Former Galaxy Gaming Majority Shareholder Is Not Going Quietly [Seeking Alpha]
GALAXY GAMING INC (GLXZ)
NASDAQ:AMEX Investor Relations:
ir.galaxygaming.com
Company Research
Source: Seeking Alpha
Former Galaxy Gaming Majority Shareholder Is Not Going Quietly Summary Former majority shareholder Robert Saucier attempted a proxy battle at Galaxy Gaming but was shut down for not filing in time. The ongoing litigation with Mr. Saucier is a near-term headwind. Galaxy has a strong legal argument for redeeming Mr. Saucier's shares and should ultimately prevail. Proxy Battle Late on the first Friday in August, a OTCQB:GLXZ By definition, a proxy battle is a mudslinging contest. It is always interesting to see the dissenting shareholder arguments for change. This proxy points to a pattern of “irresponsible and questionable decision making” by management and the board. The first being alleged self-dealing by the company’s CFO, Harry Hagerty. The proxy notes that, in March 2018, Galaxy authorized a $1M share buyback program, yet it has yet to repurchase any shares. It also alleges that, while the CFO was negotiating with shareholders on the company’s behalf, he was also negotiating on his
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News
- Galaxy Gaming® Stockholders Approve Acquisition by Evolution [Yahoo! Finance]Yahoo! Finance
- Galaxy Gaming® Stockholders Approve Acquisition by EvolutionGlobeNewswire
- Galaxy Gaming® Debuts GOS™ Sapphire at Global Gaming Expo 2024GlobeNewswire
- GALAXY GAMING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Galaxy Gaming, Inc. - GLXZBusiness Wire
- GLXZ Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Galaxy Gaming, Inc. Is Fair to ShareholdersBusiness Wire
GLXZ
Sec Filings
- 11/13/24 - Form SC
- 11/13/24 - Form 8-K
- 11/12/24 - Form 10-Q
- GLXZ's page on the SEC website