Galaxy Gaming extends CEO Matt Reback’s employment through May 2029

Galaxy Gaming, Inc. (OTCQB: GLXZ) entered an Amended and Restated Employment Agreement with president and chief executive officer Matt Reback, effective September 1, 2026, extending his employment through May 31, 2029 and resetting compensation, bonus eligibility, and equity grants.

Galaxy Gaming locked in a multi-year reset of its chief executive’s contract, pairing a longer term with stepped cash pay and a fresh equity overlay.

Amended CEO employment agreement

On September 18, 2026, Galaxy Gaming, Inc. entered an Amended and Restated Employment Agreement, effective September 1, 2026, with Matt Reback, the company’s president and chief executive officer. The Form 8-K says the agreement, among other things, extends his employment through May 31, 2029.

Base compensation is set at $367,500 for the one-year period ending August 31, 2027 and $385,000 for the remainder of the term. Reback remains eligible for an annual discretionary bonus with a target equal to 75% of base salary, based on individual and corporate performance objectives established by the board.

Equity grants

The agreement provides for a stock option to purchase 150,000 shares of common stock at a strike price of $1.656—the price per share of Galaxy Gaming common stock as reported on OTC Markets on the grant date. Vesting is scheduled as 50,000 shares on September 1, 2027; 50,000 on September 1, 2028; and 50,000 on September 1, 2029. It also provides for a conditional grant of 150,000 shares of restricted stock subject to Reback meeting target criteria established by the board based on metrics concluding on December 31, 2028.

The agreement contains customary restrictive covenants, including non-competition, non-solicitation of partners, non-disclosure, and non-disparagement provisions. Item 5.02 incorporates the Item 1.01 description by reference. Exhibit 10.1 is the amended agreement; the Form 8-K was signed by chief financial officer Steven Kopjo and dated September 21, 2026.