secwatch.observer — SEC 8-K summary
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Issuer:     JAKKS PACIFIC INC (JAKK)
CIK:        0001009829
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001185185-24-000367
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

JAKKS Pacific sets 2024 EBITDA-based bonus targets for CEO and CFO
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- CEO Stephen Berman: salary $1.825M; max bonus 300% ($5.475M) at EBITDA ≥$81.82M.
- CFO John Kimble: salary $584,929; max bonus 200% ($1.169M) at EBITDA ≥$81.82M.
- EBITDA target tiers: $51.82M (25% bonus), $61.82M (100% CEO/100% CFO), $71.82M (200%/150%), $81.82M (300%/200%).
- Compensation Committee may adjust criteria for extraordinary items or strategic transaction costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000367/0001185185-24-000367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1009829/000118518524000367/jakkspacif20240408_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000367

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