x

Posted 21 June, 2021

GameStop Corp. appointed new CEO

CEO Change detected for ticker NYSE:GME in a 8-K filed on 21 June, 2021.


  On June 21, 2021, the Board of Directors (the "Board") of GameStop Corp. (the "Company") appointed the Company's President and Chief Executive Officer, Matthew Furlong, to the Board, effective June 21, 2021, with a term expiring at the Company's 2022 annual meeting of stockholders.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of GameStop Corp.
Retail/Wholesale • Specialty Retail
GameStop Corp. offers games and entertainment products through its ecommerce properties and stores. It operates through the following geographic segments: United States, Canada, Australia, and Europe. Each segment consists primarily of retail operations, including stores and ecommerce properties focused on games, entertainment products, and technology. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. Its pop culture themed stores also sell collectibles, apparel, gadgets, electronics, toys, and other retail products for technology enthusiasts and general consumers in international markets operating under the Zing Pop Culture brand. The company also publishes Game Informer, a print and digital gaming publication. GameStop was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX.
Market Cap
$4.65B
View Company Details
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Newly Appointed Director


On June 21, 2021, the Board of Directors (the "Board") of GameStop Corp. (the "Company") appointed the Company's President and Chief Executive Officer, Matthew Furlong, to the Board, effective June 21, 2021, with a term expiring at the Company's 2022 annual meeting of stockholders.


Mr. Furlong will not receive additional compensation for his service as a member of the Board.


Mr. Furlong was not elected to the Board pursuant to any arrangement or understanding between him and any other persons, and there are no transactions between the Company and Mr. Furlong or any of his immediate family members that require disclosure pursuant to Item 404(a) of Regulation S-K.


Retiring Director


On June 21, 2021, George E. Sherman notified the Company of his resignation from the Board effective immediately. Mr. Sherman's resignation is not because of a disagreement with the Company on any matter relating to the Company's operations, policies or practices.