/biz/ - Business & Finance

>>55221772
Termination of President and Chief Executive Officer
On June 5, 2023, the Board of Directors (the “Board”) of the Company terminated Matthew Furlong as President and Chief Executive Officer of
the Company, effective immediately such that, after giving effect to such termination, Mr. Furlong was no longer employed by GameStop Texas Ltd.,
the Company, or any of their affiliates. Subject to Mr. Furlong’s timely execution of a Separation and Release Agreement (and non-revocation in the
time provided to do so), which includes a release of claims against the Company and its affiliates, Mr. Furlong will be entitled to receive the payments
and benefits associated with a termination without Cause, as such term is defined in Mr. Furlong’s offer letter dated June 9, 2021 from GameStop Texas
Ltd., which was originally filed as Exhibit 10.1 attached to the Company’s Current Report on Form 8-K filed with the Securities and Exchange
Commission on June 9, 2021.
Board of Director Changes
On June 5, 2023, Mr. Furlong resigned as a director of the Company, effective immediately. Mr. Furlong’s resignation did not result from any
disagreement with the Company on any matter relating to the Company’s operations, policies or practices. In connection with Mr. Furlong’s resignation,
the Board reduced the size of the Board to five. Additionally, as further disclosed in Item 8.01 to this Current Report on Form 8-K, the Board appointed
Ryan Cohen as Executive Chairman of the Company and Alain Attal as the Lead Independent Director of the Board.

>>55130930
NICE SHOES, FREN!