GameStop traded higher Wednesday after the videogame retailer proposed a new pay package for CEO Ryan Cohen designed to incentivize “extraordinary growth.”The proposal, which will go to a shareholder vote in March or April,

Headquartered in Grapevine, Texas, GameStop is the world’s largest video game retailer. Founded in Dallas in 1984 as Babbage’s and renamed GameStop in 1999, the company’s performance declined in the mid-to-late 2010s due to the shift to online gaming sales and unsuccessful smartphone retail investments.