GameStop Corp. (NYSE:GME) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 7, 2018, upon authorization of its Board of Directors, GameStop Corp. (the “Company”) terminated the employment of Tony D. Bartel and Michael P. Hogan, effective immediately. Prior to the termination of his employment, Mr. Bartel served as the Company’s Chief Operating Officer; and prior to the termination of his employment, Mr. Hogan served as the Company’s Executive Vice President, Strategic Business and Brand Development.
The terminations of Mr. Bartel and Mr. Hogan were without cause and they will receive payments and benefits provided for in their respective employment agreements. A copy of Mr. Bartel’s employment agreement is an exhibit to a Current Report on Form 8-K filed by the Company on May 13, 2013. A copy of Mr. Hogan’s employment agreement is an exhibit to an Annual Report on Form 10-K filed by the Company on April 2, 2014.
About GameStop Corp. (NYSE:GME)
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment. Each of the Video Game Brands segments consists of retail operations, with all stores engaged in the sale of new and pre-owned video game systems, software and accessories. Its Video Game Brands stores sell various types of digital products, including downloadable content, network points cards, prepaid digital, prepaid subscription cards and digitally downloadable software, and also sell certain mobile and consumer electronics products and collectible products. Its Technology Brands segment includes its Spring Mobile and Simply Mac businesses.