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GLXZ - Former Galaxy Gaming Majority Shareholder Is Not Going Quietly
Galaxy Gaming Inc
Proxy Battle
Late on the first Friday in August, a proxy battle started at Galaxy Gaming, Inc. (GLXZ). Robert Pietrosanto teamed up with the company’s founder and former majority shareholder Robert Saucier to nominate a slate of three alternate board members. If elected, they would constitute a majority of the board of directors – effectively wrestling control away from the current board and management.
By definition, a proxy battle is a mudslinging contest. It is always interesting to see the dissenting shareholder arguments for change. This proxy points to a pattern of “irresponsible