secwatch.observer — SEC 8-K summary
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Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001683168-25-006589
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kartoon Studios signs three-year CEO contract with Andy Heyward; base salary $1.06M, up to $2M bonus
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- 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- Prior employment agreements superseded as of August 25, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316825006589/0001683168-25-006589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316825006589/kartoon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006589

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