Amendment to Executive Employment Agreement between GameStop Corp. and Daniel A. DeMatteo (May 31, 2018)
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Summary
This amendment updates the employment agreement between GameStop Corp. and Daniel A. DeMatteo, increasing his base salary from $400,000 to $500,000 effective May 31, 2018. It also clarifies that his 2018 bonus will be calculated as a weighted average based on the old and new salary rates for the respective periods. All other terms of the original employment agreement remain unchanged. Both parties have agreed to these changes as of May 31, 2018.
EX-10.5 6 ex105ddematteoeaamendment.htm EX 10.5 D. DEMATTEO EMPLOYMENT AGREEMENT AMENDMENT Exhibit

Exhibit 10.5

625 WESTPORT PKWY., GRAPEVINE, TX. 76051 P: 817 ###-###-#### F: 817 ###-###-####
May 31, 2018
Mr. Daniel A. DeMatteo
625 Westport Parkway
Grapevine, Texas 76051
RE: Amendment to Executive Employment Agreement
Dear Dan:
This letter agreement (this “Amendment”) amends the Executive Employment Agreement dated May 10, 2013, as amended March 1, 2018 (the “Employment Agreement”) between you (“Executive”) and GameStop Corp. (the “Company”) as follows:
The reference to “$400,000” in Section 3(a) of the Employment Agreement is hereby changed to “$500,000,” effective May 31, 2018.
For the avoidance of doubt, your bonus opportunity for fiscal year 2018 will be determined as a weighted average of: (i) for the portion of fiscal year 2018 preceding the date of this Amendment, your target annual bonus opportunity as in effect prior to the Amendment, and (ii) for the remaining portion of fiscal year 2018 commencing on the date of this Amendment, your target annual bonus opportunity as determined based upon the salary increase described herein.
Except as otherwise set forth in this Amendment, all of the terms and conditions of the Employment Agreement remain unchanged.
To confirm your agreement with the foregoing, please countersign this Amendment in the space below provided.
GAMESTOP CORP.
By: | /s/ Shane S. Kim | |
Name: | Shane S. Kim | |
Title: | Interim CEO |
Agreed on May 31, 2018:
/s/ Daniel A. DeMatteo |
Daniel A. DeMatteo |