DEF 14A: Golden Matrix Group Announces 2024 Annual Meeting of Stockholders

Golden Matrix Group will hold its 2024 annual meeting on October 7, 2024, to vote on the election of directors and the ratification of the appointment of auditors.

Summary

• Golden Matrix Group, Inc. will hold its 2024 annual meeting of stockholders on October 7, 2024, in Las Vegas.
• Stockholders of record as of August 23, 2024, are entitled to vote.
• The meeting will include voting on the election of four members to the Board of Directors, one member to the Board of Directors for holders of Class C Preferred Stock only, and the ratification of M&K CPAS, PLLC as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
• The company is utilizing the Securities and Exchange Commission rules that allow issuers to furnish proxy materials to their stockholders on the Internet.
• As of the record date, there were 121,678,617 shares of common stock outstanding, 1,000 shares of Series B Voting Preferred Stock, and 1,000 shares of Series C Preferred Stock outstanding.
• Holders of Series C Preferred Stock have the right to appoint one director.
• The Nominating and Corporate Governance Committee has recommended Anthony Brian Goodman, Weiting Cathy Feng, Thomas E. McChesney, Murray G. Smith, and William Scott for election as directors.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in tone. It provides necessary information for shareholders to make informed decisions.

Positives

• The company is utilizing the Securities and Exchange Commission rules that allow issuers to furnish proxy materials to their stockholders on the Internet, lowering costs and reducing environmental impact.
• Stockholders have multiple options for voting, including in person, via the Internet, by phone, by fax, or by mail.

Risks

• The document mentions that the company is a controlled company under Nasdaq Marketplace Rules, which means it is not required to have a majority of independent directors or an independent nominating function.
• The document mentions that Mr. Goodman and Ms. Feng work with other technology companies, and the company does not have written procedures in place to address conflicts of interest that may arise between the company's business and the future business activities of Mr. Goodman and Ms. Feng.

Future Outlook

The document outlines the proposals to be voted on at the 2024 Annual Meeting, including the election of directors and the ratification of the appointment of auditors, indicating the company's focus on corporate governance and financial oversight.

Industry Context

This announcement is a routine part of corporate governance for publicly traded companies, ensuring shareholders have the opportunity to participate in key decisions.

Stakeholder Impact

• Shareholders are directly impacted through their voting rights on key company decisions.
• Employees are indirectly impacted through the election of directors and the ratification of auditors, which affect the overall governance and financial stability of the company.

Next Steps

• Stockholders are encouraged to vote via the Internet, by phone, or by returning a signed proxy card.
• The final voting results will be published in the Company's Current Report on Form 8-K.

Key Dates

Keywords

annual meeting, proxy statement, election of directors, ratification of auditors, Golden Matrix Group, stockholders, corporate governance