Company: LTRYW
Filing Date: 2025-12-01
Form Type: 8-K
Source: 0001493152-25-025505
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Company: Lottery.com Inc.
Filing Date: 2025-12-01
Form: 8-K
Item: Item 5.01
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Item
5.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

On
November 30, 2025, after lengthy discussion among the members of the Board of Directors, the Board of Directors (the “ Board”)
of Lottery. com Inc. (the “ Company” or “ SEGG Media) decided to terminate Matthew McGahan from his existing positions
as Chief Executive Officer, President, Secretary and Chairman of the Board of Directors of the Company. The termination is effective
immediately. Mr. McGahan will remain as director of the Company until the expiration of his term at the next (2025) annual meeting of
the Company’s shareholders which is expected to be held before the end of the year. Additionally, Mr. McGahan will no longer serve
in any roles with the Company’s subsidiaries.

The
Company and Mr. McGahan are finalizing a separation and termination agreement, which is expected to include customary terms regarding
severance, equity treatment, confidentiality, non-disparagement, and other relevant provisions. The Company will file an amendment to
this Current Report on Form 8-K once the termination and separation agreement is finalized.

Appointment
of Interim Chief Executive Officer

Effective
November 30, 2025 the Board also appointed Robert Stubblefield to serve as Interim Chief Executive Officer of the Company. The interim
role will last until March 31, 2026 or until the Board identifies a permanent Chief Executive Officer. Mr. Stubblefield will also serve
as interim President and Secretary of the company and will assume the roles that Matthew McGahan had in the various subsidiaries.

In
addition to serving an Interim Chief Executive Officer, Mr. Stubblefield, age 62, will retain in his role as the Company’s Chief
Financial Officer. He was appointed the Company’s CFO on July 14, 2023. Additional biographical information is provided below:

  Prior                                                                                          
  Mr.                                                                                            
  Other                                                                                          

There
are no family relationships between Mr. Stubblefield and any Director or Executive Officer of the Company. Mr. Stubblefield has no related-party
transactions requiring disclosure under Item 404(a) of Regulation S-K.

The
Board of Directors of the Company has not yet determined Mr. Stubblefield’s compensation or agreed to any terms on a written compensation
agreement. The Company will file a Current Report on Form