GameStop (GME) has provided an announcement.
GameStop Corp. has agreed to a separation with COO Nir Patel on April 4, 2024, with the management team absorbing his duties. Patel’s departure terms include a lump sum consisting of ten weeks’ salary, two months of COBRA premiums, and a portion of his sign-on bonus, along with an accelerated vesting of 30% of his upcoming equity awards. This move is part of the company’s broader management restructuring efforts.
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