Galaxy Gaming, Inc. Amends CFO Employment; Stock Options Granted

What Happened
Galaxy Gaming, Inc. (GLXZ) filed an 8-K reporting an Amended and Restated Employment Agreement with its Chief Financial Officer, Secretary and Treasurer, Steven Kopjo, effective September 1, 2026 (agreement dated September 8, 2026). The agreement extends Mr. Kopjo’s employment through February 28, 2029 and updates his pay and equity incentives.

Key Details

• Base salary: $262,500 for the year ending August 31, 2027; $275,000 for the remainder of the term.
• Bonus: Eligible for an annual discretionary bonus with a target equal to 75% of base salary, tied to individual and corporate performance set by the Board.
• Equity: Stock option to purchase 120,000 shares at a $1.656 strike price (OTC Markets price on grant date); vests 40,000 shares on each of July 25, 2027, July 25, 2028 and July 25, 2029.
• Additional equity: Conditional grant of 100,000 restricted shares contingent on meeting Board-established metrics concluding December 31, 2028.
• Other terms: Agreement includes customary restrictive covenants (non‑competition, non‑solicit, non‑disclosure, non‑disparagement).

Why It Matters
This filing confirms the company has secured its finance leader through early 2029 and aligned his compensation with performance via a meaningful equity component and bonus target. For investors, the equity grants could lead to future dilution if options are exercised and restricted shares are earned; the timing and conditions (vesting dates and metrics ending Dec 31, 2028) clarify when that dilution might occur. The compensation package signals retention and performance incentives for the CFO, while restrictive covenants limit competitive risk.