Kartoon Studios signs three-year CEO contract with Andy Heyward; base salary $1.06M, up to $2M bonus

Kartoon Studios, Inc.

Base salary $1,060,000 per year; eligible for annual 2.5% increase after 2026 if positive net income.
2025 bonus tied to market cap and net income: $400k-$2M based on thresholds (≥$80M cap and ≥$1 net income to ≥$150M cap and ≥$7M net income).
Received 2,000,000 restricted stock units upon signing.
Three-year term ending August 2028, with continued CEO role.
Prior employment agreements superseded as of August 25, 2025.

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