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Olshan Clients Hestia Capital and Permit Capital Win Proxy Fight At GameStop Corp. to Appoint Two New Directors to the Board

June 15, 2020

Seeking Alpha and Bloomberg Law (subscription required) reported that based on preliminary voting results, Olshan clients Hestia Capital and Permit Capital have won two board seats at GameStop Corp’s annual stockholder meeting, appointing Paul J. Evans and Kurtis J. Wolf, to the GameStop Board of Directors. This victory follows Olshan’s successful representation of Hestia and Permit in a settlement that saw the addition of two independent directors to GameStop’s Board in 2019. The Olshan team that handled the matter included partners Steve Wolosky and Elizabeth Gonzalez-Sussman and associate Arjun Karthikeyan.

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