Galaxy Gaming, Inc. entered into an Amended and Restated Employment Agreement with Matt Reback, the Company’s President and Chief Executive Officer, on September 18, 2026. The agreement, effective September 1, 2026, outlines the terms of Mr. Reback’s continued service through May 31, 2029.
The amended contract details Mr. Reback’s compensation structure. His base salary is set at $367,500 for the one-year period ending August 31, 2027, and $385,000 for the remainder of the term. Additionally, he is eligible to receive an annual discretionary bonus with a target equal to 75% of his base salary, contingent upon the achievement of individual and corporate performance objectives established by the Board.
The agreement includes equity-based incentives. Mr. Reback was granted a stock option to purchase 150,000 shares of common stock at a strike price of $1.656. This option will vest in three tranches: 50,000 shares on September 1, 2027; another 50,000 shares on September 1, 2028; and the final 50,000 shares on September 1, 2029.
Furthermore, the filing notes a conditional grant of 150,000 shares of restricted stock. This grant is subject to Mr. Reback meeting specific target criteria established by the Board, with metrics concluding on December 31, 2028. The agreement also includes customary restrictive covenants regarding non-competition, non-solicitation of partners, non-disclosure, and non-disparagement.
