{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000197","form_type":"8-K","ticker":"JAKK","cik":"0001009829","company_name":"JAKKS PACIFIC INC","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.464544+00:00","generated_at":"2026-06-18T05:11:23.453317+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"JAKKS Pacific Q4 sales $131.9M, -30% YoY; FY sales +28% to $796.2M; adjusted EBITDA +55%","bullets":["Q4 net sales $131.9M (-30% YoY); adjusted net loss $14.0M ($1.44/share) vs. adjusted net income $1.3M in Q4 2021.","Full-year net sales $796.2M (+28% YoY); adjusted net income $43.4M ($4.28/share) vs. $23.6M ($2.59) in 2021.","Full-year adjusted EBITDA $76.4M (+55%); operating cash flow $86.1M; long-term debt reduced 55% YoY.","Q4 includes $52.6M non-cash deferred tax asset gain; net income $38.9M vs. net loss $3.5M YoY.","COO Jack McGrath to become President European Operations effective Jan 1, 2024; salary $500K; term to Dec 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000197","json":"https://secwatch.observer/filing/0001185185-23-000197.json","markdown":"https://secwatch.observer/filing/0001185185-23-000197.md","text":"https://secwatch.observer/filing/0001185185-23-000197.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/jakkspacif20230309_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T05:11:23.453317+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88f0239673cb47d389d7047dd1b5819ed03249dc","claim":"JAKKS PACIFIC INC reported the fourth quarter ended December 31, 2022 results: revenue $131.9 million, net income $38.9 million, EPS $3.79 per diluted share.","evidence_excerpt":"March 9, 2023 – JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the fourth quarter ended December 31, 2022. Fourth Quarter 2022 ● Net sales were $131.9 million compared to $188.0 million last year; a 30% decrease ● Gross margin of 21.7%, negatively impacted by lower capitalization of warehouse costs, higher tooling amortization,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$131.9 million"},{"label":"Net income","value":"$38.9 million"},{"label":"EPS","value":"$3.79 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"94245d43fedc5fcc19e59ce5bb0669f0c48c9e0c","claim":"JAKKS PACIFIC INC reported the full year ended December 31, 2022 results: revenue $796.2 million, net income $91.3 million, EPS $4.28 per diluted share.","evidence_excerpt":"income attributable to common stockholders of $1.3 million in Q4 2021 ● Adjusted EBITDA of $(12.1) million, down from $5.0 million in Q4 2021. Full-Year 2022 ● Net sales were $796.2 million compared to $621.1 million last year; a 28% increase ● Gross margin of 26.5% compared to 29.5% last year ● Operating income of $61.0 million compared to $38.8 million last year;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2022"},{"label":"Revenue","value":"$796.2 million"},{"label":"Net income","value":"$91.3 million"},{"label":"EPS","value":"$4.28 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"416fd1858c","claim":"Jack McGrath changed role as President European Operations at JAKKS PACIFIC INC.","evidence_excerpt":"effective January 1, 2024, Mr. McGrath will be assigned to our United Kingdom (\"UK\") office as President European Operations at an annual salary of US$500,000.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009829/000118518523000197/0001185185-23-000197-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assigned"},{"label":"Role","value":"President European Operations"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}