Bragg Gaming Group chief executive Matevž Mazij has offered to resign from the company's board of directors after shareholders declined to give him a majority at the supplier's annual general meeting on 18 June 2026. The outcome is set out in Bragg's results announcement from the Toronto meeting.
Mazij was the only nominee to miss the threshold. He drew 44.33% support, with 55.67% of votes cast against his re-election. Every other director put forward, including Holly Gagnon, Mark Clayton, Thomas Winter, Donald Robertson and Aaron Baryoseph, was re-elected with a clear majority, and auditor MNP LLP was reappointed with 99.71% approval.
Under Bragg's Majority Voting Policy, a director who fails to secure a majority must tender a resignation. The company said Mazij will continue to serve as a director until his resignation offer is accepted and takes effect, or until a successor is appointed, but no later than 90 days after the AGM. Bragg has not announced any change to his position as chief executive, the role he has held since August 2023.
The vote reflects investor frustration with the company's share performance. Bragg, which supplies online casino content and platform technology and is listed on both the Nasdaq and the Toronto Stock Exchange, has seen its stock fall by close to 60% since Mazij took the top job, from around $5.45 in August 2023 to roughly $1.75 by June 2026. A strategic review run during that period concluded without a sale of the business.
A failed director re-election is a rare and pointed signal in this industry, where boards are usually returned without drama. It hands the rest of Bragg's board a clear mandate to address shareholder concerns, and it raises the immediate question of whether a leadership change at executive level follows the boardroom one.
The next markers to watch are whether the board formally accepts the resignation, whether Mazij stays on as CEO once his board seat lapses, and how the company frames its strategic direction at its next results. Full voting details are filed under Bragg Gaming Group's profile on SEDAR+.