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Take-Two Interactive Software Inc. (NASDAQ:TTWO), currently trading near its 52-week high with a market capitalization of $44.2 billion, announced the adoption of a nonqualified deferred compensation plan for certain key employees, including named executive officers, according to a statement issued in a recent SEC filing. According to InvestingPro data, the company maintains a healthy financial position with liquid assets exceeding short-term obligations.
The company’s Compensation Committee approved the Take-Two Interactive Software, Inc. Deferred Compensation Plan on August 29, 2025. The plan became effective September 1, 2025. It is designed as an unfunded “top-hat” plan under the Employee Retirement Income Security Act of 1974 (ERISA), allowing a select group of management or highly compensated employees, as well as company directors, to defer a portion of their compensation.
Eligible employees may elect to defer up to 50% of their base salary and up to 90% of any annual cash bonus. Eligible directors can defer up to 100% of their board retainers and meeting fees. Participation elections are irrevocable, and participants are fully vested in their deferred compensation accounts at all times.
Take-Two will not provide matching contributions under the plan but may make discretionary contributions at its discretion. The company intends to establish a revocable trust to hold assets for potential plan distributions, but the plan remains unfunded for ERISA and tax purposes. Payments from the plan will be made according to the participant’s election, though a six-month delay applies for certain specified employees upon separation from service, in compliance with Section 409A of the Internal Revenue Code.
Take-Two retains the right to amend, modify, or terminate the plan at any time, provided that no changes will reduce amounts already accrued and vested.
This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission. While analysts remain optimistic about Take-Two’s prospects, with consensus forecasting profitability this year, detailed analysis and additional insights are available through InvestingPro’s comprehensive research reports, which cover over 1,400 top US stocks.
In other recent news, Take-Two Interactive has reported impressive financial results for the first quarter of fiscal year 2026. The company achieved net bookings of $1.423 billion, surpassing the consensus estimate of $1.310 billion, and reported adjusted earnings per share of $0.61, significantly above the expected $0.29. Following these strong results, Take-Two raised its fiscal year 2026 guidance to a range of $6.05 billion to $6.15 billion, up from the previous $5.9 billion to $6.0 billion. Several analyst firms have responded positively to these developments. Rothschild Redburn increased its price target for Take-Two to $260 while maintaining a Buy rating, citing the upcoming release of Grand Theft Auto VI as a factor. Benchmark also raised its price target to $275, emphasizing the company’s strong quarterly performance. Additionally, Oppenheimer reiterated its Outperform rating with a $265 price target, noting significant growth in recurring consumer spending, particularly from the NBA 2K franchise. DA Davidson further raised its price target to $270, highlighting the success of mobile titles and key franchises.
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