GameStop Announces Slate of Director Candidates for 2021 Annual Meeting of Stockholders
April 08 2021 - 07:05AM
GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today
announced that it is nominating the following six individuals to
stand for election to its Board of Directors (the “Board”) at the
Company’s Annual Meeting of Stockholders (the “Annual Meeting”) on
June 9, 2021: Alan Attal, Larry Cheng, Ryan Cohen, Jim Grube,
George Sherman and Yang Xu.
The Company also shared updates that
include:
- Following the Annual Meeting, the
Board intends to elect Mr. Cohen as Chairman;
- Following the Annual Meeting, all
directors will be compensated 100% in equity;
- Following the Annual Meeting,
individual director compensation will be reduced approximately 28%
from the prior year, and
- Effective immediately, the Board
has appointed Mr. Grube to serve on the Strategic Planning and
Capital Allocation Committee.
New Director Candidate
Biographies
Larry Cheng is Co-Founder and
Managing Partner of Volition Capital, a leading growth equity
investment firm based in Boston, Massachusetts and the first
investor in Chewy. He has more than two decades of venture capital
and growth equity investing experience based on time at Volition
Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture
Partners. He presently leads the Internet and Consumer team at
Volition, focusing on disruptive companies in e-commerce, internet
services, consumer brands, and digital media and gaming. He
received his bachelor's degree from Harvard College where he
concentrated in Psychology.
Yang Xu is Senior Vice
President of Global Finance and Treasury at The Kraft Heinz
Company. She has more than 20 years of broad experience across the
capital markets, finance, strategic planning, transactions and
business operations in the U.S., Asia and Europe. Prior to The
Kraft Heinz Company, she held roles with Whirlpool Corporation and
General Electric Healthcare. She has a bachelor’s degree in Finance
from Wuhan University, a master’s degree in management from the HEC
School of Management and a master’s in business administration from
the London Business School.
About GameStopGameStop, a Fortune 500 company
headquartered in Grapevine, Texas, is a leading specialty retailer
offering games and entertainment products through its e-commerce
properties and thousands of stores. Visit www.GameStop.com to
explore our products and offerings. Follow @GameStop and
@GameStopCorp on Twitter and find us on Facebook at
www.facebook.com/GameStop.
Additional Information and Where to Find
ItThis filing may be deemed to be solicitation material in
respect of the matters to be considered at the Company’s 2021
annual meeting of shareholders (the “2021 Annual Meeting”). In
connection with the 2021 Annual Meeting, the Company plans to file
with the Securities and Exchange Commission (“SEC”) and
furnish to the Company’s shareholders one or more proxy statements
and other relevant documents. BEFORE MAKING ANY VOTING DECISION,
THE COMPANY’S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT(S)
IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AND ANY OTHER
DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE COMPANY’S
2021 ANNUAL MEETING OR INCORPORATED BY REFERENCE IN THE PROXY
STATEMENTS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE COMPANY’S 2021 ANNUAL MEETING AND THE PARTIES RELATED THERETO.
The Company’s shareholders will be able to obtain a free copy of
documents filed with the SEC at the SEC’s website
at http://www.sec.gov or the Company’s website
at http://investor.GameStop.com.
Participants in the
SolicitationThe directors, executive officers and certain
other members of management and employees of the Company may be
deemed “participants” in the solicitation of proxies from
shareholders in connection with the matters to be considered at the
Company’s 2021 Annual Meeting. Information regarding the persons
who may, under the rules of the SEC, be considered
participants in the solicitation of the shareholders of the Company
in connection with the Company’s 2021 Annual Meeting will be set
forth in the applicable proxy statement and other relevant
documents to be filed with the SEC. You can find information
about the Company’s executive officers and directors in the
Company’s definitive proxy statement in connection with the
Company’s 2021 Annual Meeting when filed with the SEC on Schedule
14A and the Company’s and such persons’ other filings with the
SEC.
Contacts
GameStop Investor
Relations817-424-2001investorrelations@gamestop.com
GameStop Public RelationsJoey
Mooringjoeymooring@gamestop.com
or
ProfileGreg Marose / Charlotte Kiaie
gamestop@profileadvisors.com
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