Kartoon Studios enters new employment agreements for CFO and COO; settles $969k debt with 1.7M shares

Kartoon Studios, Inc.

CFO Parisi: 2-year term, base salary $375k (Y1) then $400k (Y2), 500k RSUs vesting over 3 years.
COO/GC Jaffa: 3-year term, base salary $450k +5% annual increase, 750k RSUs, $50k guaranteed bonus Dec 2025.
Jaffa contract includes change-of-control protection: 2x salary lump sum, full equity vesting, 18-month health benefits.
Debt settlement: $968,612.79 obligation paid via up to 1,705,071 common shares at 1.75 shares/dollar; NYSE American approved Nov 26.
Shares issued under Section 3(a)(10) exemption from registration.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Kartoon Studios, Inc. issued up to 1,705,071 million shares of its common stock of common stock to Continuation Capital, Inc. (CCI) for aggregate amount of $968,612.79.

Security: common stock
Shares: up to 1,705,071 million shares of its common stock
Purchaser: Continuation Capital, Inc. (CCI)
Consideration: aggregate amount of $968,612.79

Exact text from the filing

The Company entered into an Agreement (the “Agreement”) with Continuation Capital, Inc. ("CCI") to pay obligations in the aggregate amount of $ 968,612.79 by issuing up to 1,705,071 million shares of its common stock to CCI (the “Shares”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kartoon Studios, Inc. entered into Agreement with Continuation Capital, Inc. valued at $ 968,612.79 (effective 2025-11-26).

Action: entry
Counterparty: Continuation Capital, Inc.
Value: $ 968,612.79
Effective: 2025-11-26

Exact text from the filing

The Company entered into an Agreement (the “Agreement”) with Continuation Capital, Inc. ("CCI") to pay obligations in the aggregate amount of $ 968,612.79 by issuing up to 1,705,071 million shares of its common stock to CCI (the “Shares”).

View on SEC.gov

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Kartoon Studios, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-008726

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