Leadership & Pay ·
Mattel amends CEO Roger Lynch’s start date to Oct. 12 and increases change-in-control severance multiplier to 2.99x
MATMattel Inc
Mattel amended the offer letter for newly appointed Chief Executive Officer Roger Lynch, moving his start date from a future month-end to October 12, 2026. The amendment adjusts the grant timing for his make-whole and performance-based restricted stock units to occur on the new start date. Additionally, if a change of control occurs before December 31, 2028, Lynch’s severance multiplier increases from two times to 2.99 times, with gross-up provisions for excise taxes. Mattel designs and manufactures toys and family entertainment products.