Business Context and Reporting Period
Company: Take-Two Interactive Software, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: August 2, 2016
Context: The filing serves as a Regulation FD disclosure regarding a change in the Company's methodology for reporting non-GAAP financial measures. This change applies to earnings releases beginning with the first fiscal quarter ended June 30, 2016.
Key Financial Metrics
This filing does not contain specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document solely announces a procedural change in financial reporting standards. Specific financial results for the period are referenced as being contained in a separate press release (Exhibit 99.1) but are not detailed within the text of this 8-K.
Material Changes
- Reporting Methodology: The Company is altering its use of non-GAAP financial measures effective with the Q1 2016 earnings release.
- Disclosure Status: The information regarding the non-GAAP measures is furnished, not filed, for the purposes of Section 18 of the Securities Exchange Act of 1934.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) that details the specific changes to non-GAAP measures. No forward-looking guidance, outlook, or specific risk factors are enumerated in the body of this 8-K text.
Legal Disclaimer: The Company explicitly states that the information furnished under Item 7.01 shall not be deemed "filed" and will not be incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review the attached Press Release (Exhibit 99.1) to understand the specific adjustments made to non-GAAP financial measures.
- Verify the impact of these reporting changes on the comparability of historical financial data.
- Confirm the specific non-GAAP metrics being reported in the upcoming Q1 2016 earnings release scheduled for August 4, 2016.