GameStop appoints Nir Patel as COO, effective May 31, 2022; packages total $3.4M cash + $35M in RSUs

GameStop Corp.

Nir Patel, former Belk CEO and Kohl's executive, becomes GameStop COO effective May 31, 2022.
Base salary $200k; sign-on bonus of $3.4M payable bi-weekly over 24 months; relocation up to $200k.
Initial RSU grant of ~$14M (5yr vest: 10/20/23.3/23.3/23.3%) and buyout RSU grant of ~$21M (3yr vest: 1/3 per year).
Severance includes 6 months salary, COBRA, unpaid bonus installments, and accelerated vesting of certain RSUs if terminated without cause.
Patel brings two decades of retail experience in operations, merchandising, and supply chain.

item 5.02 item 9.01

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Appointed

Nir Patel

Chief Operating Officer

GME · GameStop Corp.

Effective: 2022-05-31
Filed: May 16, 2022, 7:59 PM ET

On May 16, 2022, GameStop Corp. (the “Company”) announced the appointment of Nir Patel , age 40, as the Company’s Chief Operating Officer, effective on or about May 31, 2022.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Nir Patel was appointed as Chief Operating Officer at GameStop Corp..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On May 16, 2022, GameStop Corp. (the “Company”) announced the appointment of Nir Patel , age 40, as the Company’s Chief Operating Officer, effective on or about May 31, 2022.

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Source: SEC EDGAR

accession 0001326380-22-000048

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