GameStop Corp. Files 10-K/A Amendment for Fiscal Year Ended February 3, 2024
Ticker: GME-WT · Form: 10-K/A · Filed: Mar 27, 2024 · CIK: 1326380
| Field | Detail |
|---|---|
| Company | Gamestop CORP. (GME-WT) |
| Form Type | 10-K/A |
| Filed Date | Mar 27, 2024 |
| Risk Level | low |
| Pages | 9 |
| Reading Time | 11 min |
| Key Dollar Amounts | $21.93, $100, $300.0 million, $101.3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: GameStop, 10-K/A, SEC Filing, Annual Report, GME
TL;DR
<b>GameStop Corp. has filed an amended annual report (10-K/A) for the fiscal year ending February 3, 2024, confirming its compliance with SEC filing requirements.</b>
AI Summary
GameStop Corp. (GME-WT) filed a Amended Annual Report (10-K/A) with the SEC on March 27, 2024. GameStop Corp. filed an amendment (10-K/A) to its annual report for the fiscal year ended February 3, 2024. The company is incorporated in Delaware and its principal executive offices are located in Grapevine, Texas. GameStop Corp. is registered under the Securities Exchange Act of 1934. The company's Class A Common Stock is traded under the symbol GME on the NYSE. This filing indicates GameStop Corp. has been subject to Section 13 or 15(d) filing requirements for the past 90 days and has submitted all required reports.
Why It Matters
For investors and stakeholders tracking GameStop Corp., this filing contains several important signals. This amendment provides updated or corrected information for the fiscal year 2023, which is crucial for investors to have the most accurate financial and operational data. As a publicly traded company, GameStop Corp.'s adherence to SEC filing regulations, including timely amendments, is essential for maintaining transparency and investor confidence.
Risk Assessment
Risk Level: low — GameStop Corp. shows low risk based on this filing. The filing is an amendment to a standard annual report, indicating routine updates rather than significant new negative information.
Analyst Insight
Review the specific changes and additions within the 10-K/A filing to understand the nature of the amendments made by GameStop Corp.
Key Numbers
- February 3, 2024 — Fiscal Year End (The period covered by the annual report)
- 2023 — Fiscal Year (Indicates the relevant fiscal year for the report)
- 1-32637 — Commission File Number (SEC file number for GameStop Corp.)
- 0001326380 — Central Index Key (Unique identifier for GameStop Corp. in SEC filings)
Key Players & Entities
- GameStop Corp. (company) — Registrant name
- February 3, 2024 (date) — Fiscal year end date
- Delaware (jurisdiction) — State of incorporation
- Grapevine, Texas (location) — Principal executive offices location
- GME (ticker) — Trading symbol for Class A Common Stock
- NYSE (exchange) — Exchange where Class A Common Stock is registered
- 0001326380-24-000016 (accession_number) — Accession number for the filing
- 20240327 (date) — Filing date
FAQ
When did GameStop Corp. file this 10-K/A?
GameStop Corp. filed this Amended Annual Report (10-K/A) with the SEC on March 27, 2024.
What is a 10-K/A filing?
A 10-K/A is a amendment to a previously filed annual report, correcting or updating financial statements or disclosures. This particular 10-K/A was filed by GameStop Corp. (GME-WT).
Where can I read the original 10-K/A filing from GameStop Corp.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by GameStop Corp..
What are the key takeaways from GameStop Corp.'s 10-K/A?
GameStop Corp. filed this 10-K/A on March 27, 2024. Key takeaways: GameStop Corp. filed an amendment (10-K/A) to its annual report for the fiscal year ended February 3, 2024.. The company is incorporated in Delaware and its principal executive offices are located in Grapevine, Texas.. GameStop Corp. is registered under the Securities Exchange Act of 1934..
Is GameStop Corp. a risky investment based on this filing?
Based on this 10-K/A, GameStop Corp. presents a relatively low-risk profile. The filing is an amendment to a standard annual report, indicating routine updates rather than significant new negative information.
What should investors do after reading GameStop Corp.'s 10-K/A?
Review the specific changes and additions within the 10-K/A filing to understand the nature of the amendments made by GameStop Corp. The overall sentiment from this filing is neutral.
How does GameStop Corp. compare to its industry peers?
GameStop Corp. operates in the retail sector, specifically focusing on computer and software stores, as indicated by its SIC code.
Are there regulatory concerns for GameStop Corp.?
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.
Industry Context
GameStop Corp. operates in the retail sector, specifically focusing on computer and software stores, as indicated by its SIC code.
Regulatory Implications
The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.
What Investors Should Do
- Analyze the specific amendments made in the 10-K/A filing to understand any changes from the original 10-K.
- Monitor future SEC filings from GameStop Corp. for ongoing financial and operational updates.
- Review the company's stock performance and market sentiment in conjunction with this filing.
Key Dates
- 2024-02-03: Fiscal Year End — End of the reporting period for the 10-K/A filing.
- 2024-03-27: Filing Date — Date the 10-K/A amendment was filed with the SEC.
Year-Over-Year Comparison
This is an amended filing (10-K/A), indicating updates or corrections to previously submitted information for the fiscal year ended February 3, 2024.
Filing Stats: 2,675 words · 11 min read · ~9 pages · Grade level 10.4 · Accepted 2024-03-27 17:07:34
Key Financial Figures
- $21.93 — based upon the closing market price of $21.93 per share of Class A Common Stock on th
- $100 — l return assuming (i) the investment of $100 in our Class A Common Stock, the S&P 50
- $300.0 million — ization allowing us to repurchase up to $300.0 million of our Class A Common Stock. The author
- $101.3 million — l 2022. As of February 3, 2024, we have $101.3 million remaining under the repurchase authoriz
Filing Documents
- gme-20240203.htm (10-K/A) — 120KB
- ex311-fy2310xka.htm (EX-31.1) — 7KB
- ex312-fy2310xka.htm (EX-31.2) — 6KB
- gme-20240203_g1.jpg (GRAPHIC) — 686KB
- gme-20240203_g2.jpg (GRAPHIC) — 200KB
- 0001326380-24-000016.txt ( ) — 2328KB
- gme-20240203.xsd (EX-101.SCH) — 2KB
- gme-20240203_lab.xml (EX-101.LAB) — 33KB
- gme-20240203_pre.xml (EX-101.PRE) — 19KB
- gme-20240203_htm.xml (XML) — 5KB
MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Our Class A Common Stock is traded on the New York Stock Exchange ("NYSE") under the symbol "GME". As of March 20, 2024, there were 305,873,200 shares of our Class A Common Stock outstanding. Of those outstanding shares, approximately 230.6 million were held by Cede & Co on behalf of the Depository Trust & Clearing Corporation (or approximately 75% of our outstanding shares) and approximately 75.3 million shares of our Class A Common Stock were held by registered holders with our transfer agent (or approximately 25% of our outstanding shares). As of March 20, 2024, there were 194,270 record holders of our Class A Common Stock . On June 3, 2019, our Board of Directors elected to eliminate our quarterly dividend in an effort to strengthen our balance sheet and provide increased financial flexibility. During the past four fiscal years, we have not declared, and do not anticipate declaring in the near term, dividends on shares of our Class A Common Stock. We currently use, and will continue to use, all available funds and any future earnings for working capital and general corporate purposes, maintaining a strong balance sheet, potential strategic initiatives and capital expenditures. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon results of operations, financial condition, contractual restrictions, including those under the agreements governing our existing indebtedness, and other factors our Board of Directors deems relevant. Stock Comparative Performance Graph The following graph compares the cumulative total stockholder return on our Class A Common Stock for the period commencing February 1, 2019 through February 2, 2024 (the last trading date of fiscal 2023) with the cumulative total return on the Standard & Poor's 500 Stock Index (the "S&P 500") and the Dow Jones Retail
EXHIBITS AND FINANCIAL STATEMENT SCHEDULE
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULE (a) The following documents are filed as a part of this Form 10-K (1) See Index to Consolidated Financial Statements in Part II, Item 8 of the 2023 Annual Report. (2) Financial Statement Schedules required to be filed by Item 8 of this Form 10-K: See Part IV, Item 15(a)(2) of the 2023 Annual Report. (b) Exhibits EXHIBIT INDEX Exhibit Number Description Previously Filed as an Exhibit to and Incorporated by Reference From Date Filed 3.1 Third Amended and Restated Certificate of Incorporation Quarterly Report on Form 10-Q for the fiscal quarter ended August 3, 2013 September 11, 2013 3.2 Certificate of Amendment of the Third Amended and Restated Certificate of Incorporation Current Report on Form 8-K June 3, 2022 3.3 Fifth Amended and Restated Bylaws Current Report on Form 8-K March 6, 2017 4.1 Description of Securities Annual Report on Form 10-K for the fiscal year ended February 1, 2020 March 27, 2020 10.1 Open Market Sale Agreement SM , dated December 8, 2020, by and among GameStop Corp. and Jefferies LLC Current Report on Form 8-K December 8, 2020 10.2 Credit Agreement, dated November 3, 2021, by and among GameStop Corp., the Borrowers party thereto, the Guarantors party thereto, the other borrowers and guarantors from time to time party thereto, the lenders and issuers from time to time party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Collateral Agent and Australian Security Trustee, Wells Fargo Bank, National Association, Bank of America, N.A., JPMorgan Chase Bank, N.A., Regions Bank, and Fifth Third Bank, National Association, as Co-Syndication Agents, Wells Fargo Bank, National Association, BofA Securities Inc., JPMorgan Chase Bank, N.A., Regions Bank, and Fifth Third Bank, National Association, as Joint Lead Arrangers and Joint Bookrunners Current Report on Form 8-K November 4, 2021 10.3 Amendment No. 1 to Credit Agreement, dated May 11, 2023, by an
SIGNATURES
SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized. GAMESTOP CORP. By: /s/ DANIEL MOORE Daniel Moore Principal Financial and Accounting Officer Date: March 27, 2024