Take-Two Interactive Software Approves Nonqualified Deferred Compensation Plan for Key Employees
ByAinvest
Friday, Sep 5, 2025 5:54 pm ET1min read
TTWO--
The deferred compensation plan allows eligible employees to defer up to 50% of their base salary and up to 90% of any annual cash bonus. Directors can defer up to 100% of their cash board retainers and meeting fees. The plan is designed to be unfunded and exempt from ERISA and Section 409A of the Internal Revenue Code, making it a "top-hat" plan [1].
The plan provides that participants will be 100% vested in their accounts at all times. The company will not provide matching contributions, but it may make discretionary contributions. Payment of plan accounts will occur consistent with the participant's election, with a six-month delay for "specified employees" upon separation from service [1].
The approval of this plan comes amidst a period of strong financial performance for Take-Two Interactive. The company reported a quarterly revenue of $1.50 billion, exceeding analyst estimates, and an earnings per share (EPS) of $0.61, beating the consensus estimate by $0.33. Additionally, institutional investors, including Ieq Capital LLC, have been increasing their stakes in the company [2].
References:
[1] https://www.stocktitan.net/sec-filings/TTWO/8-k-take-two-interactive-software-inc-reports-material-event-6705817fb62d.html
[2] https://www.marketbeat.com/instant-alerts/filing-ieq-capital-llc-buys-4457-shares-of-take-two-interactive-software-inc-ttwo-2025-09-02/
Take-Two Interactive Software has approved a nonqualified deferred compensation plan for some key employees. The plan allows certain employees to defer a portion of their compensation to a future date. The move aims to attract and retain top talent in the gaming industry.
Take-Two Interactive Software, Inc. (TTWO) has recently approved a nonqualified deferred compensation plan for certain key employees, including executive officers and directors. The plan, named the Take-Two Interactive Software, Inc. Deferred Compensation Plan, aims to attract and retain top talent in the gaming industry. The plan was approved by the Compensation Committee of the Board of Directors on August 29, 2025, and will be effective on September 1, 2025 [1].The deferred compensation plan allows eligible employees to defer up to 50% of their base salary and up to 90% of any annual cash bonus. Directors can defer up to 100% of their cash board retainers and meeting fees. The plan is designed to be unfunded and exempt from ERISA and Section 409A of the Internal Revenue Code, making it a "top-hat" plan [1].
The plan provides that participants will be 100% vested in their accounts at all times. The company will not provide matching contributions, but it may make discretionary contributions. Payment of plan accounts will occur consistent with the participant's election, with a six-month delay for "specified employees" upon separation from service [1].
The approval of this plan comes amidst a period of strong financial performance for Take-Two Interactive. The company reported a quarterly revenue of $1.50 billion, exceeding analyst estimates, and an earnings per share (EPS) of $0.61, beating the consensus estimate by $0.33. Additionally, institutional investors, including Ieq Capital LLC, have been increasing their stakes in the company [2].
References:
[1] https://www.stocktitan.net/sec-filings/TTWO/8-k-take-two-interactive-software-inc-reports-material-event-6705817fb62d.html
[2] https://www.marketbeat.com/instant-alerts/filing-ieq-capital-llc-buys-4457-shares-of-take-two-interactive-software-inc-ttwo-2025-09-02/
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