On this page of StockholderLetter.com we present the latest annual shareholder letter from ELECTRONIC ARTS INC. — ticker symbol EA. Reading current and past EA letters to shareholders can bring important insights into the investment thesis.

 •  6/14/2024 Letter Continued (Full PDF)
 •  6/23/2023 EA Stockholder Letter
 •  More "Application Software" Category Stockholder Letters
 •  EA Benford's Law Stock Score = 86

EA Shareholder/Stockholder Letter Transcript:

Notice of
2024
Annual Meeting and
Proxy Statement

Our Purpose and Beliefs
At EA, our Purpose and Beliefs are the foundations of
our shared culture. Our Purpose and Beliefs motivate
us. Unite us. Inspire us.
CREATIVITY
PIONEERING
PASSION
Striving to bring imagination, original
ideas, and excitement to everything
we do.
Acting with the curiosity and courage
that it takes to experiment, innovate
and lead.
We are at our best when we pursue
what we love, and have fun doing it.
DETERMINATION
LEARNING
TEAMWORK
Bringing focus, drive and conviction
to our actions. Thriving on the
journey and being motivated to
achieve excellence.
Listening, having humility and being
open to new ways of thinking, and
looking with a lens of inclusion.
Challenging ourselves to grow and
change as a company.
Committed to each other, and to the
accountability and integrity it takes
to be a successful diverse team.

Letter from our CEO and Board Chair
Looking over the past year, I am inspired by how our teams continue to create and deliver more innovative content and deeper
experiences than ever. We delivered award-winning games and services to our players that entertained and connected hundreds of
millions of players around the globe. Amidst a changing industry environment, we continue to execute against our core strategies of
entertaining and engaging massive online communities, telling blockbuster stories and harnessing the power of community in and around
our games to capture our biggest opportunities and deliver long-term value. We believe that we are well-positioned for continued growth
and impact in the years ahead.
FISCAL 2024 HIGHLIGHTS
As we   ve demonstrated several times in the past by building some of the world   s largest franchises, when EA rallies behind a shared goal,
we deliver more creativity and cutting-edge experiences for players. The most recent example of this is the incredible launch of EA
SPORTS FC, a multi-platform experience and profound moment for our players, teams and partners. Across our portfolio, we continued to
deliver for our players, launching eleven new releases, including eight EA SPORTS titles, while providing over 600 content updates.
Fiscal year 2024 proved to be a highly dynamic market, where consumer attention and spend increasingly consolidated in top franchises.
For a company that has some of the biggest IP in the world, this trend presents an incredible opportunity to evolve as an industry leader.
Against that backdrop, we refocused our long-term strategy while delivering earnings growth and record operating cash flow.
FOCUS ON IMPACT
We are inspired to pay forward our passion and creativity in service of one another and the communities in which we live, work, and play.
Through conversation, connection, and learning, we work to create an inclusive and healthy culture. We have made great strides in creating
experiences where all people are welcomed, safe and included. Our social impact programs continue to invest in local communities,
including through our FC Futures program which delivered over 12,000 footballs to grassroots clubs, coaches and children. And, we
have advanced our environmental sustainability programs and practices. This year, we announced commitments to be carbon neutral
for operations by 2027 and to become a net zero enterprise in alignment with the historic Paris Agreement. We   ve already made strides
towards these goals, achieving carbon neutrality for our North America operational emissions.
OUR BOARD OF DIRECTORS
The composition of our Board reflects a diversity of expertise, industry experience and backgrounds across competencies that are critical to
the oversight of our long-term strategy, including digital commerce, sports & entertainment, the application of emerging technology and risk
management. We maintain a thoughtful director selection process to build a Board with the right mix of skills and perspectives to guide and
oversee our strategic plan. Our director identification process is ongoing as we continually seek highly qualified candidates, focusing on areas
where additional breadth and depth can support our Board   s current skill-set as we build for the future of interactive entertainment.
OUR NEXT STEPS
This is an exciting time for Electronic Arts. We are leading the future of entertainment in a dynamic industry. There are billions of players
around the world and this number is expected to increase as younger generations are choosing gaming as their number one form of
entertainment     generating incredible opportunities for us to engage and deliver new experiences. With cultural and generational trends
continuing to expand the definition of entertainment, players and fans are increasingly looking to us to deliver the entertainment they
want today and tomorrow: bigger, bolder, more connected experiences where they can play, watch, create, and connect like never before.
Our teams are the best in the business, delivering awesome gameplay, innovation, and unmatched authenticity. We   re proud of our
performance in service of our stockholders, employees, players, and communities. Our business remains strong, and I could not be more
excited about our future as we bring more amazing games and experiences to more people around the world. We thank you for your
investment in Electronic Arts, as we write the next great chapter of our story together.
Sincerely,
ANDREW WILSON
Chief Executive Officer and Board Chair
2024 PROXY STATEMENT
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Notice of Annual Meeting of Stockholders
Date and Time
August 1, 2024 (Thursday)
2:00 pm (Pacific)
Location
Virtually at www.virtualshareholder
meeting.com/EA2024
Who Can Vote
Stockholders as of June 6, 2024
are entitled to vote.
Voting Items
PROPOSALS
1
To elect the eight nominees
listed in the Proxy Statement
to the Board of Directors
to hold office for a oneyear term.
       FOR    each
director
nominee
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3
4
To conduct an advisory vote
to approve named executive
officer compensation.
To ratify the appointment of
KPMG LLP as our independent
registered public accounting
firm for the fiscal year ending
March 31, 2025.
To approve our Amended
and Restated 2019 Equity
Incentive Plan.

   FOR   
Page 62

   FOR   
Page 63

   FOR   
Page 64
Page 65
Stockholders will also act on any other matters that may properly come before the meeting. Any action on the items of business described above
may be considered at the 2024 Annual Meeting of Stockholders (the    Annual Meeting   ) at the time and on the date specified above or at any time
and date to which the Annual Meeting may be properly adjourned or postponed.
This year, we will hold the Annual Meeting virtually. There will not be a physical location for the Annual Meeting to attend the Annual Meeting in
person. We believe that holding our Annual Meeting virtually allows for a broader audience that ensures an equitable viewing and participation
experience for all stockholders, regardless of geographic location.
For more information on how to attend the Annual Meeting, please see page 72 of this Proxy Statement.
Your vote is important. You do not need to attend the Annual Meeting to vote if you have submitted your proxy in advance of the meeting. Whether
or not you plan to attend the Annual Meeting, we encourage you to read this Proxy Statement and submit your proxy or voting instructions as
soon as possible so that your shares may be represented at the Annual Meeting. In the event of a technical malfunction or situation that makes it
advisable to adjourn the Annual Meeting, the chair will convene the meeting at 2:30 p.m. Pacific Time on August 1, 2024 at the Company   s principal
business address solely for the purpose of adjourning the meeting to reconvene at a date, time and location announced by the meeting chair. If
this happens, more information will be provided at https://ir.ea.com.
By Order of the Board of Directors,
JACOB J. SCHATZ
EVP of Global Affairs, Chief Legal Officer and Corporate Secretary
How to Vote
Online Before the Meeting
Telephone
Mail
Online at the Meeting
Visit www.proxyvote.com
and follow the instructions
provided in the Notice.
Follow the instructions
provided on your proxy card
or voting instruction card.
Submit your proxy by mail
by signing your proxy card,
and mail it in the enclosed,
postage-paid-envelope.
Attend the Annual Meeting virtually at
www.virtualshareholdermeeting.com/
EA2024 and follow the instructions on
the website.
Important Notice Regarding the Availability of Proxy Materials for the Annual Stockholder Meeting to Be Held on August 1, 2024.
Please note that this Proxy Statement, as well as our Annual Report on Form 10-K (the    Annual Report   ) for the fiscal year ended March 31,
2024, is available at http://ir.ea.com.
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Table of Contents
Letter from our CEO and Board Chair
Notice of Annual Meeting of Stockholders
Proxy Highlights
Board of Directors and Corporate Governance
Board Nominees and Structure
Board   s Role and Responsibilities
Board Policies
Director Compensation
Compensation Discussion & Analysis
Executive Summary
Stockholder Engagement
Process for Determining Our NEOs    Compensation
Fiscal Year 2024 Compensation for Our New CFO
Our NEOs    Fiscal Year 2024 Compensation
Other Compensation Practices and Policies
Compensation Committee Report on Executive Compensation
Executive Compensation Tables
Fiscal Year 2024 Summary Compensation Table
Fiscal Year 2024 Grants of Plan-Based Awards Table
Outstanding Equity Awards at Fiscal Year 2024 Year-End Table
Potential Payments Upon Termination or Change in Control
Fiscal Year 2024 Pay Ratio
Pay Versus Performance Table
Equity Compensation Plan Information
Audit Matters
Selection and Engagement of Independent Registered Public Accounting Firm
Fees of Independent Auditors
Pre-approval Procedures
Report of the Audit Committee of the Board of Directors
Stock Ownership Information
Security Ownership of Certain Beneficial Owners and Management
Stock Ownership Requirements
Delinquent Section 16(a) Reports
Insider Trading, Anti-Hedging and Anti-Pledging Policies
Proposals to be Voted on
Proposal 1: Election of Directors
Proposal 2: Advisory Vote to Approve Named Executive
Officer Compensation
Proposal 3: Ratification of the Appointment of KPMG LLP,
Independent Public Registered Accounting Firm
Proposal 4: Approval of Our Amended and Restated 2019
Equity Incentive Plan
Other Information
Appendix A: Supplemental Information for CD&A
Appendix B: Amended and Restated 2019 Equity Incentive Plan
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2
4
8
8
17
19
20
23
23
26
27
28
29
42
43
44
44
46
48
50
53
54
56
57
57
58
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60
60
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62
In this Proxy Statement, we make
forward-looking statements regarding
future events or the future financial
performance of the Company. We use
words such as    anticipate,       believe,   
   expect,       intend,       estimate,       plan,   
   predict,       seek,       goal,       will,       may,   
   likely,       should,       could,       continue,   
   potential    (and the negative of any
of these terms),    future    and similar
expressions to identify forwardlooking statements. In addition, any
statements that refer to projections
of our future financial performance,
trends in our business, projections of
markets relevant to our business, our
corporate responsibility initiatives
(including environmental, social and
impact matters), uncertain events and
assumptions and other characterizations
of future events or circumstances are
forward-looking statements. These
forward-looking statements are
aspirational, are not guarantees of future
performance and reflect management   s
current expectations. Statements
regarding our corporate responsibility
initiatives may also be based on
standards for measuring progress that
are still developing, internal controls
that are evolving, and on assumptions
that are subject to change in the future;
in the context of this disclosure, they
may also not be considered material for
purposes of reporting with the Securities
and Exchange Commission. Our actual
results could differ materially from
those discussed in the forward-looking
statements. Please refer to the Annual
Report for a discussion of important
factors that could cause actual events
or actual results to differ materially from
those discussed in this Proxy Statement.
These forward-looking statements
speak only as of the date of this Proxy
Statement; we assume no obligation to
revise or update any forward-looking
statement for any reason, except as
required by law.
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63
64
65
72
77
80
2024 PROXY STATEMENT
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 6/14/2024 Letter Continued (Full PDF)