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Electronic Arts Inc. (NASDAQ:EA) announced Thursday that its board of directors approved an amendment and restatement of the company’s Change in Control Severance Plan. The update includes a provision for a pro rata bonus for the year of employment termination, while other severance benefits remain consistent with those outlined in the company’s proxy statement filed on June 24, 2025. Additional changes were made to the administrative provisions and certain plan elements were updated to align with market practices. The company stated these amendments do not affect the overall severance amount.
At the annual meeting of stockholders held Thursday, shareholders voted on several proposals. The following directors were elected to serve until the next annual meeting: Kofi A. Bruce, Rachel A. Gonzalez, Jeffrey T. Huber, Talbott Roche, Richard A. Simonson, Luis A. Ubiñas, Heidi J. Ueberroth, and Andrew Wilson. Under their leadership, EA has maintained impressive profitability with a 79% gross margin and strong cash flows that adequately cover its moderate debt obligations. Voting results for the directors showed a majority of votes cast in favor of each nominee, with the number of “for” votes for each ranging from approximately 195 million to 209 million.
Shareholders also approved, on an advisory basis, the compensation of named executive officers, with 190,731,831 votes in favor, 20,344,577 votes against, and 630,235 abstentions. In addition, stockholders ratified the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2026, with 203,644,376 votes in favor, 19,929,918 against, and 265,686 abstentions.
This information is based on a press release statement and details disclosed in Electronic Arts’ Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Electronic Arts has seen several notable developments. Oppenheimer maintained its Outperform rating and a price target of $185.00 following the success of the Battlefield 6 beta test, which attracted over 5 million players. DA Davidson raised its price target for Electronic Arts from $150.00 to $160.00, citing increased confidence in the company’s outlook, though it maintained a Neutral rating due to concerns about challenges for the rest of the year. Raymond James reiterated its Market Perform rating on the stock, noting potential benefits from a "weak year for Call of Duty."
In terms of partnerships, Electronic Arts announced a collaboration with the National Hockey League to integrate official NHL EDGE data into EA SPORTS NHL 26, enhancing realism in sports gaming. Additionally, the company revealed that the deluxe edition cover of EA Sports NHL 26 will feature the Tkachuk family, including NHL players Matthew and Brady Tkachuk and their father, Keith Tkachuk. These developments highlight Electronic Arts’ ongoing efforts to innovate and expand its gaming portfolio.
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