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TAKE TWO INTERACTIVE SOFTWARE INC 8-K Report, Executive Changes (Feb 16, 2018)

Reports
Leadership Changes
Filing Date
Filed February 16, 2018
Period End
February 12, 2018
Security
TTWO
In the record · 2016–202610-K1110-Q338-K116

TTWO filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 116 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Mar ’17Mar ’17
  2. Material agreement8-K · Jun ’22Jun ’22
  3. Material agreement8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed February 16, 2018. Cited figures are marked; the original filing is the authoritative source.

This 8-K filing by Take-Two Interactive Software, Inc. reports a change in its Board of Directors.

Specifically, Robert A. Bowman has resigned from his position as a director and as Chair of the Audit Committee, effective February 12, 2018. Susan Tolson, who has been a board member and part of the Audit Committee since March 2014, will now take over the responsibilities as the Chair of the Audit Committee.

This change is effective immediately. Investors should monitor the impact of this leadership transition within the Audit Committee and its potential implications for corporate governance and financial oversight.

02—Key points

Key Highlights

  1. Robert A. Bowman resigned from Take-Two Interactive's Board of Directors on February 12, 2018.
  2. Mr. Bowman also resigned as Chair of the Audit Committee.
  3. Susan Tolson, an existing Board and Audit Committee member, has been appointed as the new Chair of the Audit Committee.
  4. The changes are effective immediately.
  5. This filing addresses Item 5.02 of Form 8-K, which concerns the departure of directors or certain officers.

03—Questions

Frequently Asked Questions

  1. Why did Robert A. Bowman resign from the board and the Audit Committee?

    The 8-K filing does not provide a specific reason for Mr. Bowman's resignation. It only states that he resigned from his positions effective February 12, 2018.

  2. Who is Susan Tolson and what is her new role?

    Susan Tolson is a current member of Take-Two Interactive's Board of Directors and has been a member of its Audit Committee since March 2014. She will now assume the role of Chair of the Audit Committee.

  3. What is an Audit Committee's role, and why is this change significant?

    The Audit Committee is a key component of corporate governance responsible for overseeing financial reporting, internal controls, and the audit process. A change in its chair can be significant as it impacts leadership in these critical oversight functions.

04—Continue

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