Golden Matrix Group, Inc. Material Event - What Happened

Hey everyone, let's break down some recent news about Golden Matrix Group, Inc. (GMGI) in a way that makes sense, without all the fancy finance talk. Think of this as me explaining it to you over coffee.

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1. What happened?

So, here's the big news: Golden Matrix Group's Chief Executive Officer (CEO), Anthony Brian Goodman, has stepped down from his role. This was a mutual agreement between Mr. Goodman and the company. Following his departure, William Scott, who was already the Executive Chairman of the Board, has been appointed as the Interim Chief Executive Officer and Principal Executive Officer. Mr. Goodman also resigned from all his other positions, including President, Secretary, Treasurer, and as a member of the Board of Directors for the company and its subsidiaries.

As part of this agreement, Mr. Goodman is receiving a significant severance payment totaling $951,750. A portion of this, $300,000, was released to him on December 12, 2025, with the remaining $237,327 (from an escrowed amount) expected to be released shortly.

2. When did it happen?

This leadership change became official on December 12, 2025. The company officially shared this information with the public in a filing on December 15, 2025, though the initial agreement was disclosed earlier, on December 2, 2025.

3. Why did it happen?

Why did they do this, you ask? Well, the company stated that they mutually agreed to terminate Mr. Goodman's employment. This means both parties came to an agreement that it was time for him to leave the CEO role. While the filing doesn't go into specific reasons, such changes often happen due to strategic shifts, a desire for new leadership, or simply a mutual decision that it's time for a change.

4. Why does this matter?

Okay, so why should you care? This is a big deal because a change at the very top, especially the CEO, can significantly impact a company's direction, strategy, and overall culture. The CEO is like the captain of the ship, so a new captain can mean a new course. It also involves a substantial severance payment, which is a financial consideration for the company. For investors, it signals a period of transition and potential strategic shifts.

5. Who is affected?

Who's feeling the impact of this?

• Golden Matrix Group Employees: They will now be working under new leadership, which could bring new strategies, priorities, and potentially changes in how things are done.
• Anthony Brian Goodman: He has left his roles and received a substantial severance package.
• William Scott: He has taken on a significant new responsibility as Interim CEO, in addition to his Executive Chairman role.
• Customers: While not immediately apparent, new leadership might eventually lead to changes in product offerings, services, or customer experience.
• Investors (that's us!): The value of their shares could react to the news, and the company's future performance will now be guided by new leadership.
• Competitors: Other companies in the same space will be watching closely to see what strategic shifts Golden Matrix Group might make under its new interim leader.

6. What happens next?

So, what's the game plan now? We can expect to see Golden Matrix Group actively searching for a permanent Chief Executive Officer. William Scott is in an interim role, meaning the company will likely be looking for a long-term leader. Additionally, because Mr. Scott's appointment as Interim CEO created a vacancy for an independent director on the Board, the company will also be looking to fill that position as soon as possible. We'll likely hear more updates as they move forward with these searches. The remaining portion of Mr. Goodman's severance payment will also be released to him.

7. What should investors/traders know?

Alright, for those of us watching the stock (GMGI), here's what you might want to consider:

• Leadership Transition: Changes at the CEO level can introduce both uncertainty and opportunity. Investors will be watching closely for signals about the company's future direction under interim leadership and eventually, a permanent CEO.
• Financial Impact: The severance payment is a notable expense for the company.
• Strategic Shifts: A new CEO often means a fresh perspective and potentially new strategies. Keep an eye on future announcements regarding the company's plans.
• Search for Permanent CEO: The process of finding a permanent CEO can take time and will be a key focus for the company. The market will likely react to news about potential candidates or the final appointment.
• Watch for Updates: Pay attention to future company announcements, especially regarding the CEO search and any strategic changes, to see how this leadership transition impacts their overall business.

This is a significant leadership change for Golden Matrix Group, and it's definitely something to keep an eye on as it unfolds!