secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2026-09-30T12:44:14+00:00
Accession:  0001193125-26-408403
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Mattel CEO Ynon Kreiz exits; board director Roger Lynch named chairman and CEO
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- Ynon Kreiz resigned as CEO, Chairman and board member effective Oct 2, 2026 to take a senior leadership position at another public company, ending eight years at Mattel.
- Roger Lynch, a Mattel director since 2018 and Condé Nast CEO since 2019, becomes Chairman Oct 2, 2026 and CEO no later than Nov 2, 2026; Diana Ferguson is new Independent Lead Director.
- Lynch package: $2.3M base salary, 200% target bonus, $10M 2026 equity award (60% performance RSUs/40% RSUs) plus a $6M new-hire PSU vesting only if 3-year TSR tops the 55th percentile of the S&P 500.
- Make-whole for forfeited pay: $10.6M cash signing bonus and $6M of fully vested RSUs; also $985K relocation, up to $25K legal fees and $10K/year financial counseling.
- Jonathan Anschell, EVP and Chief Legal Officer, serves as interim principal executive officer from Oct 2, 2026 until Lynch starts, with no additional compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000119312526408403/0001193125-26-408403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000119312526408403/d158681d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-408403

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