8-KRegulation FDExhibits & Filings

ELECTRONIC ARTS INC. 8-K Report, Regulation FD Disclosure (Feb 6, 2014)

Filed February 6, 2014For Securities:EA

Summary

Electronic Arts Inc. (EA) filed an 8-K on February 6, 2014, to disclose a delay in the release of its highly anticipated game, Titanfall, for the Xbox 360 console. The North American release was pushed back to March 25, 2014, and the European release to March 28, 2014. Importantly, EA stated that these release date adjustments are not expected to impact their non-GAAP guidance for fourth quarter fiscal year 2014 revenues or earnings, providing some comfort to investors concerned about immediate financial repercussions. While the Xbox 360 version faced a delay, EA confirmed that the release dates for the Xbox One and PC versions of Titanfall remain on track for March 11 and March 13, 2014, respectively. This filing also included standard forward-looking statement disclaimers, referencing previous SEC filings for a comprehensive overview of potential risks and uncertainties that could affect future results.

Key Highlights

  • 1Titanfall release for Xbox 360 delayed to March 25 (North America) and March 28 (Europe), 2014.
  • 2Release dates for Titanfall on Xbox One and PC remain unchanged (March 11 and March 13, 2014, respectively).
  • 3EA expects no impact on Q4 FY14 non-GAAP revenue or earnings guidance due to the Xbox 360 delay.
  • 4The announcement was made via a blog post on EA's website, filed as an exhibit to the 8-K.
  • 5The filing includes customary forward-looking statement language and refers investors to prior SEC filings for detailed risk factors.

Frequently Asked Questions

The primary reason for this 8-K filing is to publicly disclose a delay in the release dates for the Xbox 360 version of the game Titanfall and to provide an update on the financial impact of this delay.

According to EA, the planned release date changes for the Xbox 360 version of Titanfall are not expected to affect the company's non-GAAP guidance for fourth quarter fiscal year 2014 revenues or earnings.

No, the release dates for the Xbox One and PC versions of Titanfall remain unchanged and are scheduled for March 11, 2014, in North America and March 13, 2014, in Europe.

The filing directs investors to review EA's Quarterly Report on Form 10-Q for the quarter ended December 31, 2013, and its Annual Report on Form 10-K for the fiscal year ended March 31, 2013, as well as other documents filed with the SEC for a discussion of risks and uncertainties.