SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
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COMMISSION FILE NUMBER
0-29230
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CUSIP NUMBER
874054109
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NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K [_] Form 11-K [_] Form 20-F [ ] Form 10-Q
[_] Form N-SAR
For Period Ended: October 31, 2001
[_] Transition Report on Form 10-K
[_] Transition Report on Form 20-F
[_] Transition Report on Form 11-K
[_] Transition Report on Form 10-Q
[_] Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
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PART I -- REGISTRANT INFORMATION
Take-Two Interactive Software, Inc.
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Full Name of Registrant
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Former Name If Applicable
575 Broadway
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Address of Principal Executive Office (Street and Number)
New York, New York 10012
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City, State and Zip Code
PART II -- RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)
| (a) The reasons described in reasonable detail in Part III of this
| form could not be eliminated without unreasonable effort or
| expense;
|
| (b) The subject annual report, semi-annual report, transition report
| on Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or portion
[X] | thereof, will be filed on or before the fifteenth calendar day
| following the prescribed due date; or the subject quarterly
| report or transition report on Form 10-Q, or portion thereof will
| be filed on or before the fifth calendar day following the
| prescribed due date; and
|
| (c) The accountant's statement or other exhibit required by Rule
| 12b-25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail why the Form 10-K, 11-K, 20-F 10-Q, N-SAR or
the transition report portion thereof could not be filed within the prescribed
time period. (Attach Extra Sheets if Needed.)
The Form 10-K for the fiscal year ended October 31, 2001 could not be
filed within the prescribed time period due to unanticipated delays arising in
connection with its preparation.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Ken Selterman 212 334-6633
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is
no, identify report(s).
[X] Yes [_] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion
thereof?
[X] Yes [_] No
If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
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Take-Two Interactive Software , Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: January 29, 2002 By /s/ Kelly Sumner
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Kelly Sumner
Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (see 18 U.S.C. 1001).
TAKE-TWO INTERACTIVE SOFTWARE, INC.
ATTACHMENT TO PART IV OF FORM 12b-25
WITH RESPECT TO ITS FORM 10-K FOR THE
FISCAL YEAR ENDED OCTOBER 31, 2001
As disclosed in its December 17, 2001 press release, the registrant
intends to restate its financial statements for the fiscal year ended October
31, 2000 ("Fiscal 2000") and the quarters ended January 31, April 30 and July
31, 2001.
The restatement of the Fiscal 2000 financial statements is expected to
result in a decrease in net sales and net income from previously reported
amounts. As previously announced, the registrant also expects that its results
of operations for the fiscal year ended October 31, 2001 ("Fiscal 2001"), which
will be reflected in its consolidated statements of operations to be included on
Form 10-K, will reflect an increase in net sales when compared to Fiscal 2000
both as previously reported and as expected to be restated.
In addition, as previously announced, the registrant also expects that
net income for Fiscal 2001 will decrease when compared to net income for Fiscal
2000, both as reported and as expected to be restated.
The registrant is unable to provide an estimate of any component of its
statement of operations because its financial statements for Fiscal 2001 and
restated financial statements for Fiscal 2000 and the interim quarters in Fiscal
2001 have not yet been finalized.