secwatch.observer — SEC 8-K summary
======================================

Issuer:     Funko, Inc. (FNKO)
CIK:        0001704711
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001193125-25-179070
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Funko appoints Josh Simon as CEO effective Sept 1, 2025; replaces interim CEO Michael Lunsford
--------------------------------------------------------------------------------

- Simon, former Netflix VP, will receive $1M base salary, annual bonus target 100% of base, and annual equity target $2.5M from FY27.
- Signs 1.75M RSUs: 1M time-vesting over 4 yrs; 750K with price hurdles of $8 and $20 per share.
- Relocation assistance up to $100K to move to Everett, WA; office split between Burbank and Everett first year.
- Incumbent interim CEO Michael Lunsford will remain on Board after Aug 31, 2025 transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704711/000119312525179070/0001193125-25-179070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704711/000119312525179070/d59114d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-179070

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