secwatch.observer — SEC 8-K summary
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Issuer:     ELECTRONIC ARTS INC. (EA)
CIK:        0000712515
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0000712515-22-000054
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EA adopts cash severance cap for executives; CEO sets 10b5-1 trading plan
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- Compensation Committee adopted policy capping new executive cash severance at 2.99x (base salary + target bonus) without stockholder ratification.
- Effective immediately; applies to all new employment/severance agreements or plans covering executive officers.
- CEO Andrew Wilson established a Rule 10b5-1 trading plan covering sales from Nov 28, 2022 through Nov 29, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712515/000071251522000054/0000712515-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712515/000071251522000054/ea-20220831.htm
  HTML page:      https://secwatch.observer/filing/0000712515-22-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer