secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2026-10-19T12:08:13+00:00
Accession:  0001193125-26-424696
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 names Peter Griffith CFO and board director, succeeding Paul Ruh
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- Griffith, 67, was Amgen EVP and CFO from January 2020 to August 2026; he starts at Mattel October 20, 2026.
- Offer Letter: $1,300,000 base salary, 100% target bonus, $3,300,000 inducement PSU award, and $1,400,000 signing bonus.
- Ruh ceases as CFO October 19, 2026, stays as Executive Advisor at $950,000 annually through December 31, 2026.
- Director Adriana Cisneros resigned from Mattel's board on October 18, 2026; no disagreement cited.
- Ruh's separation qualifies as a Covered Termination under Severance Plan B, with COBRA premiums for up to 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000119312526424696/0001193125-26-424696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000119312526424696/d145954d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-424696

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