Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Simultaneously with
In connection with her promotion to the role of Chief Financial Officer, Ms.
Saadeh-Jajeh entered into a letter agreement with the Company on
Under the Offer Letter, if Ms. Saadeh-Jajeh's employment is terminated by the Company without Cause (as defined in the Offer Letter), she will be entitled to receive the following severance benefits: (i) an amount equal to six months of her base salary, (ii) an amount equal to six months of COBRA premiums for Ms. Saadeh-Jajeh and her eligible dependents, (iii) any transformation bonus installments which have not already been paid, (iv) the vesting of that portion of any equity award that was otherwise scheduled to vest in the ordinary course during the six month period immediately following her termination date, and (v) any long-term incentive cash award that was otherwise scheduled to vest in the ordinary course during the six month period immediately following her termination date. Ms. Saadeh-Jajeh's eligibility for these severance benefits is subject to her execution of a release of claims against the Company and her compliance with any applicable post-employment covenants.
The foregoing description of the Offer Letter is not complete and is qualified in its entirety by the full text of the Offer Letter, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
No family relationships exist between Ms. Saadeh-Jajeh and any of the Company's directors or other executive officers. There are no other arrangements between Ms. Saadeh-Jajeh and any other person pursuant to which Ms. Saadeh-Jajeh was selected as an officer, nor are there any transactions to which the Company is or was a participant and in which Ms. Saadeh-Jajeh has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
Item 7.01 Regulation FD Disclosure.
On
This information is furnished pursuant to Item 7.01 "Regulation FD Disclosure," and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description Letter Agreement betweenDiana Saadeh-Jajeh andGameStop Corp. executed July 10.1* 7, 2022. 99.1 Press Release, datedJuly 7, 2022 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
* Compensatory plan or arrangement.
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