{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-045522","form_type":"8-K","ticker":"EA","cik":"0000712515","company_name":"ELECTRONIC ARTS INC.","filed_at":"2025-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.963534+00:00","generated_at":"2026-05-16T13:17:19.776746+00:00","sec_items":["8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"EA supplements merger proxy with financial forecasts and DCF details in response to shareholder lawsuits","bullets":["Three shareholder lawsuits filed in NY and CA allege omissions in proxy for $18B+ go-private acquisition by PIF/Silver Lake/Affinity.","Added financial forecasts: Net Bookings $7.85B-$11.25B, Adjusted EBITDA $2.76B-$4.50B for FY2026-FY2031; cash taxes and working capital also shown.","Goldman Sachs DCF: discount rate 7.5%-9.5%, perpetuity growth 2%-3%, yields present value range of $157-$236 per share.","Premia paid analysis for all-cash deals ≥$5B: 20%-51% premium range; implied equity value $203-$255 per share.","Current senior management expected to continue leading surviving corporation; no new exec compensation arrangements yet."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-045522","json":"https://secwatch.observer/filing/0001140361-25-045522.json","markdown":"https://secwatch.observer/filing/0001140361-25-045522.md","text":"https://secwatch.observer/filing/0001140361-25-045522.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712515/000114036125045522/0001140361-25-045522-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712515/000114036125045522/ef20061213_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:17:19.776746+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}