secwatch.observer — SEC 8-K summary
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Issuer:     TAKE TWO INTERACTIVE SOFTWARE INC (TTWO)
CIK:        0000946581
Form:       8-K
Filed at:   2025-09-05T23:59:59+00:00
Accession:  0001193125-25-197270
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Take-Two adopts deferred compensation plan for key employees, effective Sept 1, 2025
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- Plan allows U.S. employees (including NEOs) and directors to defer up to 50% of salary, 90% of bonus, and 100% of director fees.
- Accounts are 100% vested at all times; no matching contributions, but discretionary company contributions permitted.
- Payments subject to six-month delay for specified key employees under IRC Section 409A.
- Plan is unfunded top-hat design; company may establish revocable trust but no funding obligation.
- Plan approved Aug 29, 2025, effective Sept 1, 2025; company can amend or terminate at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946581/000119312525197270/0001193125-25-197270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946581/000119312525197270/d64275d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-197270

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