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Form SC 13G GameStop Corp. Filed by: MAVERICK CAPITAL LTD

February 16, 2021 2:09 PM EST

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

GameStop Corp.

(Name of Issuer)

Class A Common Stock, $.001 par value

(Title of Class of Securities)

36467W109

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 36467W109                

 

  1    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Maverick Capital, Ltd. – 75-2482446

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Texas

NUMBER OF

SHARES

  BENEFICIALLY   

OWNED BY

EACH

REPORTING

PERSON

WITH:

 

      5     

  SOLE VOTING POWER

 

  0

      6     

  SHARED VOTING POWER

 

  4,658,607

      7     

  SOLE DISPOSITIVE POWER

 

  0

    8     

  SHARED DISPOSITIVE POWER

 

  4,658,607

    9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,658,607

  10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

  11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.7%

  12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  IA


CUSIP No. 36467W109                

 

  1    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Maverick Capital Management, LLC – 75-2686461

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

      

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Texas

NUMBER OF

SHARES

  BENEFICIALLY 

EACH

REPORTING

PERSON

WITH:

 

      5     

  SOLE VOTING POWER

 

  0

      6     

  SHARED VOTING POWER

 

  4,658,607

      7     

  SOLE DISPOSITIVE POWER

 

  0

    8     

  SHARED DISPOSITIVE POWER

 

  4,658,607

    9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,658,607

  10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

  11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.7%

  12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  HC


CUSIP No. 36467W109                

 

  1    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Lee S. Ainslie III

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

    

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United States of America

NUMBER OF

SHARES

 BENEFICIALLY 

EACH

REPORTING

PERSON

WITH:

 

      5     

  SOLE VOTING POWER

 

  0

      6     

  SHARED VOTING POWER

 

  4,658,607

      7     

  SOLE DISPOSITIVE POWER

 

  0

    8     

  SHARED DISPOSITIVE POWER

 

  4,658,607

    9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,658,607

  10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

  11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.7%

  12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  IN


CUSIP No. 36467W109                

 

  1    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  Andrew H. Warford

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United States of America

NUMBER OF

SHARES

 BENEFICIALLY 

EACH

REPORTING

PERSON

WITH:

 

     5     

  SOLE VOTING POWER

 

  0

     6   

  SHARED VOTING POWER

 

  4,658,607

     7   

  SOLE DISPOSITIVE POWER

 

  0

     8   

  SHARED DISPOSITIVE POWER

 

  4,658,607

    9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  4,658,607

  10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

  11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  6.7%

  12  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  IN


Item 1(a).

Name of Issuer:

GameStop Corp.

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

625 Westport Parkway

Grapevine, TX 76051

 

Item 2(a).

Names of Persons Filing:

This Schedule 13G (the “Schedule 13G”) is being filed on behalf of each of the following persons (each, a “Reporting Person”):

 

  (i)

Maverick Capital, Ltd.;

 

  (ii)

Maverick Capital Management, LLC;

 

  (iii)

Lee S. Ainslie III (“Mr. Ainslie”); and

 

  (iv)

Andrew H. Warford (“Mr. Warford”).

The Schedule 13G relates to Class A Common Stock (as defined herein) held for the accounts of Maverick Capital, Ltd.’s clients.

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons is:

The address of the principal business office of (i) Maverick Capital, Ltd. and Maverick Capital Management, LLC is 1900 N. Pearl Street, 20th Floor, Dallas, Texas 75201, and (ii) Mr. Ainslie and Mr. Warford is 767 Fifth Avenue, 11th Floor, New York, New York 10153.

 

Item 2(c).

Citizenship:

 

  (i)

Maverick Capital, Ltd. is a Texas limited partnership;

 

  (ii)

Maverick Capital Management, LLC is a Texas limited liability company;

 

  (iii)

Mr. Ainslie is a citizen of the United States; and

 

  (iv)

Mr. Warford is a citizen of the United States.

 

Item 2(d).

Title of Class of Securities:

Class A Common Stock, $.001 par value (“Class A Common Stock”)

 

Item 2(e).

CUSIP Number:

36467W109


                    

 

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)      Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
(b)      Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)      Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)      Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)      An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).
(f)      An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
(g)      A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h)      A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)      A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j)      A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
(k)      Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

 

Item 4.

Ownership.

Ownership as of December 31, 2020 is incorporated by reference to items (5) – (9) and (11) of the cover page of the Reporting Person.

Maverick Capital, Ltd. is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 and, as such, may be deemed to have beneficial ownership of the Class A Common Stock which are the subject of this filing through the investment discretion it exercises over its clients’ accounts. Maverick Capital Management, LLC is the General Partner of Maverick Capital, Ltd. Mr. Ainslie is the manager of Maverick Capital Management, LLC. Mr. Warford serves as the Chairman of the Stock Committee of Maverick Capital, Ltd.

 

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.


Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certification.

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: February 16, 2021

 

MAVERICK CAPITAL, LTD.
By:   Maverick Capital Management, LLC, its General Partner
By:   Lee S. Ainslie III, Manager
By:   /s/ Mark Gurevich
 

Mark Gurevich

  Under Power of Attorney dated March 15, 2018
MAVERICK CAPITAL MANAGEMENT, LLC
By:   Lee S. Ainslie III, Manager
By:   /s/ Mark Gurevich
 

Mark Gurevich

  Under Power of Attorney dated March 15, 2018
LEE S. AINSLE III
By:   /s/ Mark Gurevich
  Mark Gurevich
  Under Power of Attorney dated March 15, 2018
ANDREW H. WARFORD
By:   /s/ Mark Gurevich
  Mark Gurevich
  Under Power of Attorney dated March 16, 2018


EXHIBIT INDEX

 

A.

Joint Filing Agreement, dated February 16, 2021, by and among Maverick Capital, Ltd., Maverick Capital Management, LLC, Lee S. Ainslie III and Andrew H. Warford

 

B.

Power of Attorney, Lee S. Ainslie III, dated March 15, 2018

 

C.

Power of Attorney, Andrew H. Warford, dated March 16, 2018

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with respect to the Class A Common Stock, $.001 par value of GameStop Corp., dated as of February 16, 2021, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934.

 

MAVERICK CAPITAL, LTD.
By:   Maverick Capital Management, LLC, its General Partner
By:   Lee S. Ainslie III, Manager
By:   /s/ Mark Gurevich
 

Mark Gurevich

Under Power of Attorney dated March 15, 2018

MAVERICK CAPITAL MANAGEMENT, LLC
By:   Lee S. Ainslie III, Manager
By:   /s/ Mark Gurevich
  Mark Gurevich
  Under Power of Attorney dated March 15, 2018
LEE S. AINSLE III
By:   /s/ Mark Gurevich
  Mark Gurevich
  Under Power of Attorney dated March 15, 2018
ANDREW H. WARFORD
By:   /s/ Mark Gurevich
  Mark Gurevich
  Under Power of Attorney dated March 16, 2018

Exhibit B

Power of Attorney

KNOW ALL MEN BY THESE PRESENTS, that I, Lee S. Ainslie III, hereby make, constitute and appoint Mark Gurevich as my agent and attorney-in -fact for the purpose of executing (i) in my personal capacity or (ii) in my capacity as manager or other officer or representative of Maverick Capital Management, LLC, Maverick Capital, Ltd. or any affiliate of either, all documents to be filed with or delivered to any foreign or domestic governmental or regulatory body or other person pursuant to any legal or regulatory requirement relating to the issuance, acquisition, ownership, management or disposition of securities or investments, including without limitation all documents required to be filed with the United States Securities and Exchange Commission pursuant to Sections 13 and 16 of the Securities Exchange Act of 1934 and any joint filing agreements pursuant to Rule 13d-1(k).

All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 15th day of March, 2018.

 

/s/ Lee S. Ainslie III
Lee S. Ainslie III

Exhibit C

Power of Attorney

KNOW ALL MEN BY THESE PRESENTS, that I, Andrew H. Warford, hereby make, constitute and appoint Mark Gurevich as my agent and attorney-in-fact for the purpose of executing (i) in my personal capacity or (ii) in my capacity as manager or other officer or representative of Maverick Capital, Ltd. or any affiliate of either, all documents to be filed with or delivered to any foreign or domestic governmental or regulatory body or other person pursuant to any legal or regulatory requirement relating to the issuance, acquisition, ownership, management or disposition of securities or investments, including without limitation all documents required to be filed with the United States Securities and Exchange Commission pursuant to Sections 13 and 16 of the Securities Exchange Act of 1934 and any joint filing agreements pursuant to Rule 13d-1(k).

All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 16th day of March, 2018.

 

/s/ Andrew H. Warford
Andrew H. Warford


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