Business Context and Reporting Period
This Form 8-K Current Report was filed by High Roller Technologies, Inc. (NYSE American: ROLR) on May 20, 2025, covering events occurring on May 16, 2025. The filing addresses significant changes in executive leadership, specifically the departure of the Chief Financial Officer and the appointment of a successor.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- Departure of CFO: Matthew Teinert resigned as Chief Financial Officer effective May 16, 2025. The resignation was not the result of any disagreements regarding the Company's operations, policies, or practices.
- Appointment of CFO: Adam Felman (age 34) was appointed Chief Financial Officer effective May 16, 2025. Mr. Felman previously served as CFO and Board Member of Digital Gaming Corporation until its B2B assets were sold in 2024.
Compensation, Outlook, and Risks
Mr. Felman entered into an employment agreement with the Company's subsidiary, Lunar Ventures Limited. The compensation package includes:
- Base Salary: $300,000 annually.
- Equity Grant: 150,000 stock options and 50,000 restricted stock units (RSUs).
- Vesting Schedule: Equity awards vest in equal quarterly installments over three years, contingent on continued service.
- Option Terms: The stock options have a ten-year term with an exercise price equal to the closing price of the Company's common stock on May 16, 2025.
The filing states there are no family relationships between Mr. Felman and other directors or officers, and no undisclosed material interests in transactions. No specific guidance, outlook, or risk factors regarding future financial performance were disclosed in this report.
Investor Verification Checklist
- Verify the closing stock price on May 16, 2025, to determine the exercise price of the 150,000 options granted to the new CFO.
- Review the full text of the employment agreement (Exhibit 10.1) for additional terms not summarized in the filing.
- Confirm the transition timeline and any interim financial reporting responsibilities during the leadership change.
- Check subsequent filings for any updates on the Company's financial performance or strategic direction under the new CFO.