8-K - JAKKS Pacific, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

JAKKS Pacific, Inc. disclosed the establishment of performance criteria for the 2026 Annual Performance Bonuses for CEO Stephen G. Berman and CFO John L. Kimble. The bonuses are tied to achieving specific EBITDA targets, with maximum potential payouts of 300% and 200% of their respective 2026 base salaries.

Key Takeaways

1The Compensation Committee established EBITDA-based performance criteria for the 2026 Annual Performance Bonuses for CEO Stephen G. Berman and CFO John L. Kimble.

2CEO Stephen G. Berman's 2026 base salary is $1,875,000 with a maximum bonus potential of 300% ($5,625,000).

3CFO John L. Kimble's 2026 base salary is $632,700 with a maximum bonus potential of 200% ($1,265,400).

4EBITDA targets for bonus calculation range from more than $35,587,507 to less than $65,587,507 across four tiers.

5The Compensation Committee retains discretion to adjust performance criteria, bonus targets, and percentages for extraordinary items, strategic transaction fees, and economic conditions.

6Bonus percentages for the CEO range from 25% to 300% of salary based on EBITDA achievement, while CFO percentages range from 25% to 200%.

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Employmen

Management Change

$1.9M$5.6M$632.7K$1.3M

Executive & Director Changes

Stephen G. Berman

President and Chief Executive Officer

Compensatory arrangement established

John L. Kimble

Chief Financial Officer

Compensatory arrangement established

Exhibits (1)

8-K

FORM 8-K