---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-079212"
form_type: "8-K"
ticker: "MAT"
cik: "0000063276"
company_name: "MATTEL INC /DE/"
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:16:43.517432+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mattel adopts amended executive severance plan with 2.0x/1.5x/1.0x multiples for top officers

## Summary
- Plan effective March 22, 2023; covers CEO, COO, CCO, CFO, and CLO.
- CEO: 2.0x severance multiple (24 months); CFO/COO/CCO: 1.5x (18 months); CLO: 1.0x (12 months).
- Non-change-of-control severance includes prorata bonus, equity vesting, health coverage, up to $50K outplacement.
- Change-of-control termination within 2 years: 2.0x lump sum, full equity acceleration, 2-year COBRA.
- CEO, CFO, COO get full acceleration and up to 3-year post-termination option exercise period.

## SEC filing metadata
- accession: 0001193125-23-079212
- form_type: 8-K
- ticker: MAT
- cik: 0000063276
- company_name: MATTEL INC /DE/
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/63276/000119312523079212/0001193125-23-079212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/63276/000119312523079212/d466726d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-079212
- JSON: https://secwatch.observer/filing/0001193125-23-079212.json
- Plain text: https://secwatch.observer/filing/0001193125-23-079212.txt

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