secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2022-06-30T23:59:59+00:00
Accession:  0001683168-22-004724
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Genius Brands appoints Michael Hirsh and Stefan Piëch to Board of Directors
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- Board size increased to nine; Michael Hirsh (CEO Mainframe Studios) and Stefan Piëch (CEO Your Family Entertainment AG) appointed effective June 23, 2022.
- Hirsh granted options for 500,000 shares at $0.78 exercise price and 500,000 RSUs, both vesting over three years.
- Piëch had prior consulting role, receiving 300,000 RSUs in Dec 2021 and $12,500 monthly stipend; now entitled to standard non-employee director compensation.
- Piëch sold 3M YFE shares to Genius Brands in Dec 2021; Genius Brands later increased YFE ownership to 48.2%.
- No arrangements or family relationships with other directors; no disclosure required under Item 404(a) except as noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316822004724/0001683168-22-004724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316822004724/genius_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-004724

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