 "GameStop")
GameStop Corp. climbed after saying it intends to elect Ryan Cohen as its next chairman, cementing the activist investor’s influence at the video-game retailer.
Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn’t result from a disagreement over operations, policies or practices.
Cohen will stand for election at the annual meeting on June 9, GameStop said in a statement. It plans to pay all directors entirely in equity, while reducing individual directors’ compensation by about 28%.
GameStop shares rose as much as 4.8% to $186.49 in New
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