01—Abstract
Summary
Summary of the 8-K filed May 16, 2018. Cited figures are marked; the original filing is the authoritative source.
Take-Two Interactive Software, Inc. (TTWO) filed an 8-K on May 16, 2018, to announce its financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2018.
This report primarily serves to incorporate by reference the press release detailing these results. Investors should refer to the press release (Exhibit 99.1) for specific financial performance metrics, operational achievements, and forward-looking guidance.
The filing itself does not contain the detailed financial figures but directs stakeholders to the accompanying press release. As an Emerging Growth Company, Take-Two has elected not to opt out of the extended transition period for new or revised accounting standards, which may allow for later adoption of certain accounting changes compared to non-EGCs.
02—Key points
Key Highlights
- Announcement of Q4 and Full Year Fiscal 2018 Financial Results.
- Financial results detailed in the attached press release (Exhibit 99.1).
- The report incorporates the press release by reference.
- Take-Two Interactive is an Emerging Growth Company.
- Company has elected to use the extended transition period for new/revised accounting standards.
- The information furnished under Item 2.02 is not considered 'filed' for liability purposes under Sections 18, 11, and 12(a)(2) of SEC Acts.
03—Questions
Frequently Asked Questions
Where can I find the specific financial results for Q4 and the full fiscal year 2018?
The specific financial results are detailed in the press release dated May 16, 2018, which is attached as Exhibit 99.1 to this Form 8-K filing and is incorporated by reference.
What does it mean that Take-Two is an Emerging Growth Company and has not opted out of extended transition periods?
As an Emerging Growth Company (EGC), Take-Two is permitted to delay the adoption of new or revised accounting standards until those standards apply to private companies. By not opting out, the company is utilizing this provision, which may result in a different reporting timeline for certain accounting changes compared to companies that are not EGCs or that have opted out.
Is the information in this 8-K considered 'filed' for legal purposes?
No, the information furnished under Item 2.02 of this 8-K, including the press release, is considered 'furnished' and not 'filed'. This means it is not subject to the liabilities associated with Section 18 of the Securities Exchange Act of 1934 or Sections 11 and 12(a)(2) of the Securities Act of 1933.
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