Summary
Take-Two Interactive Software, Inc. (TTWO) has filed a Form 8-K to correct a misstatement in its 2013 annual proxy statement. The company clarified that its Board of Directors actually held eight meetings during the fiscal year ended March 31, 2013, rather than the previously reported seven meetings. This correction impacts the attendance record for Mr. Robert A. Bowman. Previously, it was stated he attended approximately 73% of the Board and committee meetings. The corrected filing indicates that Mr. Bowman attended nine out of twelve such meetings, representing a 75% attendance rate, which meets the company's stated attendance threshold for all directors. This filing primarily serves to ensure accurate disclosure to shareholders regarding board meeting frequency and director participation.
Key Highlights
- 1Correction of an administrative error in the 2013 proxy statement regarding the number of Board of Directors meetings held.
- 2The Board of Directors actually held eight meetings in fiscal 2013, not seven as initially reported.
- 3Revised attendance percentage for Director Robert A. Bowman to 75% (9 out of 12 meetings attended).
- 4The previous disclosure stated Mr. Bowman attended approximately 73% of meetings.
- 5This correction confirms that all directors, including Mr. Bowman, met the 75% attendance requirement for Board and committee meetings in fiscal 2013.
- 6The filing is an 'Other Events' disclosure under Item 8.01 of Form 8-K.