Activist firm Hestia Capital is urging shareholders to vote for change and elect its two nominees to the board of directors when GameStop (GME) holds its annual shareholder meeting in mid-June. The stock is currently trading up 6% in pre-market trading on Monday.The firm, which owns approximately 7.2% of GameStop shares, also sent shareholders a letter setting out why it believes GameStop’s recent board refreshment is insufficient.According to Hestia, too many GME directors come from traditional retail backgrounds and “the Board must add stockholder-aligned directors that have the financial acumen, turnaround experience and stockholder perspective to drive real change at …read more
Source:: Yahoo Finance
