Business Context and Reporting Period
This Form 8-K is a current report filed by Golden Matrix Group, Inc. (not Meridian Holdings Inc.) on December 2, 2025. The filing reports a material modification to the rights of security holders and amendments to the Company's Bylaws effective December 2, 2025. The registrant is incorporated in Nevada and trades on the NASDAQ Capital Market under the symbol GMGI.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
On December 2, 2025, Aleksandar Milovanović, the majority stockholder holding 93,328,294 shares of common stock and 850 shares of Series C Preferred Stock, unilaterally adopted two amendments to the Company's Bylaws via written consent without a meeting:
- Amendment to Article XIII, Section 45: Restricts the ability to amend or repeal Section 45 itself. Previously, the Board could amend Bylaws; now, Section 45 can only be amended or repealed by the vote or written consent of holders of a majority of outstanding shares entitled to vote.
- Amendment to Article V, Section 28(b): Grants the Chairperson of the Board the sole discretion to suspend or postpone any regular or special meeting of stockholders or the Board (if commenced) or any specific agenda item. Such postponement must be to a future date within 30 days of the original meeting.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future operations. The primary risk disclosed relates to the concentration of control, as the amendments were enacted unilaterally by the majority stockholder without a corporate solicitation or meeting. The Company stated it does not believe a Schedule 14C information statement is required due to the unilateral nature of the action.
Key Facts for Investor Verification
- Verify the exact voting power and share ownership of Aleksandar Milovanović to confirm his ability to unilaterally amend Bylaws.
- Confirm the identity of the current Chairperson of the Board to assess the practical impact of the new postponement powers.
- Review the full text of the amended Bylaws (Exhibit 3.1) to understand the specific limitations on Board authority.
- Check for any subsequent filings regarding shareholder dissent or legal challenges to the unilateral amendments.