secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2026-10-14T20:36:14+00:00
Accession:  0001193125-26-421751
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Mattel amends CEO Roger Lynch's offer: start Oct 12, 2.99x CIC severance, new 280G gross-up
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- Lynch's CEO start date moved to Oct 12, 2026; equity awards now granted that day instead of the last trading day of the month, following 'recent external developments.'
- Grants: 461,538 make-whole RSUs, 461,538 inducement PSUs, 461,538 2026 annual LTI PSUs at target, and 307,692 RSUs.
- Inducement PSU relative TSR starting price set at Mattel's Sept 30, 2026 closing price, the date his appointment was announced.
- Change-in-control severance multiplier raised to 2.99x from 2x for a covered termination on or before Dec 31, 2028.
- New Section 280G gross-up: if a change of control occurs by Dec 31, 2028, Lynch receives excise-tax reimbursement instead of the plan's contingent cutback.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000119312526421751/0001193125-26-421751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000119312526421751/d171641d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-421751

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