8-KEarnings & ResultsLeadership ChangesOther Events+1

ELECTRONIC ARTS INC. 8-K Report, Financial Results (Aug 4, 2021)

Filed August 4, 2021For Securities:EA

Summary

Electronic Arts Inc. (EA) filed an 8-K on August 4, 2021, to report its first fiscal quarter 2021 financial results via press release, declare a cash dividend, and announce executive changes. The company reported its financial results for the quarter ended June 30, 2021. Additionally, EA announced a quarterly cash dividend of $0.17 per share, payable on September 22, 2021, to shareholders of record on September 1, 2021. The filing also disclosed a transition in its accounting leadership, with Senior Vice President and Chief Accounting Officer Kenneth A. Barker retiring from his CAO role but remaining with the company in a senior finance capacity until Spring 2022. Eric Kelly, who has been with EA since 2003 and most recently served as Vice President and Worldwide Controller, has been appointed as the new Chief Accounting Officer.

Key Highlights

  • 1EA reported its financial results for the first fiscal quarter ended June 30, 2021.
  • 2The company declared a cash dividend of $0.17 per share.
  • 3The dividend payment date is September 22, 2021, with a record date of September 1, 2021.
  • 4Kenneth A. Barker, Senior Vice President and Chief Accounting Officer, announced his intention to retire from the CAO position.
  • 5Mr. Barker will remain with EA as Senior Vice President of Finance through Spring 2022.
  • 6Eric Kelly has been appointed as the new Chief Accounting Officer, effective August 13, 2021.
  • 7Eric Kelly has been a long-standing employee of EA, joining in 2003 and holding various finance leadership roles.

Frequently Asked Questions

This 8-K filing primarily serves to announce that EA has released its financial results for the first fiscal quarter ended June 30, 2021, via a press release. The specific financial figures are detailed in the attached press release (Exhibit 99.1), which is not fully reproduced in the 8-K itself but is incorporated by reference.

EA declared a cash dividend of $0.17 per share. This dividend is scheduled to be paid on September 22, 2021, to all stockholders who are on record as of the close of business on September 1, 2021.

The filing announces a leadership transition within EA's accounting department. Kenneth A. Barker is retiring as Chief Accounting Officer but will continue with the company in a different capacity until Spring 2022. Eric Kelly, a seasoned executive with over a decade at EA, has been appointed as the new Chief Accounting Officer, ensuring continuity and leveraging internal expertise.

This specific 8-K filing (Item 2.02) does not contain the detailed financial statements themselves. Instead, it references a press release (Exhibit 99.1) that was issued by EA on August 4, 2021, which contains the company's financial results for the first fiscal quarter ended June 30, 2021. Investors would need to refer to that press release for the specific financial data.