GameStop COO Nir Patel departs effective April 4; receives $102,647 severance and 108,168 RSU acceleration

GameStop Corp.

Chief Operating Officer Nir Patel left GameStop effective April 4, 2024; responsibilities absorbed by existing management team.
Separation agreement provides lump sum payment of $102,646.68 (ten weeks salary, 30% of sign-on bonus, COBRA).
Accelerated vesting of 108,168 restricted stock units (30% of equity that would have vested in next six months).
All other outstanding equity awards forfeited; Patel reaffirms non-compete, non-solicit, and confidentiality covenants.
No replacement named; duties assumed by other members of management.

item 5.02 item 9.01

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Departed

Nir Patel

Chief Operating Officer

GME · GameStop Corp.

Effective: 2024-04-04
Filed: April 4, 2024, 7:59 PM ET

On April 4 , 2024 , GameStop Corp. (together with its affiliates, the “Company”) and Nir Patel, Chief Operating Officer, entered into a Separation Agreement and Mutual Release of Claims (the “Separation Agreement”). The Separation Agreement provides for Mr. Patel’s departure from the Company, effective April 4, 2024, as the Company’s Chief Operating Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nir Patel departed as Chief Operating Officer at GameStop Corp..

Action: departed
Role: Chief Operating Officer

Exact text from the filing

On April 4 , 2024 , GameStop Corp. (together with its affiliates, the “Company”) and Nir Patel, Chief Operating Officer, entered into a Separation Agreement and Mutual Release of Claims (the “Separation Agreement”). The Separation Agreement provides for Mr. Patel’s departure from the Company, effective April 4, 2024, as the Company’s Chief Operating Officer.

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GameStop Corp. filing history →

Source: SEC EDGAR

accession 0001326380-24-000018

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