leadership
confidence high
sentiment neutral
materiality 0.60
Funko founder Brian Mariotti resigns from board and as employee, becomes advisor at $50K quarterly
Funko, Inc.
- Mariotti resigned for 'Good Reason' effective Sept 1, 2023; no disagreement with company cited.
- Severance includes 12 months base salary, COBRA reimbursement, and full acceleration of time-based equity awards.
- Mariotti entered a 2-year advisor agreement with a $50,000 quarterly fee for consulting on licensing and creative.
- Company may terminate advisor agreement for cause with 30 days notice, or without cause with 6 months notice.
- Advisor services limited to max 8 hours per week; directed by CEO.