Most of GameStop's board to step down

The planned exits, first reported by the Wall Street Journal, include Reggie Fils-Aimé, who was appointed to the board last March and who had previously become a gaming industry celebrity as the long-time president of Nintendo's American division.

• Also leaving is Kathy Vrabeck, a former executive at Activision. Her plan to exit was announced in January.
• That will leave the board with far less games industry expertise.

Between the lines: Cohen has been calling for a company shake-up since late last year, pushing for a shift to digital sales.

• In early March, GameStop announced that Cohen would chair a "strategic planning and capital allocation committee" to figure out the company's future. None of the eight departing board members were on it.