GameStop 2004 Annual Report Download - page 25

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alleging that GameStop's salaried retail managers were misclassiÑed as exempt and should have been paid
overtime, in violation of the Fair Labor Standards Act. Kurtz is seeking to represent all current and former
salaried retail managers who were employed by GameStop for the three years before October 20, 2004. Kurtz
is seeking recovery of unpaid overtime, interest, penalties, attorneys' fees and costs. On January 12, 2005,
GameStop Ñled an answer to the complaint and a motion to transfer the action to the Northern District of
Texas, Fort Worth Division. GameStop is awaiting the court's decision on the motion. Management intends to
vigorously defend this action and does not believe there is suÇcient information to estimate the amount of the
possible loss, if any, resulting from the lawsuit.
On February 14, 2005, Steve Strickland, as personal representative of the Estate of Arnold Strickland,
deceased, and Henry Mealer, as personal representative of the Estate of Ace Mealer, deceased, Ñled a
wrongful death lawsuit against GameStop, Sony, Take-Two Interactive and Wal-Mart (collectively, the
""Defendants'') and Devin Moore in the Circuit Court of Fayette County, Alabama, alleging that Defendants'
actions in designing, manufacturing, marketing and supplying Defendant Moore with violent video games were
negligent and contributed to Defendant Moore killing Arnold Strickland and Ace Mealer. PlaintiÅs are
seeking damages in excess of $600 million under the Alabama wrongful death statute. GameStop and the
other defendants are in the process of preparing an initial response and intend to vigorously defend this action.
In the ordinary course of our business, we are from time to time subject to various other legal
proceedings. We do not believe that any such other legal proceedings, individually or in the aggregate, will
have a material adverse eÅect on our operations or Ñnancial condition.
Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted to a vote of security holders during the 13 weeks ended January 29,
2005.
PART II
Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Price Range of Common Stock
The Company's Class A common stock is traded on the New York Stock Exchange (""NYSE'') under
the symbol ""GME''. The Company's Class B common stock began trading on the New York Stock Exchange
(""NYSE'') under the symbol ""GME.B'' on November 12, 2004. As such, there was no public trading market
for the Company's Class B common stock prior to that time.
The following table sets forth, for the periods indicated, the high and low sales prices of the Class A
common stock on the NYSE Composite Tape.
Fiscal 2004
High Low
Fourth Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $23.50 $18.68
Third Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $20.23 $14.87
Second Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $18.18 $14.54
First QuarterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $18.65 $16.29
Fiscal 2003
High Low
Fourth Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $18.57 $14.30
Third Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $18.92 $12.66
Second Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $14.85 $11.55
First QuarterÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $13.00 $ 7.59
18