/biz/ - Business & Finance

The offering is indeed a poison pill.

Here's a document from may 2020.


http://news.gamestop.com/static-files/09f9491c-d15e-4db2-acab-3a356289db5d

page 26

Class-leading stockholder engagement program: our Board engaged with stockholders representing 87% of outstanding shares as of April 20, 2020, over the last year


Governance Provisions Protecting Stockholder Rights–

Declassified Board to allow stockholders to vote on director elections annually–

Majority voting standard with plurality carve-out for contested director elections–

No poison pill–

No poison pill–

No poison pill–

Proxy Access (3%/3 years/25% seats)–

No dual-class stock