---
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"
generated_at: "2026-06-04T18:38:14.847413+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# JAKKS Pacific redeems all Series A Preferred Stock for $35M in cash and stock

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000235
- JSON: https://secwatch.observer/filing/0001185185-24-000235.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000235.txt

## Key facts
- Material Agreements
  JAKKS PACIFIC INC entered into Redemption Agreement with holders of its Series A Senior Preferred Stock valued at $35 million (effective 2024-03-08).
  - Action: entry
  - Counterparty: holders of its Series A Senior Preferred Stock
  - Value: $35 million
  - Effective: 2024-03-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1009829/000118518524000235/0001185185-24-000235-index.htm

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