secwatch.observer — SEC 8-K summary
======================================

Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001185185-23-000289
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS sets 2023 CEO, COO, CFO bonus targets based on EBITDA milestones
----------------------------------------------------------------------

- CEO Berman salary $1.8M, max bonus 300% ($5.4M) at EBITDA >= $87.6M.
- COO McGrath salary $520,000, max bonus 125% ($650,000) at EBITDA >= $87.6M.
- CFO Kimble salary $562,432, max bonus 200% ($1.12M) at EBITDA >= $87.6M.
- Bonuses start at 25% of salary for EBITDA above $57.6M, scale linearly to max.
- Compensation Committee retains discretion to adjust criteria for extraordinary items.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523000289/0001185185-23-000289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518523000289/jakkspacif20230330b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000289

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer