Summary
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 23, 2017, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2017. The key information is contained within the press release (Exhibit 99.1) attached to this filing, which details the Company's operational and financial performance. Investors should note that this information is furnished and not deemed "filed" for regulatory purposes, meaning it doesn't carry the same legal liabilities as a standard filing but still provides crucial performance indicators.
Key Highlights
- 1The 8-K filing reports the financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2017.
- 2The primary disclosure is through an attached press release (Exhibit 99.1).
- 3Information furnished under Item 2.02 is not considered 'filed' under Section 18 of the Exchange Act or subject to Sections 11 and 12(a)(2) of the Securities Act.
- 4The press release contains detailed financial results and operational performance metrics for the period.
- 5Investors should review the attached press release for specific revenue, net income, and other key financial figures.
- 6The filing indicates TTWO is an emerging growth company, but elected not to opt-out of the extended transition period for new accounting standards.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially report Take-Two Interactive Software's financial results for the fourth fiscal quarter and the full fiscal year ended March 31, 2017, as announced in their press release dated May 23, 2017.
The detailed financial results are provided in the press release attached as Exhibit 99.1 to this 8-K filing. This press release should be reviewed for specific figures regarding revenue, profitability, and other financial performance indicators.
No, the information furnished under Item 2.02 (Results of Operations and Financial Condition) in this 8-K is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934 or subject to the liabilities of that section. It is also not automatically incorporated into other filings unless expressly stated.
As an emerging growth company, Take-Two Interactive has elected *not* to use the extended transition period for complying with new or revised financial accounting standards. This means they are required to adopt new standards as they become effective.