Kartoon Studios Files Proxy Statement

TL;DR

Kartoon Studios (GNUS) filed its proxy statement, shareholders vote soon.

AI Summary

Kartoon Studios, Inc. (formerly Genius Brands International, Inc.) is filing a Definitive Proxy Statement (DEFA14A) on April 10, 2024. This filing concerns the company's proxy materials, which are used to solicit votes from shareholders for upcoming meetings. The company is incorporated in Nevada and headquartered in Beverly Hills, California.

Why It Matters

This filing is crucial for shareholders as it outlines the proposals and information needed to make informed voting decisions at the company's shareholder meeting.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not inherently introduce new financial or operational risks.

Key Players & Entities

• Kartoon Studios, Inc. (company) — Registrant
• Genius Brands International, Inc. (company) — Former company name
• PACIFIC ENTERTAINMENT CORP (company) — Former company name
• 190 N. CANON STREET (location) — Business and Mail Address
• BEVERLY HILLS (location) — City
• CA (location) — State
• NV (location) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — Company’s common stock, par value $0.001 per share (the “Common Stock&rdqu

Filing Documents

• toon_defa14a.htm (DEFA14A) — 24KB
• image_010.jpg (GRAPHIC) — 5KB
• 0001683168-24-002277.txt ( ) — 32KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) þ Filed by the Registrant ¨ Filed by a Party other than the Registrant Check the appropriate box: ¨ Preliminary Proxy Statement ¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ¨ Definitive Proxy Statement þ Definitive Additional Materials ¨ Soliciting Material Pursuant to §240.14a-12 Kartoon Studios, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): þ No fee required. ¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: ¨ Fee paid previously with preliminary materials. ¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Kartoon Studios, Inc. 190 N. Canon Drive, 4th Floor Beverly Hills, California 90210 SUPPLEMENT TO THE PROXY STATEMENT FOR THE 2024 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON THURSDAY, MAY 23, 2024 This proxy statement supplement (this “Supplement”), dated April 10, 2024, supplements the definitive proxy statement (the “Proxy Statement”) filed by Kartoon Studios, Inc. (the “Company”) with the U.S. Securities and Exchange Commission (the “SEC”) on April 5, 2024, and made available to the Company’s stockholders in connection with the solicitation of proxies by the board of directors of the Company (the “Board”) for the 2024 annual meeting of stockholders (the “Annual Meeting”) and any adjournment or postponement thereof. Updated Information Regarding Proposal 4 The New York Stock Exchange (“NYSE”) notified the Company of the NYSE’s ruling that Proposal 4 in the Proxy Statement (to approve a proposal to adjourn the Annual Meeting to solicit additional proxies if there are insufficient votes at the time of the meeting to adopt Proposal 3, which is the proposal to approve a proposed amendment to the Kartoon Studios, Inc 2020 Incentive Plan (the “2020 Plan”) to increase the aggregate number of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), available for issuance under the 2020 Plan by 5,000,000 shares and extend the duration of the 2020 Plan) is a “non-routine” matter under NYSE rules. Therefore, brokerage firms may not vote uninstructed shares regarding Proposal 4. The Proxy Statement previously advised stockholders that Proposal 4 is a discretionary or “routine” matter. As a result of NYSE’s ruling, the following subsections of the section titled “Important Information About The Annual Meeting and Voting” contained in the Proxy Statement are hereby amended and restated in their entirety to read as follows: Will My Shares be Voted if I Do Not Vote? If your shares are registered in your name or if you have stock certificates, they will not be counted if you do not vote as described above under “How Do I Vote?” If your shares are held in street name and you do not provide voting instructions to the bank, broker or other nominee that holds your shares as described above, the bank, broker or other nominee that holds your shares has the authority to vote your unvoted shares only on matters that are deemed “routine,” such as the proposal to ratify the appointment of the auditors (Proposal 2). Therefore, we encourage you to provide voting instructions to your bank, broker or other nominee. This ensures your shares will be voted at the Annual Meeting and in the manner you desire. A “broker non-vote” will occur if your broker cannot vote your shares on a particular matter because it has not received instructions from you and does not have discretionary voting authority on that matter or because your broker chooses not to vote on a matter for which it does have discretionary voting authority. 2 What Vote is Re

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View this DEFA14A filing on SEC EDGAR