Ryan Cohen drops CEO pay award as GameStop pursues eBay acquisition

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Ryan Cohen Withdraws CEO Performance Award; GameStop Focuses on eBay

June 23, 2026 4:20 PM EDT

GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME) (GameStop or the Company) today announced that its Board of Directors (the "Board") has granted the request of Ryan Cohen, Chairman and CEO, to amend the Company's proxy statement to remove the proposed CEO Performance Award. When the Board approved the CEO Performance Award in January 2026, the Company had not yet decided to pursue the acquisition of eBay, Inc. ("eBay").

Mr. Cohen stated that he wants leadership fully focused on GameStop's operating performance and its proposed eBay acquisition.

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