Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Stockholders held by Take-Two Interactive Software, Inc. on September 21, 2018, in New York, New York. As of the record date, the company had 113,828,217 shares of common stock issued and outstanding, with 95,661,277 shares represented at the meeting.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting results. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data.
Material Changes
No material financial changes are reported in this document. The filing details the outcomes of three specific shareholder votes:
- Director Elections: Seven individuals were elected to the Board of Directors for a term expiring in 2019. All nominees received majority support, though J. Moses received a higher number of "Withhold" votes (8,982,688) compared to other nominees.
- Executive Compensation: The advisory vote to approve the compensation of named executive officers passed with 81,438,612 votes "For" and 5,432,511 votes "Against."
- Auditor Ratification: The appointment of Ernst & Young LLP as independent auditors for the fiscal year ending March 31, 2019, was ratified with 92,961,625 votes "For."
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The document is strictly limited to the tabulation of shareholder votes.
Investor Verification Checklist
- Verify the specific vote counts for director J. Moses, who received significantly more "Withhold" votes than other board nominees.
- Confirm the approval of the "Say-on-Pay" advisory vote, noting the 5.4 million votes cast against executive compensation.
- Review the company's most recent 10-K or 10-Q filings for actual financial performance metrics, as this 8-K contains none.
- Confirm the term expiration date for the newly elected directors is the 2019 annual meeting.