8-KLeadership Changes

ELECTRONIC ARTS INC. 8-K Report, Executive Changes (May 15, 2007)

Filed May 15, 2007For Securities:EA

Summary

Electronic Arts Inc. (EA) filed an 8-K report on May 15, 2007, primarily to announce the impending retirement of a long-standing board member, M. Richard Asher. Mr. Asher, who has been a Director since 1984, will retire at the Company's Annual Meeting of Stockholders on July 26, 2007. His departure will result in a reduction of the Board of Directors' size from ten to nine members. This filing provides transparency regarding changes in corporate governance. While the retirement of a single director may not immediately signal a strategic shift, it's an important update for investors monitoring the composition and leadership of the company's governing body. The reduction in board size is a subtle corporate action that investors may note as the company moves forward.

Key Highlights

  • 1M. Richard Asher, a Director since 1984, has declared his intention to retire.
  • 2Mr. Asher's retirement will be effective at the Company's 2007 Annual Meeting of Stockholders on July 26, 2007.
  • 3Following Mr. Asher's retirement, the size of EA's Board of Directors will be reduced from ten to nine members.
  • 4The change in board composition is effective immediately upon Mr. Asher's retirement.
  • 5This announcement is made via a Form 8-K filing on May 14, 2007, detailing events from May 10, 2007.
  • 6The filing indicates no other significant corporate events or officer changes.
  • 7Stephen G. Bené, Senior Vice President, General Counsel and Corporate Secretary, signed the report.

Frequently Asked Questions

The primary reason for this 8-K filing is to announce the intention of M. Richard Asher, a long-serving Director of Electronic Arts Inc., to retire from the Board of Directors.

Mr. Asher's retirement will become effective at Electronic Arts Inc.'s 2007 Annual Meeting of Stockholders, which is scheduled for July 26, 2007.

Yes, effective immediately upon Mr. Asher's retirement, the size of the Board of Directors will be reduced from ten members to nine members.

No, this 8-K filing specifically focuses on the retirement of M. Richard Asher and the subsequent reduction in board size. No other officer or director changes are mentioned in this report.