{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000235","form_type":"8-K","ticker":"JAKK","cik":"0001009829","company_name":"JAKKS PACIFIC INC","filed_at":"2024-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.080791+00:00","generated_at":"2026-06-04T18:38:14.847413+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"JAKKS Pacific redeems all Series A Preferred Stock for $35M in cash and stock","bullets":["Redeemed all outstanding Series A Senior Preferred Stock for $35M aggregate: $20M cash plus 571,295 common shares (~$15M at $26.26/share).","Preferred holders include Benefit Street Partners, Axar Master Fund, and Concise funds; company also entered Registration Rights Agreement for the common shares.","Redemption eliminates preferred dividend obligation and simplifies capital structure.","Shares issued represent about 5.3% of pre-existing common outstanding (10.2M shares pre-issuance)."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000235","json":"https://secwatch.observer/filing/0001185185-24-000235.json","markdown":"https://secwatch.observer/filing/0001185185-24-000235.md","text":"https://secwatch.observer/filing/0001185185-24-000235.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009829/000118518524000235/0001185185-24-000235-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009829/000118518524000235/jakkspacif20240313_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T18:38:14.847413+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":"00881616cf69a74191ff1b3ce2bbdb1cbc25ba59","claim":"JAKKS PACIFIC INC entered into Redemption Agreement with holders of its Series A Senior Preferred Stock valued at $35 million (effective 2024-03-08).","evidence_excerpt":"On March 8, 2024, the registrant entered into a Redemption Agreement (the “Redemption Agreement”) with the holders of its Series A Senior Preferred Stock (the “Preferred Stock”). Pursuant to the terms of the Redemption Agreement, the Company redeemed all outstanding shares of the Preferred Stock for an aggregate purchase price of $35 million, consisting of $20 million of cash and 571,295 shares of its common stock ( the “Common Stock”), valued at $15 million, or $26.26 per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009829/000118518524000235/0001185185-24-000235-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"holders of its Series A Senior Preferred Stock"},{"label":"Value","value":"$35 million"},{"label":"Effective","value":"2024-03-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}