EA authorizes $2.6B stock buyback, adds 16M shares to equity plan

ELECTRONIC ARTS INC.

Board authorized new $2.6B share repurchase program; will begin after current program completes (late Sept/early Oct 2022), expires Nov 4, 2024.
Stockholders approved amendment to 2019 Equity Incentive Plan, adding 16M shares; total reserved shares now 29.5M.
Shareholders approved reduction in threshold to call special meetings from 25% to 15%.
All eight director nominees elected; advisory vote on executive pay passed with 92% support.
Stockholder proposal on termination pay failed, with 47% for and 53% against.

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