Jakks Pacific INC 8-K Filing
Ticker: JAKK · Form: 8-K · Filed: Mar 27, 2026 · CIK: 0001009829
Sentiment: neutral
Filing Stats: 677 words · 3 min read · ~2 pages · Grade level 13.4 · Accepted 2026-03-27 09:04:28
Filing Documents
- jakk8k032626.htm (8-K) — 35KB
- 0001185185-26-001082.txt ( ) — 195KB
- jakk-20260325.xsd (EX-101.SCH) — 3KB
- jakk-20260325_lab.xml (EX-101.LAB) — 33KB
- jakk-20260325_pre.xml (EX-101.PRE) — 22KB
- jakk8k032626_htm.xml (XML) — 3KB
02. Departure of Directors or Principal Officers;
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Employment agreements for Stephen G. Berman, our President and Chief Executive Officer, and for John L. Kimble, our Chief Financial Officer, provide, inter alia, that for fiscal year 2026, their respective Annual Performance Bonuses (as such terms are defined in their respective employment agreements) will depend on our achieving certain performance criteria. The specific performance criteria are to be determined by the Compensation Committee (the "Compensation Committee") of our Board of Directors (the "Board") before the end of the Company's first fiscal quarter. The performance criteria for Messrs. Berman and Kimble's respective 2026 Annual Performance Bonuses have been established by the Compensation Committee and are set forth below. EBITDA (as defined in the respective employment agreements) is calculated before including Bonuses as an expense and one-time non-recurring costs for initiatives approved by the Board. The performance criteria, bonus targets and bonus percentages may be adjusted in the sole discretion of the Compensation Committee to take account of extraordinary or special items, and the Compensation Committee also specifically reserved the right to modify the performance criteria, bonus targets and bonus percentages in the exercise of its negative discretion to take account of investment banking, accounting and legal fees incurred in connection with any strategic transactions and unforeseen market and general economic conditions. To the extent that EBITDA exceeds the minimum EBITDA target amount but falls between two EBITDA target amounts, the amount of the Additional Performance Bonus shall be determined by the Compensation Committee through linear interpolation. Maximum Bonus Maximum Bonus Name Title 2026 Salary (%) ($) Stephen G. Berman CEO $ 1,875,000 300 % $ 5,625,