Now Most of GameStop’s Board Members Are Bailing on the Company

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Are GameStop‘s (NYSE: GME) activist investors now cleaning house at the board of directors level, or is there a serious disagreement over the company’s future direction?

Days after reporting more senior executives had resigned from the company, the video game retailer revealed in its annual report filing with the Securities and Exchange Commission it was about to experience a mass exodus of directors.

Eight of GameStop’s 13 directors are retiring from the board and it does not have a slate of candidates to replace them. It notes the mass exodus “may disrupt our operations, our strategic focus or our ability to drive stockholder value.”

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