GameStop stockholders approved all proposals at the company’s 2026 annual meeting, clearing the way for a larger share count and advancing the company’s proposed acquisition of eBay.
The amendment to GameStop’s certificate of incorporation to increase authorized Class A common stock passed with 68.7% of votes cast. The company said the added authorization gives it capacity to issue stock for strategic transactions, including the proposed eBay deal.
Stockholders also re-elected all five director nominees, approved the advisory vote on executive compensation, and ratified the appointment of the company’s independent registered public accounting firm.
The vote comes as GameStop has already built a substantial position in eBay. The company said it directly beneficially owns 4,343,725 shares of eBay common stock and has exposure to another 39,046,658 shares through put/call option transactions.
On June 3, 2026, the condition that had limited those put/call pairs to cash settlement was satisfied, giving GameStop and its counterparty the option to settle the transactions in eBay shares instead of cash. GameStop said it does not have voting or dispositive power over those underlying shares unless the contracts are physically settled.
GameStop also disclosed that on May 3, 2026, it delivered a non-binding proposal to eBay’s board to acquire all outstanding eBay shares it does not already own at $125 per share, payable in a mix of cash and GameStop stock.
The annual meeting was held July 7, 2026. The market has reacted to these announcements by moving the company's shares -1.82% to a price of $21.795. For more information, read the company's full 8-K submission here.
