# EDGAR Filing Document

**Accession Number:** 0000013156
**File Stem:** 0000950170-23-001296
**Filing Date:** 2023-1
**Character Count:** 5159
**Document Hash:** 1215a8aae56bd81a281c0a78ae5850c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-001296.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0000950170-23-001296

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230125

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Galaxy Gaming, Inc.
- **CENTRAL INDEX KEY:** 0000013156
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-AMUSEMENT & RECREATION SERVICES [7900]
- **IRS NUMBER:** 208143439
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-30653
- **FILM NUMBER:** 23560992

**BUSINESS ADDRESS:**
- **STREET 1:** 6480 CAMERON STREET
- **STREET 2:** SUITE 305
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89118
- **BUSINESS PHONE:** 702-939-3254

**MAIL ADDRESS:**
- **STREET 1:** 6480 CAMERON STREET
- **STREET 2:** SUITE 305
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89118

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURED DIVERSIFIED INVESTMENT LTD
- **DATE OF NAME CHANGE:** 20050622

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURED  DIVERSIFIED INVESTMENT LTD
- **DATE OF NAME CHANGE:** 20020919

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOOK CORP OF AMERICA
- **DATE OF NAME CHANGE:** 20000517

?xml version="1.0" encoding="ASCII"? 8-K

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported):** January 25, 2023

![img155321833_0.jpg](img155321833_0.jpg)

GALAXY GAMING, INC.

**(Exact Name of Registrant as Specified in Its Charter)**

Nevada

**(State or Other Jurisdiction of Incorporation)**

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| | |
|:---|:---|
| 000-30653 | 20-8143439 |
| **(Commission File Number)** | **(IRS Employer Identification No.)** |
| 6480 Cameron Street Ste. 305 |  |
| Las Vegas**,** Nevada | 89118 |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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**(**702**)** 939-3254

**(Registrant's Telephone Number, Including Area Code)**

**N/A**

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each Class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | GLXZ | OTCQB marketplace |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement.**

On January 25, 2023, the Board of Directors ("Board") of Galaxy Gaming, Inc., a Nevada corporation (the "Company"), by unanimous written consent voted to approve a reduction to its compensation arrangements with non-employee directors for the fiscal year 2023.

Targeted aggregate annual Board compensation for 2023 shall be at the revised levels below and shall continue to be paid 60% in cash and 40% in stock. Cash compensation will be paid monthly in arrears and stock compensation will be paid quarterly in arrears with the stock valued at the average daily closing price in the last month of the quarter.

The Board approved the annual Board compensation for 2023 as noted in the table below.

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| | | |
|:---|:---|:---|
| **Annual Compensation Target** | **Annual Compensation Target** | **Annual Compensation Target** |
| <u>Board Member</u> | <u>Audit Committee Chair</u> | <u>Board Chair</u> |
| $127500 | $148750 | $170000 |

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**Item 9.01. Financial Statements and Exhibits.**

None

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: January 27, 2023

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| | |
|:---|:---|
| GALAXY GAMING, INC. | GALAXY GAMING, INC. |
| By: | /s/ Harry C. Hagerty |
|  | Harry C. Hagerty |
|  | Chief Financial Officer  |

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