Summary by Moomoo AI
GameStop announced the appointment of Nathaniel Turner, Chairman and CEO of Collectors Holdings, Inc., to its Board of Directors on November 18, 2024. The Board has been expanded from five to six members, with Turner's term set to expire at the 2025 Annual Meeting of Stockholders.The appointment follows GameStop's October 2024 collaboration with Collectors Holdings' PSA division, making GameStop an authorized PSA dealer for trading card authentication and grading services across select U.S. stores. The collaboration has generated approximately $1.53 million in transactions to date. Turner holds up to 10% equity interest in PSA and additional unvested equity compensation awards at Collectors.Turner will serve as a non-compensated director and has not been appointed to any Board committees. The appointment involves no special arrangements or understandings with other parties regarding his election as director.
