Kartoon Studios Invites Stockholders to 2024 Virtual Annual Meeting on May 23
Ticker: TOON · Form: DEF 14A · Filed: Apr 5, 2024 · CIK: 1355848
| Field | Detail |
|---|---|
| Company | Kartoon Studios, Inc. (TOON) |
| Form Type | DEF 14A |
| Filed Date | Apr 5, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.001, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: Kartoon Studios, Annual Meeting, Proxy Statement, Incentive Plan, Stockholders
TL;DR
<b>Kartoon Studios announces its 2024 virtual annual meeting on May 23, 2024, with key proposals including director elections and incentive plan amendments.</b>
AI Summary
Kartoon Studios, Inc. (TOON) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. Kartoon Studios will hold its 2024 annual meeting of stockholders virtually on May 23, 2024, at 10:00 a.m. PST. Stockholders will vote on electing eight directors, ratifying the appointment of WithumSmith+Brown, PC as independent auditors for FY2024, and approving an amendment to the 2020 Incentive Plan. The proposed amendment to the 2020 Plan includes increasing the share pool by 5,000,000 shares and extending the plan's duration. A proposal to adjourn the meeting if insufficient votes are cast for Proposal 3 will also be presented. The board of directors recommends approval for all proposals.
Why It Matters
For investors and stakeholders tracking Kartoon Studios, Inc., this filing contains several important signals. The virtual format allows broader participation but requires stockholders to be comfortable with remote access for voting and engagement. Approval of the incentive plan amendment is crucial for future employee and director compensation, potentially impacting stock dilution and retention.
Risk Assessment
Risk Level: low — Kartoon Studios, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
Analyst Insight
Stockholders should review the proposals, particularly the incentive plan amendment, and vote accordingly to influence future equity compensation and board composition.
Key Numbers
- 8 — Directors to be elected (Proposal 1)
- 5,000,000 — Additional shares for 2020 Plan (Proposal 3)
- 2024-05-23 — Annual Meeting Date (2024 Annual Meeting)
- 2024-04-05 — Filing Date (DEF 14A Filing)
Key Players & Entities
- Kartoon Studios, Inc. (company) — Registrant name
- May 23, 2024 (date) — Date of Annual Meeting
- eight (number) — Number of directors to be elected
- WithumSmith+Brown, PC (company) — Independent auditors
- December 31, 2024 (date) — Fiscal year end for auditor appointment
- 2020 Incentive Plan (plan) — Plan to be amended
- 5,000,000 (dollar_amount) — Additional shares for incentive plan
- April 5, 2024 (date) — Filing date
FAQ
When did Kartoon Studios, Inc. file this DEF 14A?
Kartoon Studios, Inc. filed this Proxy Statement (DEF 14A) with the SEC on April 5, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Kartoon Studios, Inc. (TOON).
Where can I read the original DEF 14A filing from Kartoon Studios, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Kartoon Studios, Inc..
What are the key takeaways from Kartoon Studios, Inc.'s DEF 14A?
Kartoon Studios, Inc. filed this DEF 14A on April 5, 2024. Key takeaways: Kartoon Studios will hold its 2024 annual meeting of stockholders virtually on May 23, 2024, at 10:00 a.m. PST.. Stockholders will vote on electing eight directors, ratifying the appointment of WithumSmith+Brown, PC as independent auditors for FY2024, and approving an amendment to the 2020 Incentive Plan.. The proposed amendment to the 2020 Plan includes increasing the share pool by 5,000,000 shares and extending the plan's duration..
Is Kartoon Studios, Inc. a risky investment based on this filing?
Based on this DEF 14A, Kartoon Studios, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.
What should investors do after reading Kartoon Studios, Inc.'s DEF 14A?
Stockholders should review the proposals, particularly the incentive plan amendment, and vote accordingly to influence future equity compensation and board composition. The overall sentiment from this filing is neutral.
How does Kartoon Studios, Inc. compare to its industry peers?
Kartoon Studios operates in the motion picture and video tape production industry, a sector characterized by content creation, intellectual property development, and distribution.
Are there regulatory concerns for Kartoon Studios, Inc.?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
Industry Context
Kartoon Studios operates in the motion picture and video tape production industry, a sector characterized by content creation, intellectual property development, and distribution.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
What Investors Should Do
- Review the proxy statement for details on director nominees and their qualifications.
- Understand the implications of the 2020 Incentive Plan amendment, including share dilution and potential impact on future equity awards.
- Vote on all proposals by the deadline to ensure your voice is heard in corporate governance matters.
Key Dates
- 2024-05-23: 2024 Annual Meeting of Stockholders — Key date for stockholder voting and participation.
- 2024-04-05: Filing Date of DEF 14A — Indicates when the proxy materials were officially submitted to the SEC.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a proxy statement for an annual meeting, and does not directly compare financial performance to a prior filing.
Filing Stats: 4,877 words · 20 min read · ~16 pages · Grade level 11.6 · Accepted 2024-04-05 17:15:03
Key Financial Figures
- $0.001 — f shares of our common stock, par value $0.001 per share (the “Common Stock&rdqu
- $25,000 — we will pay Morrow an estimated fee of $25,000 plus reasonable expenses. What Constit
Filing Documents
- kartoon_def14a.htm (DEF 14A) — 513KB
- image_001.jpg (GRAPHIC) — 4KB
- image_002.jpg (GRAPHIC) — 4KB
- image_003.jpg (GRAPHIC) — 131KB
- image_004.jpg (GRAPHIC) — 110KB
- image_006.jpg (GRAPHIC) — 127KB
- image_008.jpg (GRAPHIC) — 111KB
- 0001683168-24-002156.txt ( ) — 1186KB
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 7 MANAGEMENT AND CORPORATE GOVERNANCE 8 EXECUTIVE OFFICER AND DIRECTOR COMPENSATION 16 EQUITY COMPENSATION PLAN INFORMATION 26 REPORT OF AUDIT COMMITTEE 27 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 28 PROPOSAL 1 - ELECTION OF DIRECTORS 29 PROPOSAL 2 - ratification of APPOINTMENT of INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 30 PROPOSAL 3 - APPROVAL OF AMENDMENT TO THE 2020 PLAN TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE UNDER THE 2020 PLAN 32 PROPOSAL 4 - ADJOURNMENT TO SOLICIT ADDITIONAL PROXIES 35 CODE OF CONDUCT AND ETHICS 36 OTHER MATTERS 36 STOCKHOLDER PROPOSALS AND NOMINATIONS FOR DIRECTOR 36 Appendix A - Amended and Restated 2020 Plan A-1 i Kartoon Studios, Inc. 190 N. Canon Drive, 4th Floor Beverly Hills, CA 90210 PROXY STATEMENT KARTOON STUDIOS, INC. 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON THURSDAY, MAY 23, 2024 This proxy statement, along with the accompanying Notice of 2024 Annual Meeting of Stockholders, contains information about the 2024 Annual Meeting of Stockholders of Kartoon Studios, Inc. (the “Annual Meeting”), including any adjournments or postponements of the Annual Meeting. We are holding the Annual Meeting at 10:00 a.m. Pacific Standard Time, on Thursday, May 23, 2024, by means of remote communication via a live webcast accessible at www.virtualshareholdermeeting.com/TOON2024 . In this proxy statement, we refer to Kartoon Studios, Inc. as the “Company,” “we” and “us.” This proxy statement relates to the solicitation of proxies by our board of directors for use at the Annual Meeting. On or about April 5, 2024, we started mailing to our stockholders a Notice of Internet Availability of Proxy Materials containing instructions on how to access our proxy statement for the Annual Meeting and our 2023 Annual Report on Form 10-K,