SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of report (Date of earliest event reported) August 3, 2021
ELECTRONIC ARTS INC.
(Exact Name of Registrant as Specified in Its Charter)
|(State or Other Jurisdiction of Incorporation)||(Commission File Number)||(IRS Employer Identification No.)|
|209 Redwood Shores Parkway,||Redwood City,||California||94065-1175|
|(Address of Principal Executive Offices)||(Zip Code)|
|(Registrant’s Telephone Number, Including Area Code)|
|(Former Name or Former Address, if Changed Since Last Report)|
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
|Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).|
|Emerging growth company||☐|
|If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.||☐|
|Securities registered pursuant to Section 12(b) of the Act:|
|Title of Each Class||Trading Symbol||Name of Each Exchange on Which Registered|
|Common Stock, $0.01 par value||EA||NASDAQ Global Select Market|
Item 2.02 Result of Operations and Financial Condition.
On August 4, 2021, Electronic Arts Inc. ("Electronic Arts" or “EA”) issued a press release announcing its financial results for the first fiscal quarter ended June 30, 2021. A copy of the press release is attached hereto as Exhibit 99.1.
Neither the information in this Form 8-K nor the information in the press release attached hereto as Exhibit 99.1 shall be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 4, 2021, Kenneth A. Barker, EA’s Senior Vice President and Chief Accounting Officer announced his intention to retire. As a result, effective as of August 13, 2021, Mr. Barker will step down as Chief Accounting Officer but plans to remain with the Company as Senior Vice President of Finance through Spring 2022. On August 4, 2021, EA appointed Eric Kelly, 49, to the position of Chief Accounting Officer, effective as of August 13, 2021. Mr. Kelly joined EA in 2003 and has served as Vice President and Worldwide Controller since 2014. Prior to his appointment as Worldwide Controller, Mr. Kelly held positions of increasing responsibility in EA’s finance organization, including leadership roles in EA’s European and Asia-Pacific finance operations. Mr. Kelly is a Certified Public Accountant and graduated from Villanova University with a B.S. in accounting.
Mr. Kelly does not have any family relationship with any director or executive officer of EA, or person nominated or chosen by EA to become a director or executive officer, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 8.01 Other Events.
On August 3, 2021, the Audit Committee of EA, on behalf of EA’s full Board of Directors declared a cash dividend of $0.17 per share of EA's common stock. The dividend is payable on September 22, 2021 to stockholders of record as of the close of business on September 1, 2021.
Item 9.01 Financial Statements and Exhibits.
Press release dated August 4, 2021, relating to Electronic Arts Inc.’s financial results for its fiscal first quarter ended June 30, 2021.
INDEX TO EXHIBITS
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|ELECTRONIC ARTS INC.|
|Dated:||August 4, 2021||By:||/s/ Blake Jorgensen|
|Chief Operating Officer and Chief Financial Officer|