BRIEF-Gamestop Corp Says George Sherman Will Become Entitled To Accelerated Vesting Of All Of His Outstanding Time-Vested Shares Of Restricted Stock

Reuters2021-04-19

April 19 (Reuters) - GameStop Corp :

* GAMESTOP CORP - GEORGE SHERMAN WILL BECOME ENTITLED TO ACCELERATED VESTING OF ALL OF HIS OUTSTANDING TIME-VESTED SHARES OF RESTRICTED STOCK

* GAMESTOP CORP - SHERMAN HAS VOLUNTARILY AGREED TO ELIMINATION OF ALL OTHER SEVERANCE RIGHTS PROVIDED IN HIS EMPLOYMENT AGREEMENT

* GAMESTOP CORP - ACCELERATED VESTING OF TIME-VESTED RESTRICTED STOCK IS ONE OF SEVERANCE RIGHTS PROVIDED IN SHERMAN'S EMPLOYMENT AGREEMENT WITH COMPANY

* GAMESTOP - SHERMAN HAS ALSO AGREED TO CANCEL HIS 2020 PERFORMANCE-VESTED RESTRICTED STOCK AWARD, WHICH CONSISTED OF 308,477 SHARES OF COMMON STOCK

* GAMESTOP CORP - SUBJECT TO SHERMAN'S REELECTION AT 2021 ANNUAL MEETING OF STOCKHOLDERS, HE HAS AGREED TO CONTINUE TO SERVE AS A DIRECTOR OF COMPANY

* GAMESTOP CORP - SHERMAN HAS DECLINED TO RECEIVE COMPENSATION FOR HIS SERVICE AS A DIRECTOR, BOTH BEFORE AND AFTER SEPARATION DATE

Source: [ID: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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Comments

PaulMardling
2021-04-19
PaulMardling
GME goes BRRRRRRR!
JAGGERCHEW
2021-04-19
JAGGERCHEW
Let’s go baby
MrWeiWei
2021-04-19
MrWeiWei
Ok. Time to fly !

Leave a comment

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