Company: LTRYW
Filing Date: 2025-02-10
Form Type: DEF 14A
Source: 0001493152-25-005681
Chunk: 13

Company: Lottery.com Inc.
Filing Date: 2025-02-10
Form: DEF 14A
Chunk 13
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 Securities Exchange Act of 1934, as amended (the “Exchange Act”), and that each member of the Compensation Committee is “independent” for purposes of service on the Compensation Committee in accordance with Section 10C(a)(3) of the Exchange Act.

Board Structure

The Board retains the flexibility to determine whether the roles of Chairperson and CEO should be combined or separated, based on what the Board believes is in the best interests of the Company at a given point in time. The Board believes that this flexibility is in the best interests of the Company and that a one-size-fits-all approach to corporate governance, with a mandated independent Chairperson, would not result in better governance or oversight.

Currently, Matthew McGahan serves as Chairperson and CEO.

Board Committees and Meetings

The following table summarizes the current membership of each of the standing committees of the Board.

|                       |     | Audit     
 Committee |     | Compensation 
 Committee    |
| Matthew McGahan^      |     |           |     |              |
| Paul S. Jordan*

#      |     | X (Chair) |     | X            |
| Tamer T. Hassan*

#     |     | X         |     | X (Chair)    |
| Christopher Gooding*+ |     | X         |     | X            |
| Warren                
 Macal*~               |     |           |     |              |

| * | Independent     
 director        |
| ^ | Appointed       
 in October 2022 |
| 

# | Appointed       
 in July 2023    |
| + | Appointed       
 in August  2023 |
| ~ | Appointed       
 in April 2024   |

| 8 |

Our Corporate Governance Guidelines provide that all directors are expected to make best efforts to attend all meetings of the Board, meetings of the committees of which they are members and the annual meeting of stockholders.

Audit Committee.All members of the Audit Committee are “independent” in accordance with the Nasdaq Rules and rules of the U.S. Securities and Exchange Commission (the “SEC”) applicable to boards of directors in general and audit committee members in particular. The Board has determined that each member of the Audit Committee is “financially literate” within the meaning of the Nasdaq Rules because each member is able to read and understand fundamental financial statements, including the Company’s balance sheet, income statement and cash flow statement. In addition, the Board has determined that Mr. Jordan qualifies as an “audit committee financial expert” as defined