secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001185185-22-001228
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific Q3 sales up 36% to $323M; CEO/CFO employment extended to 2026
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- Net sales $323.0M (+36% YoY); Toys/Consumer Products up 56% to $269.6M; Costumes down 17% to $53.4M.
- GAAP EPS $2.96; adjusted EPS $3.80; adjusted EBITDA $59.4M vs $41.7M in Q3 2021.
- Year-to-date net sales of $664.3M exceeded full-year 2021 net sales of $621.1M; 2022 revenue growth guided ~20%.
- Optional $17.5M term-loan paydown brings year-to-date principal reductions to $29M (29% of Jan 1 balance); total debt $67.7M net.
- CEO Berman and CFO Kimble employment terms extended to Dec 31, 2026 with revised performance bonus ranges (CEO 25%-300% of salary, CFO 25%-200%) and RSU grants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518522001228/0001185185-22-001228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518522001228/jakkspacif20221026_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-001228

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