Item 1.01 Entry into a Material Definitive Agreement
On January 3, 2022, Galaxy Gaming, Inc. (the "Company"), entered into Amendment
Number 4 to the Employment Agreement, dated May 1, 2017 (and previously amended
by Amendments No. 1, 2 and 3), between the Company and Harry C. Hagerty, the
Company's Chief Financial Officer, Treasurer and Secretary. Among other things,
Amendment No. 4 (i) extends the term of the agreement from April 30, 2022 to
April 30, 2024; and (ii) provides for a grant of options to purchase 200,000
shares of the Company's common stock at a purchase price of $3.91 per share,
with the options vesting (x) 100,000 shares on April 30, 2023 and (y) 100,000
shares on April 30, 2024.
The balance of the Employment Agreement, as previously amended, remains in full
force and effect.
Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 3, 2022, the Company and Harry C. Hagerty, the Company's Chief
Financial Officer, Treasurer and Secretary, entered into an agreement to amend
his Employment Agreements in the manner described in Item 1.01. The terms and
conditions of the amendment are described under Item 1.01.
Item 9.01.Financial Statements and Exhibits
d) Exhibits
Exhibit
Number Description of Exhibit
10.1 Amendment No. 4 to the Employment Agreement dated January 3, 2022,
between the Company and Harry C. Hagerty
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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