A group of investors in GameStop Corp has asked the video game retailer to appoint a shareholder nominee on the company’s board.
The group, which consists of Hestia Capital Partners LP, Permit Capital Enterprise Fund LP and their affiliates, in a letter to the board said no current director owns a meaningful stake in the company.
The group said they collectively hold about 7.5% of the company’s shares.
GameStop did not immediately respond to a request for comment. The company’s shares were down nearly 11% in premarket trading.