 40,000 in 2029 Vesting on July 25, 2027, July 25, 2028 and July 25, 2029

Conditional restricted stock grant 100,000 shares Subject to meeting target criteria based on metrics concluding on December 31, 2028

Employment term end date February 28, 2029 Extended term of CFO’s Employment Agreement

Key Terms

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

5 terms

Amended and Restated Employment Agreement regulatory

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

stock option financial

"provides for a grant of a stock option to purchase 120,000 shares"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

restricted stock financial

"provides for a conditional grant of 100,000 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, non-solicitation"

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-disparagement regulatory

"customary restrictive covenants, including ... non-disclosure and non-disparagement provisions"

A non-disparagement provision is a promise in an agreement that one party will not make negative public statements about the other, like a vow to avoid “badmouthing” a business or its leaders. Investors care because such promises protect reputation and can limit public criticism that might affect a company’s stock price, signal unresolved disputes, or introduce legal risk if enforcement leads to further costs or constrained disclosure.

FAQ

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

What executive agreement did Galaxy Gaming (GLXZ) enter into with its CFO?

Galaxy Gaming entered into an Amended and Restated Employment Agreement with CFO Steven Kopjo, effective September 1, 2026, covering his role as Chief Financial Officer, Secretary and Treasurer and extending his employment term through February 28, 2029.

What are the new base salary terms for the Galaxy Gaming (GLXZ) CFO?

The agreement sets Steven Kopjo’s base salary at $262,500 for the one-year period ending August 31, 2027 and $275,000 for the remainder of the term through February 28, 2029.

What bonus opportunity does the Galaxy Gaming (GLXZ) CFO have under the new agreement?

Steven Kopjo is eligible for an annual discretionary bonus with a target equal to 75% of base salary, based on individual and corporate performance objectives established by the Board.

What stock options are granted to the Galaxy Gaming (GLXZ) CFO?

The agreement grants Steven Kopjo a stock option to buy 120,000 shares of common stock at $1.656 per share, vesting in three tranches of 40,000 shares each on July 25, 2027, July 25, 2028 and July 25, 2029.

Is there a restricted stock component in the Galaxy Gaming (GLXZ) CFO package?

Yes. The agreement provides for a conditional grant of 100,000 shares of restricted stock, subject to Kopjo meeting target criteria set by the Board based on metrics concluding on December 31, 2028.

What restrictive covenants apply to the Galaxy Gaming (GLXZ) CFO under this agreement?

The Employment Agreement includes customary non-competition, non-solicitation, non-disclosure and non-disparagement provisions applying to CFO Steven Kopjo.

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

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Available on EDGAR 09/10/2026 - 04:35 PM Accepted by SEC EDGAR 09/10/2026 - 04:34 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 8, 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 8, 2026, Galaxy Gaming, Inc. (the “Company”), entered into an Amended and Restated Employment Agreement, effective September 1, 2026 (the “Employment Agreement”), with Steven Kopjo, the Company’s Chief Financial Officer, Secretary and Treasurer. The Employment Agreement, among other things (i) extends the term of his employment through February 28, 2029; (ii) provides for base compensation of $262,500 for the one year period ending August 31, 2027 and $275,000 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; and (iv) provides for a grant of a stock option to purchase 120,000 shares of Employer’s 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 40,000 shares of stock, on July 25, 2027, (b) as to the next 40,000 shares of stock, on July 25, 2028, (c) as to the next 40,000 shares of stock, on July 25, 2029; and (v) provides for a conditional grant of 100,000 shares of restricted stock subject to Mr. Kopjo 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 8, 2026, between the Company and Steven Kopjo.
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 10, 2026

GALAXY GAMING, INC.

By: /s/ Steven Kopjo
Steven Kopjo

Chief Financial Officer

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

• EX-10.1 EX-10.1 167.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 25.3 KB