Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed by GameStop Corp. (the "Company"), on March 29, 2021,
Chris R. Homeister, Executive Vice President and Chief Merchandising Officer of
the Company, notified the Company of his intent to resign his employment with
the Company citing diminished responsibilities. On April 28, 2021, the Company
and Mr. Homeister entered into a Transition and Separation Agreement (the
"Transition Agreement"). The Transition Agreement provides for Mr. Homeister's
resignation from employment with the Company following a transition period
ending June 2, 2021. Following such resignation and subject to his execution of,
and the irrevocability of, a general release, Mr. Homeister will become entitled
to the payments, rights and benefits associated with a "Good Reason" resignation
under his employment agreement with the Company. Mr. Homeister's employment
agreement with the Company was previously filed as Exhibit 10.2 to the Company's
Current Report on Form 8-K filed with the Securities and Exchange Commission on
May 30, 2019. During his remaining period of employment, Mr. Homeister will
continue to serve as the Company's Chief Merchandising Officer or, if the
Company requests, as a Senior Adviser, to enable an orderly transfer of his
duties to his successor. The foregoing description of the Transition Agreement
is not complete and is qualified by reference to the full text of the Transition
Agreement, a copy of which is filed herewith as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Transition and Separation Agreement, dated April 28, 2021, between
GameStop Corp. and Chris R. Homeister .
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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