GameStop 2007 Annual Report Download - page 36

119,000 square foot distribution facility in Brampton, Ontario, Canada; a 120,000 square foot distribution facility in
Milan, Italy; a 67,000 square foot distribution facility in Memmingen, Germany; and a 70,000 square foot
distribution facility in Pinkenba, Queensland, Australia.
In addition to our stores, we lease the following distribution or office facilities: a 260,000 square foot
distribution center in Louisville, Kentucky under a lease which expires in July 2010; a 59,000 square foot
distribution and office facility in Brampton, Ontario, Canada under a lease which expires in December 2016; a
13,000 square foot distribution facility in New Zealand under a lease which expires in April 2010; a 22,000 square
foot distribution facility in Valencia, Spain under a lease which expires in March 2009; a 15,000 square foot office
facility in Valencia, Spain under a lease which expires in August 2009; a 11,700 square foot office facility in
Minneapolis, Minnesota which houses the operations of Game Informer magazine, under a lease which expires in
February 2012; a 15,000 square foot facility in Dublin, Ireland under a lease which expires in January 2013; and a
6,100 square foot office facility in West Chester, Pennsylvania under a lease which expires in June 2009.
Item 3. Legal Proceedings
On February 14, 2005, and as amended, Steve Strickland, as personal representative of the Estate of Arnold
Strickland, deceased, Henry Mealer, as personal representative of the Estate of Ace Mealer, deceased, and Willie
Crump, as personal representative of the Estate of James Crump, deceased, filed a wrongful death lawsuit against
GameStop, Sony, Take-Two Interactive, Rock Star Games and Wal-Mart (collectively, the “Defendants”) and Devin
Moore, 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, Ace
Mealer and James Crump. Moore was found guilty of capital murder in a criminal trial and was sentenced to death in
August 2005.
The Defendants filed a motion to dismiss the case on various grounds, which was heard in November 2005 and
was denied. The Alabama Supreme Court denied the Defendants’ request to appeal and discovery was ordered to
proceed. The Court’s scheduling order anticipated a Frye hearing on April 6, 2007, at which plaintiffs’ causation
theory and experts’ credentials were to be challenged. However, that hearing did not take place and plaintiffs’
Alabama and Florida counsel withdrew. New Alabama counsel has entered their appearance for plaintiffs and a new
scheduling order is expected to be entered by the Court, which we believe will set a new Frye hearing date, a new
close of discovery date and a new trial date. We do not believe there is sufficient information to estimate the amount
of the possible loss, if any, resulting from the lawsuit.
In the ordinary course of our business, the Company is, from time to time, subject to various other legal
proceedings. Management does not believe that any such other legal proceedings, individually or in the aggregate,
will have a material adverse effect on the Company’s financial condition or results of operations.
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 February 2, 2008.
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 NYSE under the symbol “GME.” The Company’s
Class B common stock was traded on the NYSE under the symbol “GME.B” until February 7, 2007 when,
immediately following approval by a majority of the Class B common stockholders in a Special Meeting of the
Company’s Class B common stockholders, all outstanding Class B common shares were converted into Class A
common shares on a one-for-one basis.
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