---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-112829"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-10-01T20:06:09+00:00"
generated_at: "2026-10-12T14:22:02.302223+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Paramount Skydance names Mattel CEO Ynon Kreiz Co-CEO; WBD merger close set for Oct 6 at $31.02/share

## Summary
- Ynon Kreiz named Co-CEO and Board member effective Oct 5, 2026; David Ellison remains Chairman/CEO, keeping strategy, creative and technology; Kreiz oversees daily operations and integration.
- Five-year employment letter: base salary $3.5M rising to $5M after the WBD closing; target bonus $1.5M rising to $4.9M; annual equity awards $15M rising to $20.1M post-closing.
- Signing Award of 2,625,000 fully vested RSUs plus Pre-Closing Award of 1,250,000 RSUs; Post-Closing Award up to $5.1M, pro-rated; severance is 2x salary and target bonus over 24 months.
- WBD merger expected to close Oct 6, 2026; each WBD share converts to $31.00 cash plus $0.00277778 per day after Sept 30, 2026, or $31.01666668 if closing occurs on that date.
- Combined company expected to reach 200M-plus global streaming subscribers with more than $6B in run-rate synergies; Paramount projects 2026 revenue and EBITDA (preSBC) growth of 16-19%.

## SEC filing metadata
- accession: 0001104659-26-112829
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-10-01T20:06:09+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000110465926112829/0001104659-26-112829-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000110465926112829/tm2626659d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-112829
- JSON: https://secwatch.observer/filing/0001104659-26-112829.json
- Plain text: https://secwatch.observer/filing/0001104659-26-112829.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.