Take-Two Shareholder meeting results

by: Dan -
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Take-Two announced yesterday that their shareholder voted overwhelmingly to accept all of the Company's proposals. This included re-electing the existing Board of Directors and appointing of Ernst & Young as the company's public accounting firm. The re-election of the board was important due to the pending EA unsolicited Bid. Of significant help to EA would have been the stockholders removing some, or all of the current board, and electing board members more friendly to a takeover. See the Take-Two release on the next page for all the information:
Take-Two Interactive Software, Inc. Announces Results of Annual Meeting of Stockholders
Stockholders Re-elect Board of Directors and Vote in Favor of all Other Proposals

NEW YORK--(BUSINESS WIRE)--Take-Two Interactive Software, Inc. (NASDAQ: TTWO) today announced the results of the stockholder vote at the Annual Meeting of Stockholders held today. Stockholders voted by a significant majority in favor of all of the proposals as detailed in Take-Two’s proxy filing.

Take-Two’s Board of Directors was re-elected and stockholders approved a proposal to amend the Company’s Incentive Stock Plan. Stockholders also approved the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2008.

“Today’s vote demonstrates stockholders’ confidence in management and the Board of Directors of Take-Two,” said Strauss Zelnick, Chairman of the Board of Take-Two. “The Board and management remain committed to acting in the best interests of stockholders. We are confident in the significant growth potential of Take-Two and in the unique value of our business given our strong position in this dynamic industry.”

A listen-only archive of the webcast of the Annual Meeting of Stockholders is available via the internet by visiting http://ir.take2games.com.
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