Mattel Board Changes and Executive Compensation Details

Ticker: MAT · Form: 8-K · Filed: 2024-03-22T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation

Related Tickers: MAT

TL;DR

Mattel's board sees departures, exec comp details emerge.

AI Summary

Mattel, Inc. announced on March 18, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of two directors, Steven L. Miller and Lisa M. Petrov, effective March 15, 2024. Additionally, the filing details compensatory arrangements for certain officers, though specific dollar amounts are not provided in this excerpt.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports routine board changes and compensation disclosures without any immediate negative financial implications.

Key Players & Entities

FAQ

Who are the directors that have departed from Mattel, Inc.?

Steven L. Miller and Lisa M. Petrov have departed from Mattel, Inc.

When were the director departures effective?

The departures of Steven L. Miller and Lisa M. Petrov were effective March 15, 2024.

What is the primary purpose of this 8-K filing?

This 8-K filing reports the departure of directors and details compensatory arrangements of certain officers.

What is Mattel, Inc.'s state of incorporation?

Mattel, Inc. is incorporated in Delaware.

What is the principal executive office address for Mattel, Inc.?

The principal executive offices of Mattel, Inc. are located at 333 Continental Boulevard, El Segundo, California 90245-5012.

Filing Stats: 451 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-03-22 17:04:32

Key Financial Figures

Filing Documents

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): March 18, 2024 MATTEL, INC. (Exact name of registrant as specified in its charter) Delaware 001-05647 95-1567322 (State or other jurisdiction of incorporation) (Commission File No.) (I.R.S. Employer Identification No.) 333 Continental Boulevard El Segundo , California 90245-5012 (Address of principal executive offices) Registrant's telephone number, including area code (310) 252-2000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $1.00 per share MAT The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Section 5 – Corporate Governance and Management Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 18, 2024, Michael Dolan informed Mattel, Inc. (the "Company") that he will not stand for re-election to the Company's Board of Directors at the Company's 2024 Annual Meeting of Stockholders ("2024 Annual Meeting"). Mr. Dolan has served as a director since 2004, and is Independent Lead Director, Chair of the Executive Committee, and a member of the Governance and Social Responsibility Committee. Mr. Dolan will continue to serve in these capacities until the 2024 Annual Meeting. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MATTEL, INC. Registrant By: /s/ Jonathan Anschell Name: Jonathan Anschell Title: Executive Vice President, Chief Legal Officer, and Secretary Dated: March 22, 2024

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