Highest-materiality recent filing
Funko stockholders elect three Class III directors and approve auditor, say-on-pay
Diane Irvine, Jesse Jacobs, Sarah Kirshbaum Levy elected as Class III directors through 2029.
Net sales $200.9M, up 5% YoY; net loss $18.1M vs $28.1M loss prior year.
Funko Q4 net sales $273.1M, down 7% YoY; FY25 net loss widens to $67.4M; guides FY26 EBITDA $70-80M
Q4 net sales $273.1M (down 7.0% YoY); gross margin 40.9%; adjusted EBITDA $23.3M.
Funko names Andrew Oddie Chief International Officer; compensation unchanged, relocation terms ended
Andrew Oddie transitions from prior role to Chief International Officer effective March 4, 2026.
Funko amends credit agreement, extends maturity to Dec 2027, waives covenants
Extends loan maturity from Sep 2026 to Dec 31, 2027; increases margin on all loans to 450 bps.
Funko board: Lunsford resigns, Duchscher elected director
Michael Lunsford resigned from Funko's Board effective January 12, 2026.
Funko Q3 net sales down 14.3% to $250.9M; net income drops to $0.9M
Net sales $250.9M (down 14.3% YoY); net income $0.9M vs $4.6M; diluted EPS $0.02.
Funko amends stockholder agreement to exclude up to $40M ATM shares from TCG consent threshold
Amendment dated Aug 14, 2025 between Funko and TCG Fuji 3.0, LP.
Funko appoints Josh Simon as CEO effective Sept 1, 2025; replaces interim CEO Michael Lunsford
Simon, former Netflix VP, will receive $1M base salary, annual bonus target 100% of base, and annual equity target $2.5M from FY27.
Funko Q2 net loss $41M, revenue down 22% YoY; expects H2 improvement
Net sales $193.5M, down 21.9% YoY; net loss $41.0M ($0.74/share) vs net income $5.4M.
Funko files S-3 for $100M, warns of going concern, credit amendment signed
Filing S-3 to register up to $100M of securities and resale of 12.6M shares by a selling stockholder.
Funko grants $300K retention bonus to CFO and $150K to CLO
CFO Yves Le Pendeven awarded $300K cash retention bonus; CLO Tracy Daw awarded $150K.
Funko finalizes compensation for Interim CEO Lunsford: $75k monthly fee plus RSU grants
Monthly cash fee of $75,000 for Interim CEO Michael Lunsford, effective July 5, 2025.
Funko obtains credit amendment waiving leverage covenants, cutting revolver to $125M
Fourth Amendment waives max net leverage and min fixed charge coverage ratios for Q2 and Q3 2025.
Funko CEO Cynthia Williams departs; Michael Lunsford named interim CEO
Cynthia Williams to step down as CEO effective July 5, 2025; Board appointed Michael Lunsford as interim CEO.
Annual meeting held June 12, 2025; 47.1M shares (~85.77% of outstanding) present or represented.
Funko Q1 net sales $190.7M, down 11.6% YoY; withdraws FY2025 outlook on tariff uncertainty
Net sales $190.7M (down 11.6% YoY from $215.7M); net loss $28.1M vs $23.7M loss last year.
Presentation dated March 20, 2025 furnished as Exhibit 99.1 under Item 7.01.
Funko clarifies FY 2025 net sales guidance to $1.05B-$1.082B, consistent with prior release
Funko corrected oral statement from March 6 earnings call; net sales guidance for FY 2025 is $1.05B to $1.082B.
Funko Q4 net sales $293.7M, gross margin 42.4%, adjusted EBITDA $26.3M; guides FY2025
Q4 net sales $293.7M (+0.9% YoY); gross margin 42.4% (vs 37.6%); net loss $1.5M ($0.03/share) vs $10.8M loss.
Funko expands board to nine, appoints Jason Harinstein as Class I director
Board increased from eight to nine directors; Jason Harinstein elected effective Dec 13, 2024.
Funko Q3 net sales down 6.4% YoY to $293M; net income of $4.6M vs loss; raises FY EBITDA view
Q3 net sales $292.8M, down 6.4% YoY; gross margin improved to 40.9% from 33.2%.
Andrew Oddie, Chief Commercial Officer, relocating primary work location to Greater Los Angeles area.
Funko Q2 net sales $247.7M (+3.2%), adj EBITDA $27.9M beat; reiterates FY outlook
Net sales $247.7M vs $240.0M YoY; gross margin 42.0% (was 29.2%); net income $5.4M ($0.10 EPS) vs loss $75.9M.
U.S. District Court for Central District of California issued order on July 26, 2024 granting preliminary approval of derivative settlement.
Funko stockholders elect two Class I directors, ratify PwC, approve say-on-pay
Charles Denson and Michael Kerns elected as Class I directors with 32M and 37M votes FOR.
Funko appoints PwC as independent auditor, dismisses EY effective May 9, 2024
Audit committee engaged PwC for FY2024 after a competitive process; effective upon Q1 10-Q filing.
Q1 net sales $215.7M, down 14.4% YoY; net loss $23.7M ($0.45/share) vs $61.1M loss a year ago.
Funko replaces auditor EY with PwC after competitive process; cites prior material weaknesses
Audit committee approved engagement of PwC as auditor for FY2024, effective upon Q1 2024 10-Q filing.
Funko posts Q4 net loss $10.8M, sales down 12.6% YoY; CFO leaves March 15
Q4 net sales $291.2M (-12.6% YoY); gross margin 37.6% vs 28.3% a year ago.
Funko President Andrew Perlmutter resigns effective March 31, 2024; remains on board
Andrew Perlmutter tendered his resignation as President on Feb 12, 2024, effective March 31, 2024.
Funko adopts amended and restated bylaws with universal proxy and exclusive forum provisions
Board approved Amended and Restated Bylaws effective December 22, 2023.
Funko Q3 net loss $15M, sales down 14%; board director change
Net sales $312.9M, down 14.4% YoY; net loss $15.0M vs $9.6M income.
Funko founder Brian Mariotti resigns from board and as employee, becomes advisor at $50K quarterly
Mariotti resigned for 'Good Reason' effective Sept 1, 2023; no disagreement with company cited.
Funko extends Good Reason resignation window for Andrew Perlmutter to 16 months
Second Amendment to employment agreement on Aug 15, 2023 extends Good Reason resignation period from initial event to 16 months.
Funko Q2 net sales -24% to $240M, net loss $75.9M; cuts full-year guidance
Net sales $240.0M (-24% YoY); net loss $75.9M ($1.54/share) includes $38.5M non-cash charge.
Funko reduces workforce by 12-13% (~180-200 jobs); expects $2.4-2.8M charges, $20-22M annual savings
Reduction of approx 180-200 employees (12-13% of total workforce).
Funko CEO Brian Mariotti takes 6-month leave; Michael Lunsford named Interim CEO
Brian Mariotti ceased as CEO effective July 13, 2023, for a six-month sabbatical; remains a director.
Funko annual meeting: all board nominees elected, COI amendments approved
Diane Irvine, Sarah Kirshbaum Levy, and Jesse Jacobs elected as Class III directors.
Net sales fell 18% to $251.9M; net loss surged 521% to $61.1M ($1.17 GAAP diluted loss).
Funko Q4 net loss $46.7M; guides Q1 adj EBITDA loss $45-50M; inventory write-down $30-36M
Q4 net sales $333.0M (-1% YoY); net loss $(46.7)M vs income $17.4M; GAAP EPS $(0.89).
Funko appoints Brian Mariotti CEO, Scott Yessner Interim CFO; Andrew Perlmutter becomes President
Brian Mariotti named CEO, stepping down as Chief Creative Officer; Andrew Perlmutter becomes President, stepping down as CEO.
FY2022 Adjusted Net Income guidance lowered to $39-$41M from $47-$49M; Adjusted EPS now $0.70-$0.80 vs prior $0.85-$0.95.
Funko Q3 net sales +36.6% but net income -39.3%; adj. EBITDA margin down to 9.8%
Net sales $365.6M (+36.6% YoY); gross margin 35.0% (-100 bps); net income $11.1M (-39.3%).
Funko Q2 net sales up 33.7% to $315.7M; net income down 24.6%; margins shrink
Net sales $315.7M (+33.7% YoY); net income $15.8M (-24.6%); Adjusted EBITDA $31.8M (-22.7%).
Funko director Trevor Edwards joins Compensation Committee
Trevor Edwards elected as Class II director effective July 27, 2022.
Funko expands board to 9, elects former Nike President Trevor Edwards as Class II director
Board size increased from 8 to 9; election effective July 27, 2022.
Funko stockholders elect Lunsford and Perlmutter as Class II directors at annual meeting
Michael Lunsford and Andrew Perlmutter elected as Class II directors for terms expiring in 2025.
Funko elects Richard A. Paul to Board, effective upon closing of ACON Sale to TCG
Richard A. Paul, CEO of Klutch Sports Group, elected to Funko's Board as Class I director.
Funko Q1 net sales +63% YoY to $308.3M; raises FY22 guidance to $1.275-1.325B
Net sales $308.3M (+63% YoY); net income $14.5M (+31% YoY); GAAP EPS $0.23, adjusted EPS $0.34.
On May 8, 2024, following a search process, the Board of Directors (the “Board”) of the Company appointed Cynthia Williams as the Company’s Chief Executive Officer and a Class II director, in each case effective May 20, 2024 (the “Effective Date”).
On May 8, 2024, following a search process, the Board of Directors (the “Board”) of the Company appointed Cynthia Williams as the Company’s Chief Executive Officer and a Class II director, in each case effective May 20, 2024 (the “Effective Date”).
Andrew Perlmutter resigned as a Class II director of the Company, effective on the Effective Date.
Ms. Williams succeeds Michael Lunsford, the Company’s Interim Chief Executive Officer.
Also on March 6, 2024, the Company’s Board of Directors (the “Board”) appointed Yves LePendeven as the Company’s Acting Chief Financial Officer and designated him as the Company’s principal financial officer and principal accounting officer, in each case effective as of the Effective Date.
On March 6, 2024, Steve Nave resigned as Chief Financial Officer and Chief Operating Officer of Funko, Inc. (the “Company”), effective March 15, 2024.
On February 12, 2024, Andrew Perlmutter, the President of Funko, Inc. (the “Company”) tendered his resignation as President, to be effective March 31, 2024.
On November 1, 2023, Michael Kerns was elected to the Board to fill the vacancy created by Mr. Paul’s resignation, effective November 2, 2023.
On November 1, 2023, Richard A. Paul resigned as a member of the Company’s Board of Directors (the “Board”), effective November 2, 2023.
appointed Michael Lunsford as the Company’s Interim Chief Executive Officer.
Brian Mariotti has agreed to take a six month leave of absence from the Company and cease serving as Chief Executive Officer, effective immediately.
Jennifer Fall Jung resigned as Chief Financial Officer
Max materiality 0.90 · Median 0.68 · Most common event earnings