Investor Presentaiton
GameStop's Board Changes Dates to Manufacture "Tangible Results"
TIMELINE OF GAMESTOP'S ENGAGEMENT & STRATEGIC EFFORTS
Appointment of Carrie
Teffner
to the Board.
Aug 16
2018
New leade hip
appoint mens of Jim,
Announcement of
Bell as End Co, GameStop Reboot Hestiarmit contacted
Chris Homeer as EVP
Hestia submits
letter to the Board
Appointment of George
Sherman as new CEO
Feb 12
Mar 21
and CMO, nd Frank
Hamlin as E and CCO
May 30
strategic plan
Sep 10
Ms. nn to join its
slate of directors.
Ms. Cnn declined.
Feb 26
2019
Jan 16
Mar 14
Apr 19
Nun 11
Sale of
Hestia-Permit announce
Appointment
Spring Mobile for
$700 million
intention
to nominate
Mr.
director candidates
on
with
a-Permit
Hestia-Permit filed a
preliminary proxy statement
nominating Mr. Wolf of Hestia
and Mr. Evans to the Board at
the 2020 AGM
2020
Apr 3
Commement of
modified Dut
auction" tender offer
for up to 12,000,000
shares
Mar 9
Announces appointment of
three new independent.
directors to the Board and
corporate governance
enhancements
MISLEADING
STRATEGIC PLAN BEGINNING TO DELIVER TANGIBLE RESULTS
0.6
0.4
0.2
Total Shareholder Return Since Announcement of GameStop Reboot
0
9/12/20
11/12/201
2/12/2019 1/12/2020
2/12/2020
4/12/2020
5/12/200
-0.2
-0.6
-0.8
Source: Factset
-GameStop
-Russell 2000 Peer Median
From Sept. 12, 2019 throug May 19, 2020. Peers Include: Abercrombie & Fitch, Bed Bath & Beyond, Ascena Retail
Group, Designer Brands, Nordstrom, Dick's Sporting Goods, Signet Jewelers Limited, Michaels Companies, Urban
Outfitters, Gap, Office Dept and Williams-Sonoma
restore
GameStop
GameStop
POWER TO THE PLAYERS
GameStop
POWER TO THE PLAYERS
18
Source: Factset. The "Peers" include the companies cited by the Company on its slide.
Peers
Russell 2000
GameStop
-10.0%
Total Shareholder Return
Sept. 10, 2019 to Sept. 12, 2019
0.2%
2.1%
-12%
-10%
-8%
-6%
-4%
-2%
0%
2%
4%
GameStop's Board claims the announcement of the "GameStop Reboot" Plan is
the right starting date for measuring the performance of the new Board and plan
But the Board used a chart that begins not when the plan was announced, but
rather (without any explanation) two days later, which allows GameStop to avoid
the 10% stock drop that occurred immediately after the plan was announced
The Board seems to be intentionally trying to mislead
stockholders by choosing a more favorable date to remove a
10% loss which occurred after its strategy was announced
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