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

Issuer:     Kartoon Studios, Inc. (TOON)
CIK:        0001355848
Form:       8-K
Filed at:   2025-11-28T23:59:59+00:00
Accession:  0001683168-25-008726
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1355848/000168316825008726/0001683168-25-008726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1355848/000168316825008726/kartoon_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-008726

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