TTWO 8-K Current Reports
TAKE TWO INTERACTIVE SOFTWARE INC - 280 current reports
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 21, 2026)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on May 21, 2026, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2026. The company has released a press release detailing these results, which is incorporated by reference into this filing. Investors should note that the information furnished under Item 2.02 is not considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it incorporated into other filings unless specifically stated. The primary purpose of this filing is to provide timely public access to the company's latest financial performance figures. While the 8-K itself is procedural and incorporates the press release for substantive details, the key takeaway for investors is to review the attached press release (Exhibit 99.1) for specific metrics on revenue, profitability, and any forward-looking statements regarding the company's outlook. The filing confirms the release date and nature of the financial announcement, serving as the official notification mechanism.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 3, 2026)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on February 3, 2026, to announce its financial results for the third fiscal quarter ended December 31, 2025. The filing primarily serves to incorporate by reference the press release containing these results, which is attached as Exhibit 99.1. Investors should refer to this press release for detailed financial performance metrics, operational updates, and forward-looking statements. The report specifies that the information furnished under Item 2.02 is not deemed "filed" for regulatory purposes and will not be automatically incorporated into future Company filings unless expressly stated. This is standard procedure for earnings releases furnished via 8-K. Therefore, the core of the investor analysis will be within the attached press release.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 6, 2025)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on November 6, 2025, to announce its financial results for the second fiscal quarter ended September 30, 2025. The primary focus of this filing is the dissemination of these results, which are detailed in an attached press release (Exhibit 99.1). Investors should refer to this press release for comprehensive details on the company's operational performance and financial condition during the quarter. This report serves as a notification of the financial outcomes for the period. As is customary with Item 2.02 filings, the information furnished is not considered 'filed' for the purposes of certain SEC regulations, meaning it does not carry the same liability implications as formally filed documents. Investors should note that this information will not be automatically incorporated into future SEC filings unless specifically referenced.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Sep 19, 2025)
Take-Two Interactive Software, Inc. (TTWO) announced on September 19, 2025, that its stockholders approved key proposals at the company's annual meeting held on September 18, 2025. The most significant development for investors is the stockholder approval of an amendment and restatement of the 2017 Stock Incentive Plan. This amendment increases the number of shares reserved for issuance under the plan by 5.2 million and extends the plan's term by ten years, until September 18, 2035. Additionally, the company reported that all director nominees were elected, and advisory votes approved the compensation of named executive officers and ratified the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2026. These outcomes indicate continued board stability and alignment on compensation and auditing practices, providing a stable backdrop for the company's future operations and incentive programs.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 10, 2025)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report indicating that its senior management and certain Board of Directors members will commence using new investor presentation materials, effective September 10, 2025. These materials, detailed in Exhibit 99.1, are intended for use when engaging with existing shareholders. While the 8-K itself does not contain new financial results or strategic decisions, it signals an upcoming phase of enhanced investor communication. The included cautionary note highlights the forward-looking nature of the information within the presentation, emphasizing potential risks and uncertainties that could materially affect future outcomes, such as game release success, international business challenges, economic factors like inflation and interest rates, and dependence on key products and personnel.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Sep 5, 2025)
Take-Two Interactive Software, Inc. (TTWO) announced on September 5, 2025, through an 8-K filing, the adoption of a new Nonqualified Deferred Compensation Plan, effective September 1, 2025. This plan, named the Take-Two Interactive Software, Inc. Deferred Compensation Plan, is designed for a select group of management and highly compensated employees, including named executive officers, as well as directors. It allows eligible participants to defer a portion of their compensation, such as base salary, annual cash bonuses, and director fees, into a deferred compensation account.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 7, 2025)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on August 7, 2025, to announce its financial results for the first fiscal quarter ended June 30, 2025. The report primarily incorporates a press release detailing these results, which is attached as an exhibit. Investors should refer to the press release (Exhibit 99.1) for specific financial performance metrics, including revenue, profitability, and any forward-looking guidance. The company has elected not to use the extended transition period for new or revised accounting standards, indicating a commitment to timely adoption of updated financial reporting. This filing serves as the primary vehicle for disclosing the quarter's performance. It is important to note that information furnished under Item 2.02 is generally considered non-filed and does not carry the same liabilities as formally filed information under certain sections of the Securities Act and Exchange Act. Investors should carefully review the accompanying press release for detailed operational and financial insights, as well as any management commentary on business trends and future outlook.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (May 22, 2025)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report detailing a significant equity offering. The company entered into an underwriting agreement on May 20, 2025, to sell a total of 5,462,500 shares of its common stock at a price of $225.00 per share. This total includes the initial 4,750,000 shares and an additional 712,500 shares purchased by the underwriters exercising their option. The offering, registered under Form S-3, closed on May 22, 2025. This equity issuance provides the company with a substantial capital infusion. Investors should note that the proceeds from this offering are not explicitly detailed in this filing, but such capital can be used for various corporate purposes, including funding future game development, acquisitions, debt reduction, or general working capital. The sale of stock at a premium price of $225.00 per share indicates market confidence and demand for TTWO's shares at the time of the offering.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 15, 2025)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on May 15, 2025, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2025. The core of this filing is the attached press release (Exhibit 99.1), which provides the detailed financial performance for the period. Investors should refer to this press release for specific revenue, profitability, and any forward-looking statements or guidance provided by the company. The filing itself, under Item 2.02, is a notification mechanism for these results, and the information therein is furnished rather than filed. This means it does not carry the same liability as formally filed documents under Sections 18, 11, and 12(a)(2) of the Securities Acts, nor will it be automatically incorporated into future SEC filings unless explicitly stated. The primary actionable information for investors will be contained within the press release itself.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Regulation FD Disclosure (May 2, 2025)
Take-Two Interactive Software, Inc. (TTWO) has filed a Current Report on Form 8-K dated May 2, 2025, primarily to disclose information through a press release furnished as Exhibit 99.1. While the specific content of the press release is not detailed in the provided 8-K excerpt, its issuance under Regulation FD indicates it contains material information that the company wishes to disseminate to the public. Investors should review the attached press release for details on any significant announcements regarding the company's business, financial performance, strategic initiatives, or upcoming events. It is important to note that the information provided in Item 7.01 and Exhibit 99.1 is furnished and not filed with the SEC. This means it is not subject to the liability provisions of Section 18 of the Securities Exchange Act of 1934 and is not automatically incorporated by reference into the company's other SEC filings. Therefore, investors should carefully consider the information within the press release itself as the primary source for any new disclosures.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 6, 2025)
Take-Two Interactive Software, Inc. has filed an 8-K report on February 6, 2025, to announce its financial results for the third fiscal quarter ended December 31, 2024. The report primarily serves to attach the press release containing these operational and financial outcomes. Investors should refer to Exhibit 99.1, the press release itself, for detailed financial performance information, as this 8-K filing primarily acts as a notification and incorporation mechanism.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 6, 2024)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on November 6, 2024, to announce its financial results for the second fiscal quarter ended September 30, 2024. The core of this filing is the accompanying press release (Exhibit 99.1), which provides the detailed financial performance for the quarter. Investors should focus on the contents of this press release for specific revenue, earnings, and operational metrics. While this 8-K primarily serves as a notification and incorporates the press release by reference, it's crucial for investors to review Exhibit 99.1 directly for insights into the company's current financial health, any forward-looking statements made, and the overall strategic direction communicated by management. The filing itself does not contain new financial data but points investors to the official earnings release.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Shareholder Vote Results (Sep 23, 2024)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K detailing the outcomes of its Annual Meeting of Stockholders held on September 18, 2024. The report confirms that all incumbent directors were overwhelmingly re-elected for terms expiring at the 2025 annual meeting. Additionally, stockholders provided advisory approval for the compensation of the company's named executive officers and ratified the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2025. These results indicate strong support from shareholders for the current board of directors and the company's executive compensation practices. The ratification of the auditor also signifies confidence in the company's financial oversight and reporting. Investors can view these outcomes as positive signs of stability and alignment between management and the shareholder base.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 16, 2024)
Take-Two Interactive Software, Inc. (TTWO) has disclosed an unfavorable jury verdict in a patent infringement lawsuit filed by IBM against its subsidiary, Zynga Inc. The jury found that certain Zynga games infringed on IBM's U.S. Patent Nos. 7,072,849 and 7,702,719, awarding IBM damages of $44.9 million. This development, stemming from a trial that concluded on September 13, 2024, is a significant event for the company, although the patents in question have since expired. Despite the verdict, Zynga is not required to alter or cease operations of the implicated games. The company maintains that the verdict is not supported by the facts and law, and has stated its intention to pursue post-trial motions and an appeal to overturn the decision and reduce or eliminate the awarded damages. Investors should monitor the company's progress in these legal proceedings as they may impact future financial results.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 8, 2024)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on August 8, 2024, to announce its financial results for the first fiscal quarter ended June 30, 2024. The filing incorporates by reference a press release (Exhibit 99.1) which contains the detailed financial outcomes for the quarter. Investors should review this press release for comprehensive insights into the company's performance, including key metrics such as revenue, profitability, and any forward-looking guidance provided by management. While this 8-K itself is a procedural filing to announce the release of the press release, the substance of the financial results and any strategic commentary will be found within Exhibit 99.1. This exhibit is crucial for understanding the company's current operational health and its outlook for the remainder of the fiscal year, particularly in the context of the interactive entertainment industry.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Jun 14, 2024)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report detailing a secondary public offering of its common stock. On June 12, 2024, Embracer Group AB, the Selling Shareholder, entered into an underwriting agreement with Goldman Sachs & Co. LLC to sell 2,830,084 shares of TTWO's common stock. These shares were recently acquired by Embracer Group as part of Take-Two's acquisition of The Gearbox Entertainment Company, Inc., which closed on June 11, 2024. Importantly, Take-Two Interactive will not receive any proceeds from this sale, as it is a resale of existing shares by the Selling Shareholder. The offering was priced and closed on June 14, 2024. The company also included standard forward-looking statements and references to its SEC filings for a comprehensive understanding of risks and uncertainties.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Jun 12, 2024)
Take-Two Interactive Software, Inc. (TTWO) announced the completion of a public offering and sale of $600 million in aggregate principal amount of senior notes. This offering consists of $300 million of 5.400% Senior Notes due 2029 and $300 million of 5.600% Senior Notes due 2034. The proceeds from this offering will likely be used to fund general corporate purposes, which could include potential acquisitions or investments, given the company's typical capital allocation strategy. These notes are senior unsecured obligations and rank equally with other unsubordinated debt. The offering introduces new debt maturity dates in 2029 and 2034, with semi-annual interest payments. The company retains the option to redeem these notes under specific conditions. The filing also includes standard covenants and provisions related to change of control and events of default, which are typical for such debt issuances.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K/A Report, Unregistered Securities Sale (Jun 11, 2024)
Take-Two Interactive Software Inc. (TTWO) has officially closed its acquisition of The Gearbox Entertainment Company, Inc. as of June 11, 2024. This transaction was financed through the issuance of 2,830,084 unregistered shares of Take-Two's common stock to Gearbox Parent. The number of shares issued was determined based on the agreed-upon valuation formula within the Share Purchase Agreement, which linked the share count to the volume-weighted average closing price of Take-Two's stock in the days leading up to the closing. These newly issued shares are not registered under the Securities Act of 1933 and were issued under the exemption provided by Section 4(a)(2) of the Securities Act. This means the shares were not offered to the public and the issuance was restricted to a sophisticated party, in this case, the seller of Gearbox. Investors should note that while this is a significant strategic acquisition, the immediate impact on share count has increased, and these specific shares are not immediately tradable on the open market by the recipient.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 16, 2024)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 16, 2024, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2024. The report incorporates by reference a press release (Exhibit 99.1) containing these results, which is the primary source of information for investors regarding the company's performance during this period. While the 8-K itself is a formal filing, the detailed financial performance metrics, including revenue, profitability, and any forward-looking statements or guidance, are contained within the attached press release. Investors should refer to Exhibit 99.1 for specific figures and commentary on the company's operational and financial condition. Please note that the information furnished under Item 2.02 is not considered "filed" for regulatory purposes and is not automatically incorporated into future SEC filings.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Exit or Disposal Costs (Apr 16, 2024)
Take-Two Interactive Software, Inc. (TTWO) announced a significant cost reduction program on April 16, 2024, designed to enhance its margin profile while continuing to invest in growth. This plan involves rationalizing its development pipeline by canceling several projects and streamlining its organizational structure, which will lead to workforce reductions and reduced future hiring. Investors should note that these actions are expected to incur substantial charges, impacting the company's near-term financial results. The program is estimated to result in total charges of approximately $160 million to $200 million, with a portion of these ($40 million to $60 million) expected to involve future cash expenditures. The charges are primarily related to title cancellations ($120 million to $140 million), employee severance and related costs ($25 million to $35 million), and office space reductions ($15 million to $25 million). The company anticipates achieving over $165 million in annual cost savings from this initiative and expects the program to be largely completed by the end of 2024, impacting approximately 5% of its workforce.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Apr 1, 2024)
Take-Two Interactive Software, Inc. (TTWO) has entered into a definitive agreement to acquire The Gearbox Entertainment Company, Inc. for a base purchase price of $460 million. This acquisition will be paid for using newly issued shares of Take-Two's common stock. The deal is structured as a stock purchase, where Take-Two's subsidiary will acquire 100% of Gearbox's capital stock from Gearbox Seller, an entity within Embracer Group AB. The transaction is subject to customary closing conditions, including regulatory approvals such as the Hart-Scott Rodino Antitrust Improvements Act. The closing is expected to occur on the third business day following the satisfaction of these conditions, or six business days after Take-Two announces its fiscal year-end earnings. The agreement also includes provisions for customary representations, warranties, and pre-closing covenants to ensure the ordinary course operation of Gearbox's business.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Regulation FD Disclosure (Mar 28, 2024)
Take-Two Interactive Software announced on March 27, 2024, that it has entered into a definitive agreement to acquire The Gearbox Entertainment Company Inc. from Embracer Group AB. This strategic acquisition is a significant development for Take-Two, as Gearbox is renowned for its popular franchises, most notably the Borderlands series. The transaction is expected to strengthen Take-Two's intellectual property portfolio and enhance its game development capabilities, particularly within the action and shooter genres. Investors should closely monitor the terms of the deal and any potential impact on Take-Two's financial performance and long-term growth strategy, as the integration of Gearbox could unlock new opportunities and revenue streams. The acquisition is a key move for Take-Two as it continues to expand its presence in the gaming market. The inclusion of Gearbox's established IP and talented development team is anticipated to contribute to the company's pipeline of future games and potential franchise expansions. While the filing itself, an 8-K, primarily serves to disclose this material event via a press release, the strategic implications of acquiring a studio with such a strong track record are paramount for understanding Take-Two's future direction and competitive positioning.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Feb 8, 2024)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on February 8, 2024, to announce its financial results for the third fiscal quarter ended December 31, 2023. The press release detailing these results, furnished as Exhibit 99.1, is incorporated by reference into this filing. Investors should note that information furnished under Item 2.02 of an 8-K is typically considered non-public information that is being disclosed to the public and is not deemed "filed" for purposes of certain securities regulations, meaning it does not automatically become part of previously filed registration statements. Therefore, investors should rely on the press release itself for the specific financial and operational details of the quarter.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Jan 8, 2024)
Take-Two Interactive Software, Inc. (TTWO) announced on January 8, 2024, the successful completion of an add-on offering of senior notes, raising $350 million in aggregate principal amount. This issuance comprises $50 million of 5.000% Senior Notes due 2026 and $300 million of 4.950% Senior Notes due 2028. These new notes were issued under the existing indenture and are fungible with the previously issued senior notes, meaning they have the same terms and CUSIP numbers, effectively increasing the total outstanding principal for these debt instruments. This financing strengthens the company's liquidity position, providing additional capital for its operations or strategic initiatives. The notes are senior unsecured obligations of the company, ranking equally with other unsubordinated debt. Key terms include semi-annual interest payments and maturity dates in March 2026 and March 2028, respectively. The issuance and details of the new notes are governed by a master indenture and supplemental indentures previously filed with the SEC.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 8, 2023)
Take-Two Interactive Software, Inc. (TTWO) has filed an 8-K report on November 8, 2023, primarily to disclose its financial results for the second fiscal quarter ended September 30, 2023. The report incorporates by reference a press release (Exhibit 99.1) detailing these results. While this filing doesn't provide specific financial figures within the 8-K itself, it signals the official communication of the company's performance during the quarter. Investors should refer to the referenced press release for detailed financial performance, including revenue, net income, earnings per share, and any forward-looking guidance. This filing serves as the formal notification mechanism for these important updates, which are crucial for assessing the company's current operational health and future prospects within the interactive entertainment industry.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Sep 21, 2023)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on September 21, 2023, detailing outcomes from its annual stockholder meeting held on the same day. The primary focus for investors is the stockholder approval of the amendment and restatement of the 2017 Stock Incentive Plan. This amendment significantly alters the share reserve structure related to the Zynga acquisition, reducing the specific Zynga-assumed shares reserved for limited employees to zero, while increasing the overall plan reserve by 5.5 million shares available for all eligible employees. Additionally, it allows for the recycling of forfeited Zynga-assumed awards for broader employee distribution. The filing also confirms the election of all nominated directors for the upcoming year and provides an advisory vote result on executive compensation, which was approved by stockholders. Furthermore, the appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2024, was ratified. These events reflect key governance decisions and adjustments to long-term incentive structures.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 8, 2023)
Take-Two Interactive Software, Inc. (TTWO) announced its first fiscal quarter 2023 financial results on August 8, 2023. This 8-K filing primarily serves to furnish the press release detailing these results, which is incorporated by reference. Investors should refer to the press release (Exhibit 99.1) for the specific financial performance metrics, operational highlights, and forward-looking statements. The filing itself does not contain the detailed financial tables or narrative analysis but directs stakeholders to the attached press release. Therefore, to understand the company's performance, revenue drivers, profitability, and outlook, a thorough review of the accompanying press release is essential.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Jun 2, 2023)
Take-Two Interactive Software, Inc. (TTWO) has announced the early results and pricing of its cash tender offer for its 3.300% Senior Notes due 2024. Initially seeking to repurchase up to $500 million in principal amount, the company amended the offer to increase the maximum repurchase amount to $650 million due to strong investor participation. As of the early tender deadline of June 1, 2023, the company had received tenders exceeding the initial target, with $676,243,000 in aggregate principal amount tendered. Consequently, the company will purchase these notes on a pro-rata basis up to the revised $650 million tender cap. Notes tendered after the early deadline will not be accepted, as the offer was fully subscribed by this point. The tender offer is scheduled to expire on June 16, 2023, unless extended.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (May 18, 2023)
Take-Two Interactive Software, Inc. (TTWO) announced on May 18, 2023, that it has initiated a tender offer to repurchase up to $500 million in aggregate principal amount of its 3.300% Senior Notes due 2024. This move indicates proactive capital management by the company, likely aiming to reduce its outstanding debt and potentially optimize its capital structure.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 17, 2023)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 17, 2023, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2023. The filing primarily serves to incorporate by reference the press release containing these results, which details the company's operational and financial performance. Investors should refer to Exhibit 99.1, the press release itself, for the specific financial figures and management commentary. This 8-K acts as a notification of material information disclosure. While the 8-K itself does not contain the detailed financial tables or narrative, it directs investors to the press release for crucial insights into revenue, profitability, and forward-looking statements. Understanding these results is vital for assessing the company's current standing and future prospects in the competitive video game industry.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Agreement Terminated (May 3, 2023)
Take-Two Interactive Software, Inc. (TTWO) has announced the full repayment of its $350 million term loan facility ahead of its scheduled maturity date of June 21, 2023. This strategic move, executed on April 27, 2023, was financed by the proceeds from the company's recent $1.0 billion senior notes offering. The payoff effectively discharges the Company's obligations under the 364-day term loan credit agreement dated June 22, 2022. This action demonstrates proactive financial management, improving the company's debt profile by extinguishing a near-term obligation with long-term financing. Investors should note that the company's other credit facilities, including its unsecured Credit Agreement dated May 23, 2022, remain in full force and effect, indicating continued access to liquidity and operational funding.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Apr 14, 2023)
Take-Two Interactive Software, Inc. (TTWO) announced on April 14, 2023, the successful completion of a $1.0 billion senior notes offering. This issuance comprises $500 million of 5.000% Senior Notes due 2026 and $500 million of 4.950% Senior Notes due 2028. These notes are unsecured and rank equally with other unsubordinated debt of the company. The proceeds from this offering will likely be used to fund general corporate purposes or potentially refinance existing debt. This debt issuance provides Take-Two with significant capital, enhancing its financial flexibility. Investors should note the maturity dates of the notes (2026 and 2028) and their respective interest rates, which are fixed. The indenture includes provisions for redemption by the company, as well as a repurchase option for noteholders in the event of a Change of Control Repurchase Event. Standard covenants and default provisions are also in place, which are further detailed in the filed supplemental indentures.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Apr 11, 2023)
Take-Two Interactive Software, Inc. (TTWO) announced on April 11, 2023, the pricing of a public offering of $1.0 billion aggregate principal amount of senior notes. This offering consists of $500 million of 5.000% Senior Notes due 2026 and $500 million of 4.950% Senior Notes due 2028. The offering was made under an effective registration statement and was announced via a press release on April 10, 2023. This debt issuance indicates the company is actively managing its capital structure, likely to fund ongoing operations, potential acquisitions, or future development projects. Investors should note the specific interest rates and maturity dates of these notes, which will impact the company's future interest expenses and debt obligations. The filing also includes standard forward-looking statements, cautioning about various risks and uncertainties that could affect future performance, including factors related to the Zynga integration, economic conditions, and product development.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Exhibit Filing (Feb 7, 2023)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on February 7, 2023, primarily to provide updated pro forma financial statements related to its acquisition of Zynga, Inc., completed on May 26, 2022. The filing includes Unaudited Pro Forma Condensed Consolidated Statements of Operations for the twelve months ended March 31, 2022, and the six months ended September 30, 2022. These statements reflect the combined financial performance of Take-Two and Zynga as if the acquisition had occurred at the beginning of the respective periods. Investors can utilize these pro forma statements to better understand the combined entity's historical financial trajectory and the impact of the Zynga acquisition on revenue and profitability. While this filing does not present new operational announcements or guidance, it serves as a crucial informational update for assessing the company's financial position post-acquisition, offering a clearer view of combined sales and operational results for the specified periods.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Exhibit Filing (Feb 6, 2023)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on February 6, 2023, to announce its financial results for the third fiscal quarter ended December 31, 2022. The report primarily incorporates by reference a press release containing these results, which serves as the main source of information for investors regarding the company's recent performance. Investors should refer to the attached press release (Exhibit 99.1) for detailed financial figures and operational updates. While this 8-K itself does not contain the detailed financial statements or a management discussion, it officially disseminates the Q3 FY23 earnings announcement. The accompanying press release will provide insights into revenue, profitability, key performance indicators, and potentially forward-looking guidance or commentary from management on market conditions and strategic initiatives. As this is a furnished, not filed, exhibit, it is important for investors to understand the specific legal implications regarding liability under securities laws.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Bylaw Amendment (Jan 6, 2023)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on January 6, 2023, primarily to announce amendments to its bylaws, effective January 4, 2023. These changes were made in response to updates in SEC rules and Delaware corporate law. The amendments focus on enhancing procedural mechanics for shareholder nominations of directors, aligning with SEC Rule 14a-19. They also remove a requirement for a physical stockholder list to be available during meetings and explicitly allow for virtual shareholder meetings at the board's discretion. These updates are largely procedural and aim to modernize the company's governance framework.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Nov 17, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on November 17, 2022, primarily to announce a significant acquisition made by its wholly-owned subsidiary, Zynga Inc. Zynga, through its label Rollic, has acquired Popcore, an independent mobile game developer based in Germany. This acquisition signals a continued strategic push by Take-Two, via Zynga, to expand its presence and portfolio within the mobile gaming sector, a key growth area for the company.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Nov 7, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on November 7, 2022, to report its financial results for the second fiscal quarter ended September 30, 2022. The primary purpose of this filing was to attach a press release detailing these results. Investors should note that the information furnished under Item 2.02, including the press release, is not considered "filed" for certain SEC purposes, meaning it is not subject to the liabilities of Sections 18, 11, and 12(a)(2) and will not be automatically incorporated into future filings unless specifically referenced. While the 8-K itself does not contain the detailed financial data, it directs investors to the accompanying press release (Exhibit 99.1) for the specific operational and financial performance information for the quarter. Investors seeking to understand TTWO's performance, revenue drivers, profitability, and forward-looking statements should consult this referenced press release for the comprehensive financial disclosures.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 21, 2022)
Take-Two Interactive Software, Inc. (TTWO) disclosed in an 8-K filing on September 21, 2022, that its 2K Games division experienced a data security incident. An unauthorized third party gained access to credentials for a vendor platform used for customer support. This breach resulted in the malicious party sending a communication with a harmful link to certain players who utilize this platform for customer service. The company has alerted players to this incident via social media. While the full extent of the impact is not yet detailed, this event raises concerns regarding customer data security and potential risks associated with vendor third-party access. Investors should monitor further disclosures for details on remediation efforts and any potential financial or reputational consequences.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Shareholder Vote Results (Sep 19, 2022)
This 8-K filing from Take-Two Interactive Software, Inc. (TTWO) reports on the outcomes of its Annual Meeting of Stockholders held on September 16, 2022. A significant majority of outstanding shares were represented, indicating robust shareholder participation. The meeting primarily focused on director elections, executive compensation advisory votes, and the ratification of independent auditors. All director nominees were elected to serve until the 2023 annual meeting, with strong support across the board. Notably, the advisory vote on the compensation of named executive officers did not receive majority support. While this vote is non-binding, it signals potential investor concern regarding executive pay alignment with performance. Management has acknowledged this feedback and stated its intention to engage further with stockholders to ensure compensation programs align with shareholder interests. The appointment of Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2023, was overwhelmingly ratified, providing clarity on the company's audit function.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 19, 2022)
Take-Two Interactive Software Inc. (TTWO) disclosed a significant network intrusion at Rockstar Games on September 19, 2022. An unauthorized third party illegally accessed and downloaded confidential information, including early development footage for the next Grand Theft Auto title. The company asserts that current Rockstar Games services remain unaffected and that steps have been taken to contain the incident. Crucially, Rockstar Games does not anticipate any disruption to current services or long-term effects on development timelines as a result of this breach. The company's filings also include a standard "Cautionary Note Regarding Forward-Looking Statements," which outlines various risks and uncertainties that could impact future business and financial performance, including those related to this incident, the Zynga combination, and broader economic factors.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Sep 6, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on September 6, 2022, primarily to disclose the use of new investor presentation materials. These materials, effective from September 6, 2022, are intended for presentations to existing shareholders and have been incorporated by reference into the filing. The filing also includes a cautionary note regarding forward-looking statements contained within these materials, highlighting the inherent uncertainties and risks associated with the company's business and outlook. Investors should note that the presentation likely contains forward-looking statements concerning future business and financial performance. While these offer insight into management's expectations, they are subject to a variety of risks, including but not limited to the integration of Zynga, the ongoing impact of the COVID-19 pandemic, international business risks, interest rate fluctuations, inflation, currency volatility, reliance on key personnel and popular game franchises like NBA 2K and Grand Theft Auto, and the successful launch and market acceptance of new titles. The company advises consulting its latest SEC filings for a comprehensive understanding of these risks.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Corporate Update (Aug 19, 2022)
This 8-K filing by Take-Two Interactive Software, Inc. (TTWO) addresses the resolution of a stockholder class action lawsuit concerning the Zynga merger. The lawsuit, filed in April 2022, alleged omissions of material information in the Company's S-4 registration statement. Take-Two subsequently provided supplemental disclosures, which mooted the lawsuit's allegations. The Delaware Court of Chancery dismissed the action in May 2022, retaining jurisdiction only for attorneys' fees. The Company has agreed to pay $130,000 in attorneys' fees and expenses to the plaintiff's counsel, resolving this matter. The case was officially closed on August 11, 2022, following the issuance of this notice.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (Aug 8, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on August 8, 2022, to report its financial results for the first fiscal quarter ended June 30, 2022. The report primarily incorporates by reference a press release detailing these results, which is included as an exhibit. Investors should note that the information furnished in this report, including the press release, is not considered "filed" for certain regulatory purposes and is not automatically incorporated into other company filings unless specifically referenced. While the 8-K itself is a procedural filing for announcing results, the key information for investors lies within the accompanying press release (Exhibit 99.1). This press release would contain the specific financial metrics, operational updates, and forward-looking statements that are crucial for assessing the company's performance and outlook. Investors are advised to review Exhibit 99.1 for a comprehensive understanding of the Q1 2022 financial performance.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K/A Report, Exhibit Filing (Aug 5, 2022)
Take-Two Interactive Software, Inc. (TTWO) has filed an amendment to its previous 8-K filing, primarily to provide updated pro forma financial statements related to its acquisition of Zynga, Inc. These unaudited pro forma condensed consolidated financial statements as of March 31, 2022, offer a hypothetical view of the combined company's financial position and performance had the Zynga acquisition been completed at an earlier date. This filing is crucial for investors seeking to understand the potential financial impact and combined scale of Take-Two following this significant strategic transaction. The inclusion of these pro forma statements allows investors to better assess the combined entity's balance sheet and income statement trends, providing a clearer picture of the company's financial health and operational performance post-acquisition. While no new operational updates or business changes are detailed beyond the acquisition's financial implications, these pro forma financials are essential for evaluating the company's trajectory and making informed investment decisions.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (Jun 24, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on June 24, 2022, detailing significant financing activities. The company entered into a $350 million unsecured 364-day term loan credit facility, which was fully drawn on the closing date. The proceeds were used to partially finance the repurchase of its convertible senior notes. This facility matures on June 21, 2023, and carries interest rates tied to either an alternate base rate or SOFR, with margins determined by the company's credit rating. In addition to the term loan, the company also drew $200 million from its existing $500 million revolving credit facility, which matures in May 2027. This borrowing also supported the repurchase of convertible notes, leaving approximately $300 million available for future borrowings under the revolving facility. These actions indicate a strategic move to manage its debt structure and potentially refinance or retire existing obligations.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Material Agreement (May 26, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 26, 2022, to report the completion of its acquisition of Zynga Inc. The acquisition, which closed on May 23, 2022, involved a merger where Zynga became a wholly-owned subsidiary of Take-Two. This transaction has significantly altered Take-Two's capital structure and business operations. The filing also details significant financing activities, including the establishment of a new $500 million unsecured five-year revolving credit facility, replacing a previous agreement. Additionally, Take-Two addressed the convertible notes issued by Zynga, outlining how these notes will be assumed by Take-Two, with conversion rights now entitling holders to a mix of Take-Two common stock and cash. These events mark a pivotal moment for Take-Two, integrating a major mobile gaming entity and establishing new credit arrangements.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (May 19, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 19, 2022, detailing the results of its Special Meeting of Stockholders. The primary focus of this meeting was to vote on proposals related to the acquisition of Zynga Inc. Investors can be reassured that all key proposals necessary for the Zynga acquisition were overwhelmingly approved by Take-Two shareholders. This includes the approval of the issuance of Take-Two common stock to Zynga stockholders and an amendment to Take-Two's charter to increase authorized shares, which are crucial steps to finalize the transaction. The filing also provides details on the exchange ratio for the acquisition, outlining that Zynga stockholders will receive $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga's class A common stock. Furthermore, the report confirms the appointment of two Zynga board members to the Take-Two Board upon closing, although one will not be considered independent due to a pre-existing consulting agreement. This filing signifies significant progress towards the closing of the Zynga acquisition.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (May 18, 2022)
Take-Two Interactive Software, Inc. (TTWO) announced an expansion of its Board of Directors, increasing the number of directors from eight to ten. This strategic move is directly tied to the previously announced merger agreement with Zynga Inc. The increase in board size and the appointment of two new directors, Ellen Siminoff and William “Bing” Gordon, are contingent upon the successful closing of this combination, which is anticipated to occur on May 23, 2022. Ms. Siminoff and Mr. Gordon are being appointed to represent Zynga's interests on the Take-Two board, as stipulated by the merger agreement. Both appointees bring extensive experience in technology, media, and venture capital. Ms. Siminoff has a strong background in educational publishing, search engine marketing (having led Efficient Frontier through its acquisition by Adobe), and early roles at Yahoo!. Mr. Gordon is a co-founder of Electronic Arts and a partner at Kleiner Perkins, with significant board experience including Amazon and Audible. Their appointments aim to leverage their expertise as Take-Two integrates Zynga and continues its growth strategy.
TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Financial Results (May 16, 2022)
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 16, 2022, to report its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2022. The filing primarily consists of a press release detailing these financial outcomes. While the specific financial figures are not detailed within the 8-K text itself, investors are directed to the attached Exhibit 99.1 for a comprehensive overview of the company's performance during the reported periods. This report serves as the official notification of TTWO's financial status as of that date. Investors should refer to the incorporated press release for key metrics such as revenue, net income, earnings per share, and any forward-looking guidance provided by the company. The filing also specifies that the information furnished under Item 2.02 is not considered 'filed' for certain legal purposes, a standard disclosure for earnings release attachments.