GALAXY GAMING, INC. (OTCMKTS:GLXZ) Files An 8-K Entry into a Material Definitive Agreement

On October 22, 2019, Galaxy Gaming, Inc. (the “Company”), entered into Amendment Number 3 to the Employment Agreement, dated May 1, 2017 (and previously amended by Amendments No. 1 and 2), between the Company and Harry C. Hagerty, the Company’s Chief Financial Officer, Treasurer and Secretary. Among other things, Amendment No. 3 (i) extends the term of the agreement from April 30, 2020 to April 30, 2022; and (ii) provides for a grant of options to purchase 200,000 shares of the Company’s common stock at a purchase price of $1.972 per share, with the options vesting (x) 66,666 shares on October 22, 2020, (y) 66,666 shares on October 22, 2021 and (z) 66,668 shares on April 30, 2022.

The balance of the Employment Agreement, as previously amended, remains in full force and effect.

On October 22, 2019, 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.

Page Follows

Galaxy Gaming, Inc. Exhibit
EX-10.4 2 ex10_4.htm EXHIBIT 10.4 Exhibit 10.4 Amendment No. 3 to Employment Agreement WHEREAS Galaxy Gaming,…
To view the full exhibit click here

About GALAXY GAMING, INC. (OTCMKTS:GLXZ)

Galaxy Gaming, Inc. is engaged in the business of designing, developing, manufacturing and/or acquiring casino table games and associated technology, platforms and systems for the global gaming industry. The Company markets its products to land-based, riverboat and cruise ship gaming establishments and to Internet gaming companies. It groups its products into four product categories: Proprietary Table Games, Enhanced Table Systems, e-Tables and Ancillary Equipment. The Company has an installed base of its products on over 5,000 gaming tables located in over 600 casinos. The Company owns over 20 different table games, including 21+3, Two-way Hold’em and Three Card Poker, which are played in over 250 casinos. The Company’s Proprietary Table Games are grouped into two product types: Side Bets and Premium Games. Enhanced Table Systems are electronic enhancements used on casino table games to add to player appeal and to enhance game security.