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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) January 18, 2002
(January 9, 2002)
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 January 14, 2002.
Item 9. Regulation FD Disclosure.
On January 14, 2002, Activision, Inc. issued a press release announcing its
acquisition of the remaining outstanding 60% of capital stock of Gray Matter
Interactive Studios, Inc., pursuant to its exercise of an option therefor, dated
as of December 30, 1999, which press release is attached hereto as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: January 18, 2002
ACTIVISION, INC.
By: /s/ Brian G. Kelly
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Name: Brian G. Kelly
Title: Co-Chairman
Exhibit 99.1
FOR IMMEDIATE RELEASE For Information Contact:
Maryanne Lataif
VP, Corporate Communications
Activision, Inc.
(310) 255-2704
mlataif@activision.com
ACTIVISION ANNOUNCES ACQUISITION OF GRAY MATTER INTERACTIVE STUDIOS
Acquisition Further Bolsters Activision's Position as Leading Developer of
First-Person Action Games
Santa Monica, CA - January 14, 2002 - Activision, Inc. (Nasdaq: ATVI) today
announced that the company has exercised its option to acquire the remaining 60%
equity interest in Gray Matter Interactive Studios Inc., the developer of
Activision's holiday season blockbuster PC game, Return to Castle
Wolfenstein(TM).
The acquisition of Gray Matter, combined with Activision's Raven Software
studios, solidifies the company's industry leading position as a developer of
first-person action games. Today's announcement, which follows Activision's
recent acquisition of Treyarch Invention, LLC., further underscores the
company's commitment to acquire high-quality entertainment software developers
with proven technical and design talent.
"Activision has had a long-standing relationship with the principals at Gray
Matter beginning in 1998 with the development of id Software's QUAKE II(TM)
Mission Pack: The Reckoning(TM)," states Ron Doornink, President and COO of
Activision, Inc. "Gray Matter's proven track record in creating some of the most
memorable PC action games is aligned with Activision's strategy to acquire
companies with a history of creating high-quality products which over time can
enhance the company's financial operating model. Gray Matter has a very talented
team of programmers, designers and artists and we are confident that the
studio's development strengths will further establish Activision as a leader in
the PC action genre."
Gray Matter Interactive Studios is an L.A.-based game developer founded by the
top designers formerly from Xatrix Entertainment, the developer of such popular
games as Redneck Rampage and Kingpin. Industry veteran Drew Markham has signed a
long-term employment contract with Activision and will continue to manage Gray
Matter studios. Additionally, key employees also have signed long-term
employment contracts with Activision.
Under the terms of the agreement, Gray Matter Interactive Studios became a
wholly owned subsidiary of Activision. Activision issued 133,690 shares of
common stock in connection with the acquisition.
Activision does not expect this transaction to affect its previously announced
revenue and earnings per share guidance for the fiscal year ended March 31, 2002
or for fiscal year 2003.
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 $620 million
for the fiscal year ended March 31, 2001.
Activision maintains operations in the U.S., Canada, the United Kingdom, France,
Germany, Japan, Australia, 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 the prospectus filed as part of the above-mentioned
registration statement and in Activision's Annual Report on Form 10-K for the
fiscal year ended March 31, 2001, 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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