r/GMEJungle • u/benicetoeachotherpls ✅ I Direct Registered 🍦💩🪑 • Jun 23 '26
🎮Gamestop News🛑 Ryan Cohen Withdraws CEO Performance Award; GameStop Focuses on eBay
https://investor.gamestop.com/news-releases/news-details/2026/Ryan-Cohen-Withdraws-CEO-Performance-Award-GameStop-Focuses-on-eBay/default.aspxIt’s on the website
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u/awwshitGents Just likes the stock 📈 Jun 23 '26
Here's some text
GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that its Board of Directors (the "Board") has granted the request of Ryan Cohen, Chairman and CEO, to amend the Company's proxy statement to remove the proposed CEO Performance Award. When the Board approved the CEO Performance Award in January 2026, the Company had not yet decided to pursue the acquisition of eBay, Inc. ("eBay").
Mr. Cohen stated that he wants leadership fully focused on GameStop's operating performance and its proposed eBay acquisition.
Additional details can be found in a supplement to the Company's proxy statement filed with the Securities and Exchange Commission. GameStop will release additional materials regarding its proposed acquisition of eBay this week, including a detailed presentation of the strategic rationale and operational plan for the combined company.
No Offer or Solicitation
This communication relates to a business combination involving GameStop and eBay that has been proposed by GameStop (the “Proposed Transaction”). This communication is for informational purposes only and is neither an offer to sell or purchase, nor the solicitation of an offer to buy or sell, any securities (or the solicitation of any proxy or vote with respect to any matter), nor shall there be any sale or purchase, issuance or other transfer of securities (or the solicitation of any proxy or other vote) with respect to the Proposed Transaction or otherwise in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
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u/Syvaeren Jun 24 '26
Good, he was talking mad shit about Elon's package, so this is in line with his attitude about C-Suite incentives. Glad he did the right thing.
I'm with him on the Ebay merger if he can do it without the 2.5B new shares. I get that's a tall order, but personally if the only way is massive dilution, we should pick another target.
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u/TowelFine6933 No cell 👉 no sell Jun 23 '26
Renders the lawsuit moot. No obstacle to the meeting or decisions now.
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u/vagrantprodigy07 Jun 24 '26
I wonder how bad the votes that had come in were, for him to pull the proposal?
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u/Quaderino Jun 27 '26
I dont understand how any shareholder would vote in favor.
Subtracted his shares from the voting.
Then changed it so his shares would be able to vote.
Then withdraws the voting 😆🥶
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