Bragg Gaming Group CEO Matevž Mazij has offered his resignation from the supplier’s board of directors following the voting results from the company’s AGM on Thursday, 18 June.
During the shareholder vote, Mazij only received 44.3% of votes in favour of his re-election to the board, thus lacking the majority needed to be re-instated.
On a per-vote basis, Mazij received backing from holders of 5,008,342 shares versus 6,288,503 opposed to his re-election.
Mazij will continue to serve as a director until the resignation offer is accepted and becomes effective, his successor is appointed, or within 90 days from 18 June, which would be 16 September.
As part of the SEC filing informing shareholders of the AGM and its agenda, the document confirmed that Mazij received total compensation of $898,272 for 2025. He also holds 3,395,000 shares in the business, or 13.28% of the common stock.
Mazij became Bragg CEO in 2023, having replaced Yaniv Sherman in the post. At the time, Mazij had been serving as chair. He was the founder and CEO of Oryx Gaming, which Bragg acquired in 2018.
In April 2024, Mazij stepped down as chair but retained his CEO role. He was replaced by Holly Gagnon in the position.
The SEC filing also showed that from 25 April 2025 onwards, Bragg entered into a consulting agreement with Mazij and Vela Consulting.
The terms of the agreement meant Mazij was entitled to an annual payment of €485,000 for his services.
Mr. Mazij could also receive an additional performance-based fee with a target of up to 150% of the annual fee, subject to the discretion of the company’s compensation committee and the approval of the board.
In the event of Mazij being ousted from the company without cause, Bragg would be on the hook to pay him 12 months’ worth of fees, including the annual payment and performance-based fees.
Fellow board members Gagnon, Mark Clayton, Thomas Winter, Donald Robertson and Aaron Baryoseph were all re-elected to their respective board positions.
Clayton and Golden Nugget Online Gaming founder Winter were approved by more than 99%, while Gagnon, the former chair, and Baryoseph had the lowest backings at 83.9% and 82.69%, respectively.
Last month, Bragg appointed Tekkorp Capital founder Matt Davey as a non-executive chair of its board.
Davey, who purchased one million shares in Bragg in February, replaced Gagnon who switched to an independent director.
This followed the firm’s acquisition of multi-studio Drayton International in an all-stock deal.
Bragg, which is dual listed, in New York and Toronto, took control of 100% of the equity interests of Drayton for 4.5 million newly issued Bragg common shares priced at $2 each.
Davey will have around a 10% ownership stake in the combined business once the transaction completes.
Bragg reported revenue of €25.7m for the first quarter of 2026, as the firm continued its pivot towards an AI-first mindset.
Arnold Ash is EGR’s executive recruitment partner. It supports ambitious organisations to identify and attract industry leading executive talent. Find out more here.
The post Bragg CEO to resign from board following shareholder vote first appeared on EGR Intel.
Matevž Mazij offers to quit after failing to gain a majority of votes needed to be re-elected during the supplier’s AGM
The post Bragg CEO to resign from board following shareholder vote first appeared on EGR Intel.