Golden Matrix Group (GMGI) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for October 7, 2024, to elect directors and ratify the appointment of the independent auditor for the fiscal year ending December 31, 2024.

• Proxy materials are distributed primarily via the Internet to reduce costs and environmental impact.

• The record date for voting is August 23, 2024, with 136,678,617 voting shares eligible.

• The company completed the acquisition of MeridianBet Group in April 2024, resulting in a change of control and a new fiscal year end.

Voting matters and shareholder proposals

• Proposal 1A: Election of four directors by all voting shareholders; Proposal 1B: Election of one director by Series C Preferred Stock holders.

• Proposal 2: Ratification of M&K CPAS, PLLC as independent auditor for 2024.

• Shareholders may submit proposals for the 2025 annual meeting by April 28, 2025.

Board of directors and corporate governance

• The board consists of five members, with a mix of executive and independent directors.

• The board is no longer classified; all directors are elected annually.

• Series C Preferred Stock holders have the right to appoint up to two directors if certain ownership thresholds are met.

• Board committees (Audit, Compensation, Nominating/Governance) are composed solely of independent directors.

• The company meets Nasdaq requirements for board independence despite being a controlled company.

• Board diversity matrix is disclosed, meeting Nasdaq diversity objectives.