Investor Group Urges Stockholders to Vote for Change at GameStop's 2020 Annual Meeting by Electing Its Two Stockholder-Aligned Directors
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=130125&p=irol-irhome
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Source: PR Newswire
PITTSBURGH, April 27, 2020 /PRNewswire/ -- Hestia Capital Partners LP, Permit Capital Enterprise Fund, L.P. and their affiliates (the "Investor Group"), who beneficially own approximately 7.2% of the outstanding common stock of GameStop Corp. (the "Company") (NYSE: GME), announced today that they have mailed a definitive proxy statement, including a WHITE proxy card, to stockholders in conjunction with the Company's 2020 annual meeting of stockholders (the "2020 Annual Meeting"), which is expected to take place virtually in mid-June. The Investor Group also sent a letter to its fellow stockholders detailing why it believes GameStop's recent Board refreshment is insufficient and highlighting the steps the Company must take to maximize value for stockholders. The Investor Group believes the Board remains primarily composed of directors with traditional retail backgrounds and continues to lack critical skillsets and needed perspectives. The Investor Group believes the Board must add s
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