---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-006589"
form_type: "8-K"
ticker: "TOON"
cik: "0001355848"
company_name: "Kartoon Studios, Inc."
filed_at: "2025-08-29T23:59:59+00:00"
generated_at: "2026-05-17T09:10:27.557030+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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- Prior employment agreements superseded as of August 25, 2025.

## SEC filing metadata
- accession: 0001683168-25-006589
- form_type: 8-K
- ticker: TOON
- cik: 0001355848
- company_name: Kartoon Studios, Inc.
- filed_at: 2025-08-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1355848/000168316825006589/0001683168-25-006589-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1355848/000168316825006589/kartoon_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-006589
- JSON: https://secwatch.observer/filing/0001683168-25-006589.json
- Plain text: https://secwatch.observer/filing/0001683168-25-006589.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.