Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 28, 2021, GameStop Corp. (the "Company") and Jenna Owens, Executive
Vice President and Chief Operating Officer, entered into a Separation and
Release Agreement (the "Separation Agreement"). The Separation Agreement
provides for Ms. Owens' departure from the Company, effective October 25, 2021,
as the Company's Executive Vice President and Chief Operating Officer. The
responsibilities associated with the position are being absorbed by other
members of the Company's management team. Ms. Owens is entitled to the following
severance benefits in accordance with her existing letter agreement with the
Company: (i) six months base pay, (ii) an amount equal to the applicable
premiums for COBRA continuation coverage for six months and (iii) the remaining
portion of her sign-on bonus. Ms. Owens' letter agreement with the Company was
previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K
filed with the Securities and Exchange Commission (the "SEC") on March 23, 2021.
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