EA Director Departs; Board and Compensation Changes
Ticker: EA · Form: 8-K · Filed: Aug 5, 2024 · CIK: 712515
| Field | Detail |
|---|---|
| Company | Electronic Arts INC. (EA) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-changes, board-of-directors
Related Tickers: EA
TL;DR
EA director David M. Razzano is out as of July 31st. Board and exec pay changes also filed.
AI Summary
Electronic Arts Inc. (EA) announced on August 1, 2024, the departure of director David M. Razzano, effective July 31, 2024. The company also reported on the election of new directors and changes in officer compensation, alongside the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
Why It Matters
Changes in board composition and officer compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director departures and compensation adjustments, with no immediate financial distress indicated.
Key Players & Entities
- Electronic Arts Inc. (company) — Registrant
- David M. Razzano (person) — Departing Director
- August 1, 2024 (date) — Report Date
- July 31, 2024 (date) — Effective Date of Departure
FAQ
Who is David M. Razzano and what was his role at Electronic Arts?
David M. Razzano was a director at Electronic Arts Inc. and his departure was effective July 31, 2024.
What other items are reported in this 8-K filing?
This filing also covers the election of directors, changes in compensatory arrangements of certain officers, submission of matters to a vote of security holders, and financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 1, 2024.
What is the principal executive office address for Electronic Arts Inc.?
The principal executive office address is 209 Redwood Shores Parkway, Redwood City, California 94065-1175.
What is the fiscal year end for Electronic Arts Inc.?
The fiscal year end for Electronic Arts Inc. is March 31.
Filing Stats: 881 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-08-02 17:34:47
Key Financial Figures
- $0.01 — ange on Which Registered Common Stock, $0.01 par value EA NASDAQ Global Select Marke
Filing Documents
- ea-20240801.htm (8-K) — 59KB
- amendedandrestated2019equi.htm (EX-10.1) — 168KB
- image_0.jpg (GRAPHIC) — 4KB
- 0000712515-24-000040.txt ( ) — 388KB
- ea-20240801.xsd (EX-101.SCH) — 2KB
- ea-20240801_lab.xml (EX-101.LAB) — 21KB
- ea-20240801_pre.xml (EX-101.PRE) — 12KB
- ea-20240801_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Company's Annual Meeting, held on August 1, 2024, the stockholders of the Company voted on the following proposals and cast their votes as described below: 1. Election of Directors. The individuals listed below were elected to serve on the Board of Directors of the Company (the "Board") until the next annual meeting of stockholders or until his or her successor is elected and qualified. For Against Abstain Broker Non-Vote Kofi A. Bruce 226,233,439 1,955,335 381,701 13,301,346 Rachel A. Gonzalez 219,839,892 8,431,937 298,646 13,301,346 Jeffre y T. Huber 219,849,623 8,441,067 279,785 13,301,346 Talbott Roche 220,806,870 7,484,693 278,912 13,301,346 Richard A. Simonson 219,064,491 9,225,510 280,474 13,301,346 Luis A. Ubi as 209,945,225 18,341,740 283,510 13,301,346 Heidi J. Ueberroth 225,292,744 3,001,474 276,257 13,301,346 Andrew Wilson 211,219,910 16,402,328 948,237 13,301,346 2. Advisory vote to approve named executive officer compensation. For Against Abstain Broker Non-Vote 199,628,871 27,986,933 954,671 13,301,346 3. Ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2025. For Against Abstain 218,027,965 23,463,049 380,807 4. Approve the Company's Amended and Restated 2019 Equity Incentive Plan. For Against Abstain Broker Non-Vote 211,194,934 16,515,081 860,460 13,301,346
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amended and Restated 2019 Equity Incentive Plan* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). *Management contract or compensatory plan or arrangement INDEX TO EXHIBITS Exhibit No. Description 10.1 Amended and Restated 2019 Equity Incentive Plan* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). *Management contract or compensatory plan or arrangement SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ELECTRONIC ARTS INC. Dated: August 2, 2024 By: /s/ Jacob J. Schatz Jacob J. Schatz EVP of Global Affairs, Chief Legal Officer and Corporate Secretary