Business Context and Reporting Period
This Form 8-K is a current report filed by Take-Two Interactive Software, Inc. on September 6, 2013. The filing addresses a correction to information previously disclosed in the Company's 2013 annual proxy statement dated July 29, 2013, regarding Board of Directors meeting attendance during the fiscal year ended March 31, 2013.
Key Financial Metrics
This filing does not contain financial data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes Versus Prior Period
The filing corrects an administrative error in the calculation of Board meetings and attendance percentages for fiscal 2013:
- Board Meetings: Corrected from seven meetings to eight meetings.
- Director Attendance (Mr. Robert A. Bowman):
- Previously Reported: Attended 8 of 11 meetings (approximately 73%).
- Corrected: Attended 9 of 12 meetings (75%).
- Compliance Status: The correction confirms that Mr. Bowman, like all other directors, attended at least 75% of the meetings of the Board and committees on which he served.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The sole purpose is to rectify the clerical error in the prior proxy statement.
Key Facts for Investor Verification
- Verify the corrected Board meeting count (8) and Mr. Bowman's attendance rate (75%) in the Company's governance records.
- Confirm that the correction ensures all directors met the 75% attendance threshold required by the Company's governance standards.
- Note that this filing is non-financial and does not impact the Company's financial statements or operational outlook.