secwatch.observer — SEC 8-K summary
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Issuer:     GameStop Corp. (GME)
CIK:        0001326380
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001326380-24-000018
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1326380/000132638024000018/0001326380-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1326380/000132638024000018/gme-20240404.htm
  HTML page:      https://secwatch.observer/filing/0001326380-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer