share_log

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

SEC ·  Mar 28 05:10

Summary by Futu 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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.