Company: LTRYW
Filing Date: 2025-01-30
Form Type: PRE 14A
Source: 0001493152-25-004309
Chunk: 13

Company: Lottery.com Inc.
Filing Date: 2025-01-30
Form: PRE 14A
Chunk 13
---
 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.

Executive Sessions

We currently do not have any employee directors serving on the Board and so do not hold executive sessions.

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 |

In July 2022, we effectively ceased operations (the “Operational Cessation”) when we furloughed the majority of our employees and generally suspended our lottery game sales. Since the Operational Cessation, the Company has had minimal day-to-day operations and has primarily focused its operations on restarting certain of its core businesses. Prior to the Operational Cessation, we had six members on our Board. As of the date of this Proxy Statement, the size of the Board has decreased to three members. Further, all of the members of the Board and all of our principal executive officers who served in such capacities at our prior year’s annual meeting of stockholders have resigned from such positions.

During the fiscal year ended December 31, 2022, our Board, Audit Committee and Compensation Committee held approximately 8, 6 and 5 meetings, respectively.

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. This Annual Meeting is the first held after