secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001193125-26-145663
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mattel CCO Steve Totzke to depart May 1; Sanjay Luthra promoted as successor
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- Steve Totzke will step down as President and CCO effective May 1, 2026; will serve as Executive Advisor through Dec 31, 2026.
- Sanjay Luthra, previously EVP and Managing Director of EMEA and Global DTC, appointed CCO effective May 1.
- Luthra will report to CEO Ynon Kreiz and oversee global sales and commercial operations.
- Totzke will receive severance, COBRA premium payments for up to 18 months, and a car allowance under separation agreement.
- Totzke joined Mattel in 1996; was CCO since 2018 and President since 2022; inducted into Canadian Toy Hall of Fame in 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000119312526145663/0001193125-26-145663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000119312526145663/d109859d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-145663

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