000-30653
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20-8143439
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 |
Entry into a Material Definitive Agreement
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Item 9.01 |
Financial Statements and Exhibits
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Exhibit
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Description
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GALAXY GAMING, INC.
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By:
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/s/ Harry C. Hagerty
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Harry C. Hagerty
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Chief Financial Officer
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1. |
The words “payable in accordance with Employer’s customary payroll practices as in effect from time to time” in Section 2(c)(ii)(A) and Section 2(c)(ii)(C) of the
Employment Agreement shall be deleted and replaced with the words “payable on the date of termination”.
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2. |
The words “at Employer’s expense” shall be inserted after the word “Continuation” in Section 2(c)(ii)(B) of the Agreement.
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3. |
The words “(including the “2020 Annual Grant” referred to in Exhibit A of the Employment Agreement)” shall be inserted after the words “stock options” in Section
2(c)(ii)(C)(ii); and the words “provided, however” and continuing to the end of Section 2(c)(ii)(C)(ii) shall be deleted in their entirety.
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4. |
The words “the price per share of Employer’s common stock as reported on OTC Markets on August 1, 2020 (or the nearest trading day thereafter)” in the last sentence of
the section titled “Stock Option Grant” in Exhibit A of the Employment Agreement are replaced with “$1.90 per share”.
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GALAXY GAMING, INC.
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TODD P. CRAVENS
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By:
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/s/ Harry C. Hagerty |
By:
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/s/ Todd P. Cravens
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Name: Harry C. Hagerty
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Title: CFO
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1. |
The words “payable in accordance with Employer’s customary payroll practices as in effect from time to time” in Section 2(c)(ii)(A) and Section 2(c)(ii)(C) of the
Employment Agreement shall be deleted and replaced with the words “payable on the date of termination”.
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2. |
The words “at Employer’s expense” shall be inserted after the word “Continuation” in Section 2(c)(ii)(B) of the Agreement.
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GALAXY GAMING, INC.
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HARRY C. HAGERTY
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By:
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/s/ Todd P. Cravens |
By:
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/s/ Harry C. Hagerty |
Name: Todd P. Cravens
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Title: CEO
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