Recent Updates — MAT

Mattel entered into a cooperation agreement with EdgePoint Investment Group, an approximately 18% stockholder. As part of the deal, Mattel appointed EdgePoint Partner Lee Matheson to its Board of Directors, effective October 21, 2026, and increased the board size from nine to ten members. The agreement includes customary voting commitments, standstill restrictions, and director replacement rights contingent on EdgePoint maintaining at least a 10% ownership stake. Mattel is a leading global play and family entertainment company known for brands like Barbie and Hot Wheels.

Mattel appointed Peter Griffith as Chief Financial Officer and a non-independent director of the Board, effective October 20, 2026. Griffith succeeds Paul Ruh, who will serve as an Executive Advisor through December 31, 2026, before his employment terminates. The company granted Griffith a $1.4 million cash signing bonus, a $3.3 million performance-based restricted stock unit award, and annual equity awards valued at $3.5 million. Mattel is a leading global play and family entertainment company.

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.

Mattel announced that Ynon Kreiz resigned as Chief Executive Officer, Chairman, and Board member effective October 2, 2026. The Board appointed Roger Lynch, current Independent Lead Director, as Chairman of the Board effective October 2, 2026, and as Chief Executive Officer on a date no later than November 2, 2026. Diana Ferguson was appointed new Independent Lead Director. Jonathan Anschell serves as interim principal executive officer until Lynch assumes the role. Lynch’s compensation includes a $2.3 million base salary, a target bonus of 200% of base, and equity awards totaling $16 million ($10 million annual plus $6 million new-hire). He also receives a $10.6 million cash signing bonus and a $985,000 relocation payment, subject to repayment provisions. Mattel is a leading global play and family entertainment company that designs, manufactures, and markets toys and consumer products.

Mattel reported second quarter 2026 financial results with net sales of $1,125 million, a 10% increase as reported and 9% in constant currency compared to the prior year. The company posted a net loss of $18 million, or a loss per share of $0.06, contrasting with net income of $53 million and earnings per share of $0.16 in the previous year. Adjusted operating income decreased 57% to $39 million, while adjusted gross margin contracted by 260 basis points to 48.6%. Mattel reaffirmed its full-year 2026 guidance for net sales growth of 3% to 6% and adjusted earnings per share between $1.27 and $1.39. The company repurchased an additional $100 million in shares during the quarter, bringing year-to-date buybacks to $300 million against a full-year target of $400 million. Mattel operates as a global leader in the toy and family entertainment industry.

Mattel, Inc. announced on July 29, 2026, that Roberto Stanichi was promoted to President, Chief Marketing and Brand Officer from his previous role as Executive Vice President and Chief Global Brand Officer. Mr. Stanichi will oversee brand strategy, marketing, consumer insights, and product design while reporting to CEO Ynon Kreiz. In connection with the promotion, he entered into a letter agreement providing an annual base salary of $900,000 and a target incentive award of 100% of base salary. He received two special stock grants totaling $3.9 million in aggregate value: one incremental grant valued at $1.9 million (50% RSUs, 50% PSUs) and one promotion grant valued at $2.0 million (100% RSUs), both with a grant date of July 31, 2026. Starting in 2027, his annual target stock grant value will increase to $3.0 million. Mattel is a leading global play and family entertainment company that designs, manufactures, and markets toys and consumer products under iconic brands such as Barbie, Hot Wheels, and Fisher-Price.