UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 8, 2021
ELECTRONIC ARTS INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 0-17948 94-2838567 (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) (650) 628-1500 (Registrant’s Telephone Number, Including Area Code)
Former Name or Former Address, if Changed Since Last Report)
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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 8, 2021, Mr. Kofi A. Bruce, Chief Financial Officer of General Mills, Inc. accepted an invitation to be nominated to the Board of Directors (the “Board”) of Electronic Arts Inc. (“EA”) at EA’s 2021 annual meeting of stockholders. If elected, Mr. Bruce is expected to be appointed to EA’s Audit Committee. The Board has determined that Mr. Bruce meets the independence requirements of the Securities and Exchange Commission and the NASDAQ Stock Market Rules and qualifies as an “audit committee financial expert” under such rules.
If elected, Mr. Bruce will receive a grant of restricted stock units with a value of $260,000 issued under EA’s 2019 Equity Incentive Plan (the “EIP”), which reflects the same equity compensation as will be granted to each of EA’s non-employee directors who are elected at EA’s 2021 annual meeting of stockholders. These restricted stock units will vest, subject to the terms of the EIP, upon the earlier of (1) one-year from the grant date and (2) EA’s 2022 annual meeting of stockholders. Mr. Bruce will also receive the Board’s annual retainer of $60,000 and an additional $15,000 for his service on the Audit Committee during the 2021 Board year.
A press release announcing Mr. Bruce’s appointment to the Board is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Press Release, dated as of June 10, 2021. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). INDEX TO EXHIBITS Exhibit No. Description 99.1 Press Release, dated as of June 10, 2021. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE
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: June 10, 2021 By: /s/ Jacob J. Schatz Jacob J. Schatz Executive Vice President, General Counsel and Corporate Secretary Exhibit 99.1 Contacts:
Electronic Arts Investor Electronic Arts Media Relations: Relations: Chris Evenden John Reseburg VP, Investor VP, Communications Relations 650-628-0255 650-628-3601 [email protected] [email protected]
Kofi A. Bruce Nominated to the Electronic Arts Board of Directors
REDWOOD CITY, Calif. – June 10, 2021 – Electronic Arts Inc. (NASDAQ: EA), a worldwide leader in interactive entertainment, announced today that Mr. Kofi A .Bruce will be nominated to EA’s Board of Directors at EA’s 2021 annual stockholders meeting. Mr. Bruce is expected to be appointed to EA’s Audit Committee.
Mr. Bruce is a transformational executive with more than 20 years of finance, operational strategies, and risk management experience at public, consumer-facing businesses. He currently serves as Chief Financial Officer for General Mills, one of the world's largest food companies.
Mr. Bruce joined General Mills in 2009 and has held various finance leadership roles and served as General Mills’ Chief Accounting Officer, Controller and Treasurer before his appointment as Chief Financial Officer. He is a committed supporter of the company’s environmental, social, and governance focus, and serves on the company’s Social Impact committee.
Prior to General Mills, Mr. Bruce served in a variety of senior finance management roles with Ecolab and Ford Motor Company. “We are delighted to welcome Kofi to the Electronic Arts board,” said Andrew Wilson, CEO of Electronic Arts. “In addition to his breadth of financial expertise across global consumer brands, Kofi is a values-driven leader who will bring new perspectives and insights to our board as we continue to drive further growth, innovation and new experiences for our players.”
“I’ve long admired Electronic Arts' ability to inspire the world to play through its entertaining, engaging and diverse games. That has never been so evident as this past year, where we saw just how powerful EA’s gaming experiences can be to virtually connect players across generations, cultures and geographies,” said Mr. Bruce. "Coming off a strong year, the future is bright and I’m honored to join the board and the entire EA team during this exciting time of transformative growth and opportunity.”
Mr. Bruce continues to serve on the Board of Directors for non-profit Lifeworks Services, and is also an Aspen Fellow at The Aspen Finance Leaders Fellowship. He received a bachelor's degree in international relations from Stanford University and an M.B.A. from the University of Michigan's Stephen M. Ross School of Business.
About Electronic Arts Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.
In fiscal year 2021, EA posted GAAP net revenue of $5.6 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and F1™. More information about EA is available at www.ea.com/news.
EA SPORTS, Ultimate Team, Battlefield, Need for Speed, Apex Legends, The Sims and Titanfall are trademarks of Electronic Arts Inc. John Madden, NFL, FIFA and F1 are the property of their respective owners and used with permission.