Updated from March 1

Disappointing holiday sales didn't spoil the year for the chairman of video game maker Take-Two Interactive ( TTWO), who received a large bonus and generous salary despite the company's struggles. On Tuesday, the company announced Ryan Brant's year was even better than previously reported, as it admitted to errors in a regulatory filing.

Chairman and founder Brant, whose ouster has been called for by at least one analyst, took home a $2.9 million bonus in 2003, according to filings this week with the Securities and Exchange Commission.

That was on top of a base salary of $752,884, representing a 39% raise from his salary and bonus (excluding options) from a year earlier. Brant also received 150,000 shares of restricted stock and 300,000 options, up from 200,000 options in 2002.

Take-Two actually had to update its salary figures Tuesday after filing incorrect numbers Monday that left off the first digit. On Monday, for instance, the company said his salary was a modest $52,884, but another filing Tuesday changed that number to $752,884.

This generous compensation came in a year in which the company restated results, disclosed that the SEC had notified it of a likely civil action, and stood out as the one big video game maker with lackluster holiday sales.

A spokesperson for Take-Two, the maker of the hit Grand Theft Auto franchise, declined to comment.

The disclosure of Brant's salary comes amid a two-year investigation by the SEC into the company's accounting practices. It most recently culminated with a notice to Take-Two that the agency plans a civil action and with the company's restatement of financials for a second time in less than three years. Brant, an unidentified current employee and two former officers also received such notices of a civil action from the SEC.

Banc of America Securities analyst Gary Cooper made an appeal for Brant's departure a month ago, calling him the "one constant through Take-Two's years of accounting irregularities, SEC investigations and dubious operating decisions."

At the same time, Brant has exercised a significant number of options in 2003, worth a gross $10.4 million, Cooper calculated. Cooper has a neutral rating on Take-Two and his firm has done banking business with the company.

Brant, 32, served as the company's CEO from 1998 until February 2001 and has been chairman since 1993. In 2002, he received a $2 million bonus on top of a $641,058 salary, which the company erroneously reported Monday was only $41,058. In 2001, Brant's compensation was a comparatively humble $790,000 bonus, on top of a base salary of $575,000 and 479,560 stock options, according to the filing Tuesday. Monday's filing mistakenly showed his 2001 base salary at $75,000.

The other big wage-earner at Take-Two in 2003 was Kelly Sumner, who resigned as CEO in January 2003. Sumner received a bonus of $1.9 million on top of a base salary of $607,019 and 100,000 options. Sumner continues to serve in a "non-executive capacity," according to the filing.

Shares of Take-Two recently edged up 14 cents, or 0.4%, to $33.01. An announcement on the launch date of the latest Grand Theft Auto game pushed the stock up $1.57, or 5%, to close Monday at $32.87.