secwatch.observer — SEC 8-K summary
======================================

Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001683168-23-006663
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kartoon Studios issues Series C Preferred dividend to secure vote on authorized share increase
--------------------------------------------------------------------------------

- One one-thousandth of Series C Preferred per common share; record date Oct 2, 2023.
- Series C voting rights limited to proposal to raise authorized common shares from 40M to 190M.
- Series C automatically redeemed after shareholder vote for nominal cash (2 cents per ten shares).
- Bylaws amended to reduce quorum for stockholder meetings from majority to 33.34%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316823006663/0001683168-23-006663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316823006663/kartoonstudios_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006663

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer