Newgioco Group, Inc. (OTCMKTS:EMGL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
On June 13, 2019, the board of directors (the “Board”) of Newgioco Group, Inc. (the “Company”) elected Paul Sallwasser and Steven A. Shallcross to serve as members of the Board. The appointments, which are effective immediately, means that the size of the Board will be four members. Messrs. Sallwasser and Shallcross will each serve on the audit committee, the compensation committee and the corporate governance and nominating committee and their terms will expire at the Company’s 2019 Annual Meeting of Stockholders and until such time as their successors are duly elected and qualified, or until their earlier resignation or removal.
There are no family relationships between either Mr. Sallwasser or Mr. Shallcross and any of the Company’s directors or executive officers and neither Mr. Sallwasser nor Mr. Shallcross has any direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K. other than as described below, there were no arrangements or understandings by which either Mr. Sallwasser or Mr. Shallcross was named as a member of the Board.
It is anticipated that Messrs. Sallwasser and Shallcross will each receive compensation as a non-employee director in the form of cash and equity, the amounts of which have yet to be determined.
A copy of the press release issued by the Company announcing the election of Paul Sallwasser and Steven A. Shallcross to the Board is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 | Newgioco Group, Inc. Press Release dated June 17, 2019 |
Newgioco Group, Inc. Exhibit
EX-99.1 2 exhibit_99-1.htm PRESS RELEASE Sports Betting Technology Provider Newgioco Appoints Two Experienced and Independent Directors to its Board New York,…
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About Newgioco Group, Inc. (OTCMKTS:EMGL)
Newgioco Group, Inc., formerly Empire Global Corp. is a licensed gaming operator. The Company offers Web-based and land-based gaming services in Italy. The Company’s product offering includes a range of online and offline lottery and casino gaming, as well as sports betting and online poker. The Company’s Website and shops offer gaming line-up, including sports betting, online casino, poker, bingo, skilled and interactive games, virtual sports and horse racing. Its sports betting offer both pre-live and live in-game betting opportunities for a range of sports. Its online casino offers casino games, live casino, poker, bingo and interactive skilled games. The Company offers poker games, such as Texas Hold’em and Omaha in both cash and tournament format. The Company has approximately 1,070 Web-based betting shops, over three corner and approximately two agency locations operating under its license.
