Business Context and Reporting Period
This Form 8-K is filed by Golden Matrix Group, Inc. (not Meridian Holdings Inc.) on December 12, 2025. The report addresses Item 5.02 regarding the departure of directors and officers and the appointment of new leadership.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to a specific executive severance agreement:
- Total Severance Payment: $951,750
- Escrowed Amount: $537,327
- Released on Dec 12, 2025: $300,000
- Remaining Escrow to be Released: $237,327
Material Changes
Effective December 12, 2025, the following material changes occurred:
- Resignation of CEO: Anthony Brian Goodman resigned as President, Chief Executive Officer, Principal Executive Officer, Secretary, Treasurer, and Board member.
- Severance Finalization: The Severance Agreement with Mr. Goodman became irrevocable following the release of escrowed funds.
- Leadership Appointment: William Scott, previously Executive Chairman, was appointed as Interim Chief Executive Officer and Principal Executive Officer.
- Board Vacancy: A vacancy exists on the Board of Directors due to Mr. Scott's appointment as Interim CEO; the Board has commenced a search for a successor independent director.
Outlook, Risks, and Management Commentary
The filing indicates that the Company intends to appoint a successor independent director as soon as practicable in accordance with its bylaws and applicable law. No specific financial guidance, risk factors, or unusual items beyond the executive transition are disclosed in this report.
Investor Verification Checklist
- Verify the correct registrant name is Golden Matrix Group, Inc. (GMGI), not Meridian Holdings Inc.
- Confirm the total cost of the executive severance package ($951,750) and its impact on cash reserves.
- Monitor the timeline for the appointment of a new independent director to fill the Board vacancy.
- Review the prior December 2, 2025 Form 8-K for additional details on the initial severance agreement and Mr. Scott's background.