Scion Asset Management Voted in Support of GameStop’s Board and Management
Scion Asset Management, LLC (together with its affiliates, Scion) announced that Scion has voted FOR ALL of the 10 nominees proposed by the Board of Directors of GameStop, Inc. As of the record date for GameStops 2020 annual meeting, Scion beneficially owned approximately 3,400,000 shares of GameStops common stock.
- Scion Asset Management, LLC (together with its affiliates, Scion) announced that Scion has voted FOR ALL of the 10 nominees proposed by the Board of Directors of GameStop, Inc. As of the record date for GameStops 2020 annual meeting, Scion beneficially owned approximately 3,400,000 shares of GameStops common stock.
- Scion believes CEO George Sherman, appointed by the Board in 2019, is progressing quickly in reshaping GameStop to thrive into and beyond the coming console upgrade cycle.
- Scion believes that under Sherman, GameStop is approaching its own reboot in a sensible and innovative manner.
- Scion noted that Sherman, along with CFO Jim Bell, have revamped working capital management for improved efficiency.