Business Context and Reporting Period
This Form 8-K Current Report is filed by Lottery.com Inc. (trading as Sports Entertainment Gaming Global Corp, ticker SEGG) for the reporting period of November 30, 2025. The filing addresses significant changes in corporate governance and executive leadership.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial statement data.
Material Changes
- Executive Termination: Matthew McGahan was terminated immediately from his roles as Chief Executive Officer, President, Secretary, and Chairman of the Board. He will remain a director until the 2025 annual shareholder meeting and will no longer serve in subsidiary roles.
- Interim Leadership Appointment: Robert Stubblefield was appointed Interim Chief Executive Officer, Interim President, and Secretary, effective November 30, 2025. He retains his existing role as Chief Financial Officer. His interim tenure is expected to last until March 31, 2026, or until a permanent CEO is identified.
- Board Leadership Change: Marc Bircham was elected Chairman of the Board, effective November 30, 2025. He continues to serve as Director of Business Development for Sports.com.
Outlook, Risks, and Unusual Items
Compensation and Agreements: The separation agreement with Mr. McGahan is being finalized and is expected to include customary terms regarding severance and equity. A subsequent 8-K amendment will be filed upon finalization. The Board has not yet determined Mr. Stubblefield's compensation for his interim roles; a written agreement is pending Board approval and will be disclosed in a future filing.
Risks and Contingencies: The filing highlights the transition period for executive leadership. No specific financial risks or contingencies are detailed in this document.
Investor Verification Checklist
- Verify the terms of the separation agreement with Matthew McGahan once the amended 8-K is filed.
- Monitor for the filing of a written compensation agreement for Interim CEO Robert Stubblefield.
- Confirm the date of the 2025 annual shareholder meeting to determine when Mr. McGahan's directorship expires.
- Review upcoming filings for the search status of a permanent Chief Executive Officer.