Investor Presentaiton
GameStop Continued to Underperform Even After 2019 Changes
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On March 21, 2019, the Company appointed
a new CEO
Hopeful that Mr. Sherman would lead the
Company on a change agenda, we agreed to
resolve our differences with the appointment
of two directors; our Cooperation Agreement
was announced on April 1, 2019
However, performance did not improve, even
as GameStop undertook additional self-
directed changes
GameStop refused to accept our input
during 2019
S&P 500
Dow Jones Specialty Retailers
2019 Peer Group
2020 Peer Group
TSR During Cooperation Agreement
April 1, 2019 - March 11, 2020
GameStop
-60%
-48%
-16%
-7%
-3%
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
TSR Declined -60% During Cooperation Agreement
restore
GameStop
Source: FactSet.
Note: 2019 and 2020 Peer Group as defined on page 5. Peers are market-cap weighted.
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