Gaming Partners International Corporation (NASDAQ:GPIC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On November 27, 2018, the Board of Directors (the “Board”) of Gaming Partners International Corporation (the “Company”) approved special compensation for two of its directors in connection with their work and efforts on the merger transaction with Angel Holdings Godo Kaisha. The Board authorized payment to each of Martin A. Berkowitz and Robert J. Kelly in the amount of $100,000.
As a result of the Company entering into the Merger Agreement on November 27, 2018, with Angel Holdings Godo Kaisha, the Board decided to discontinue the search for a new Chief Executive Officer. Alain Thieffry, in addition to already being Chairman of the Board and Chief Financial Officer, was appointed as the Company’s permanent Chief Executive Officer, President, Secretary, and Treasurer.
SECTION 8 – Other Events
On November 27, 2018, the Board of Directors declared a dividend of $0.12 per issued and outstanding share of common stock. The dividend will be paid no later than December 21, 2018 to stockholders of record at the close of business on December 10, 2018. As of November 27, 2018, the Company had 8,045,968 common shares issued and outstanding, resulting in an aggregate dividend of $965,516. On November 30, 2018, the Company issued a press release to announce the dividend. The press release is furnished as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit 99.1 | Press release dated November 30, 2018. |
Gaming Partners International CORP ExhibitEX-99.1 2 tv508266_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Gaming Partners International Announces Special Dividend Las Vegas,…To view the full exhibit click here
About Gaming Partners International Corporation (NASDAQ:GPIC)
Gaming Partners International Corporation (GPIC) is a manufacturer and supplier of casino table game equipment. The Company operates in the casino table game products segment. The Company manufactures and supplies casino currency, with various security and design options, playing cards, table layouts, gaming furniture, table accessories, dice and roulette wheels. It also provides various radio frequency identification (RFID) technologies, including low- and high-frequency RFID casino currency, RFID solutions for casino currency (consisting of low- and high-frequency RFID casino currency readers, antennas, casino currency authentication software, casino currency inventory software applications and software maintenance services). Its products and services are used with casino table games, such as blackjack, poker, baccarat, craps and roulette. The Company’s products fall into two categories: non-consumable and consumable.