ACTIVISION BLIZZARD,INC. (NASDAQ:ATVI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December31, 2018, Activision Blizzard,Inc. (the “Company”) notified Spencer Neumann, the Company’s current Chief Financial Officer, that the Company intends to terminate Mr.Neumann’s employment for cause unrelated to the Company’s financial reporting or disclosure controls and procedures. Mr.Neumann has been placed on a paid leave of absence from the Company pending an opportunity for him to demonstrate why cause does not exist to terminate his employment or why termination of his employment is not otherwise justified. In light of the above, effective January1, 2019, Mr.Dennis Durkin, our Chief Corporate Officer, will assume the duties of the principal financial officer (Chief Financial Officer) of the Company. In the event Mr.Neumann ultimately ceases to be the Chief Financial Officer, then Mr.Durkin will become the Chief Financial Officer. Mr.Durkin, 48, joined the Company in March2012 as Chief Financial Officer and served in that role until May2017. He has served in the role of Chief Corporate Officer since May2017 through the present.
About ACTIVISION BLIZZARD,INC. (NASDAQ:ATVI)
Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other segments. The Company also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. It offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems.
