UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 15, 2005
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GAMESTOP CORP.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-31228 75-2951347
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(Commission File Number) (IRS Employer Identification No.)
2250 William D. Tate Avenue, Grapevine, Texas 76051
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(Address of Principal Executive Offices) (Zip Code)
(817) 424-2000
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Registrant's Telephone Number, Including Area Code
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On March 14, 2005, GameStop Corp. (the "Company") appointed Joseph DePinto
as President. The material terms of Mr. DePinto's employment arrangement are
described in Item 5.02(c) below.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
(c) On March 14, 2005, the Company appointed Daniel DeMatteo to the newly
created position of Vice-Chairman and Chief Operating Officer and Joseph DePinto
as President. Mr. DeMatteo was previously President and Chief Operating Officer
of the Company since its inception in 1996.
Prior to joining the Company, Mr. DePinto, 42, was Vice President of
Operations for 7-Eleven, Inc. since March 2002. Prior to March 2002, Mr. DePinto
was Senior Vice President and Chief Operating Officer of Thornton Quick Cafe &
Market. Prior to joining Thornton Quick Cafe & Market, Mr. DePinto held various
positions within Pepsico, Inc.
Mr. DePinto does not have a written employment agreement with the Company.
However, terms of his employment include a salary of $400,000, a bonus to be
calculated in accordance with the Company's Amended and Restated Supplemental
Compensation Plan and a grant on March 11, 2005 of 200,000 options to acquire
shares of the Company's Class A common stock at a price of $20.25 in accordance
with the Company's Amended and Restated 2001 Incentive Plan. These options vest
in equal increments over three years and expire on March 10, 2015.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GAMESTOP CORP.
(Registrant)
By: /s/ David W. Carlson
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Name: David W. Carlson
Title: Executive Vice President and
Chief Financial Officer
Date: March 15, 2005