Posted 28 September, 2023
GameStop Corp. appointed Mr. Cohen as new CEO
NYSE:GME appointed new Chief Executive Officer Mr. Cohen in a 8-K filed on 28 September, 2023.
On September 27, 2023, the Board of Directors (the "Board") of GameStop Corp. (the "Company"), with Ryan Cohen abstaining, unanimously appointed Mr. Cohen, as the President, Chief Executive Officer and Chairman effective immediately.
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
$4.65B
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 27, 2023, the Board of Directors (the "Board") of GameStop Corp. (the "Company"), with Ryan Cohen abstaining, unanimously appointed Mr. Cohen, as the President, Chief Executive Officer and Chairman effective immediately. Mr. Cohen is currently the Executive Chairman but will relinquish such title upon appointment as Chairman. In satisfaction of the disclosure required by Regulation S-K Items 401(b), (d) and (e), the information contained in the Company's Proxy Statement, filed with the Securities and Exchange Commission on May 2, 2023, is incorporated by reference herein. No family relationships exist between Mr. Cohen and any of the Company's other directors or other executive officers. There are no other arrangements between Mr. Cohen and any other person pursuant to which he was selected as an officer, nor are there any transactions to which the Company is or was a participant and in which Mr. Cohen has a material interest subject to disclosure under Item 404(a) of Regulation S-K. In connection with his appointment, Mr. Cohen will assume the role of principal executive officer from Mark H. Robinson effective immediately and his responsibilities will include the oversight of all other executive officers, including Mr. Robinson. Mr. Robinson will remain the Company's General Counsel and Secretary, with responsibilities including administrative matters, corporate development, and legal affairs. Mr. Cohen will not receive any compensation for serving as the Company's President, Chief Executive Officer and Chairman. He will continue to engage in various business activities and pursuits outside of the Company.
Interested in special situations?
Join Tickerverse
- customize event filters
- create watchlists, bookmarks
- get email notifications for the latest special situations
- browse and analyze public companies, executives and SEC filings
Tickerverse is a great way to find investment opportunities in corporate actions.
By signing up you agree to our Terms of Service and Privacy Policy.