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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) October 11, 2002
(October 4, 2002)
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ACTIVISION, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-12699 95-4803544
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State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
3100 Ocean Park Blvd., Santa Monica, CA 90405
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (310) 255-2000
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(Former Name or Former Address, if Changed Since Last Report)
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Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press Release of Activision, Inc., dated October 4, 2002.
99.2 Press Release of Activision, Inc., dated October 11, 2002.
Item 9. Regulation FD Disclosure.
On October 4, 2002, Activision, Inc. issued a press release announcing a
buyback program under which the company can repurchase up to $150 million of its
common stock, which press release is attached hereto as Exhibit 99.1.
On October 11, 2002, Activision, Inc. issued a press release announcing its
acquisition of Luxoflux Corporation, a Santa Monica-based software developer,
which press release is attached hereto as Exhibit 99.2.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: October 11, 2002
ACTIVISION, INC.
By: /s/ Ronald Doornink
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Name: Ronald Doornink
Title: President
2
Exhibit 99.1
FOR IMMEDIATE RELEASE Contacts: Kristin Mulvihill Southey
Vice President, Investor Relations
(310) 255-2635
ksouthey@activision.com
Maryanne Lataif
Vice President, Corporate Communications
(310) 255-2704
mlataif@activision.com
ACTIVISION ANNOUNCES $150 MILLION REPURCHASE PROGRAM
Santa Monica, CA - October 4, 2002 - Activision, Inc. (Nasdaq: ATVI) today
announced that its Board of Directors has authorized a buyback program under
which the company can repurchase up to $150 million of its common stock. Under
the program, shares may be purchased as determined by the company from time to
time in the open market or in privately negotiated transactions, including
privately negotiated structured call option transactions, and through
transactions in the options markets. Depending on market conditions and other
factors, these purchases may be commenced or suspended at any time or from
time-to-time without prior notice.
Activision also reaffirmed its previously released earnings per share guidance
of $0.09 and revenue guidance of $155 million for the fiscal quarter ended
September 30, 2002. The company expects to issue its earnings release on October
29, 2002.
Headquartered in Santa Monica, California, Activision, Inc. is a leading
worldwide developer, publisher and distributor of interactive entertainment and
leisure products. Founded in 1979, Activision posted revenues of $786 million
for the fiscal year ended March 31, 2002.
Activision maintains operations in the U.S., Canada, the United Kingdom, France,
Germany, Japan, Australia, Scandinavia and the Netherlands. More information
about Activision and its products can be found on the company's World Wide Web
site, which is located at www.activision.com.
The statements contained in this release that are not historical facts are
"forward-looking statements. The Company cautions readers of this press release
that a number of important factors could cause Activision's actual future
results to differ materially from those expressed in any such forward-looking
statements. These important factors, and other factors that could affect
Activision, are described in Activision's Annual Report on Form 10-K for the
fiscal year ended March 31, 2002, which was filed with the United States
Securities and Exchange Commission. Readers of this press release are referred
to such filings.
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Exhibit 99.2
FOR IMMEDIATE RELEASE For Information, Contact:
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Maryanne Lataif
Vice President, Corporate Communications
Activision, Inc.
(310) 255-2704
mlataif@activision.com
ACTIVISION ACQUIRES SOFTWARE DEVELOPER
LUXOFLUX CORPORATION
Luxoflux is Currently in Development with
True Crime(TM): Streets of LA(TM) and Sequel to "Shrek"
Santa Monica, CA - October 11, 2002 - Further enhancing its internal console
development capabilities, Activision, Inc. (Nasdaq: ATVI), today announced the
acquisition of software developer Luxoflux Corporation.
Activision and Luxoflux have collaborated since 1997 most recently on LucasArts
Entertainment's Star Wars Demolition. Luxoflux is currently in development on
Activision's upcoming title True Crime: Streets of L.A and a game based on the
sequel to DreamWorks Pictures' blockbuster Academy Award(R) winning feature film
"Shrek" which is being co-developed and co-published by TDK Mediactive, Inc. and
Activision.
Founded by Adrian Stephens and Peter Morawiec, Luxoflux operates a 30-person
studio in Santa Monica, CA. The company has proprietary technology that can be
used to create compelling interactive entertainment experiences across multiple
console platforms. Under the terms of the agreement, Luxoflux has become a
wholly owned subsidiary of Activision. As part of the transaction, Luxoflux's
management team and key employees have signed long-term employment contracts
with Activision.
Activision's Executive Vice President of Worldwide Studios, Larry Goldberg,
said, "Luxoflux's strong and diverse talent pool further enhances our product
development capabilities and will play a key role in Activision's continued
leadership on the console platforms. Luxoflux has a proven track record in
developing fun and compelling games and we are confident that their best work is
yet to come."
"We are delighted to become a part of the oldest independent video game
publisher in the world," states Adrian Stephens, president of Luxoflux. "We look
forward to continuing to contribute to the company's success with our unique
brand of original gameplay and technology."
Headquartered in Santa Monica, California, Activision, Inc. is a leading
worldwide developer, publisher and distributor of interactive entertainment and
leisure products. Founded in 1979, Activision posted revenues of $786 million
for the fiscal year ended March 31, 2002.
Activision maintains operations in the U.S., Canada, the United Kingdom, France,
Germany, Japan, Australia, Scandinavia and the Netherlands. More information
about Activision and its products can be found on the company's World Wide Web
site, which is located at www.activision.com.
The statements contained in this release that are not historical facts are
"forward-looking statements." The Company cautions readers of this press release
that a number of important factors could cause Activision's actual future
results to differ materially from those expressed in any such forward-looking
statements. These important factors, and other factors that could affect
Activision, are described in Activision's Annual Report on Form 10-K for the
fiscal year ended March 31, 2002, which was filed with the United States
Securities and Exchange Commission. Readers of this press release are referred
to such filings.
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