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GameStop | 10-K/A: Annual report (Amendment)

SEC announcement ·  Mar 27 17:10
Summary by Moomoo AI
GameStop Corp., a leading gaming and entertainment products retailer, filed an amended annual report for the fiscal year ended February 3, 2024, with the United States Securities and Exchange Commission. The amendment, filed to correct an editorial error in Item 5 of the original report, also includes new certifications under Section 302 of the Sarbanes-Oxley Act. The company's Class A Common Stock is traded on the New York Stock Exchange under the symbol 'GME'. As of March 20, 2024, the aggregate market value of the voting and non-voting common stock held by non-affiliates was approximately $5.9 billion. GameStop has ceased its quarterly dividend since June 3, 2019, to strengthen its balance sheet and increase financial flexibility. The company has not repurchased shares during fiscal 2023 or...Show More
GameStop Corp., a leading gaming and entertainment products retailer, filed an amended annual report for the fiscal year ended February 3, 2024, with the United States Securities and Exchange Commission. The amendment, filed to correct an editorial error in Item 5 of the original report, also includes new certifications under Section 302 of the Sarbanes-Oxley Act. The company's Class A Common Stock is traded on the New York Stock Exchange under the symbol 'GME'. As of March 20, 2024, the aggregate market value of the voting and non-voting common stock held by non-affiliates was approximately $5.9 billion. GameStop has ceased its quarterly dividend since June 3, 2019, to strengthen its balance sheet and increase financial flexibility. The company has not repurchased shares during fiscal 2023 or fiscal 2022, with $101.3 million remaining under the repurchase authorization. The stock performance graph indicates that GameStop's stock has experienced extreme volatility, including a short squeeze that led to price movements unrelated to operating performance. The company's future plans include using available funds and future earnings for working capital, maintaining a strong balance sheet, potential strategic initiatives, and capital expenditures. Dividend payments will be at the discretion of the Board of Directors, based on various factors including financial condition and contractual restrictions.

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