MATTEL, INC. (NASDAQ:MAT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On July17, 2017, Mattel, Inc. (the “Company”) filed a Current Report on Form8-K announcing that the Company determined KevinM. Farr, the Company’s Chief Financial Officer, will separate from the Company and, in order to ensure a smooth transition, it is planned that Mr.Farr will continue to serve as the Company’s Chief Financial Officer until such time as a successor had been named and successfully transitioned.
Mr.Farr is a participant in the Mattel, Inc. Executive Severance Plan, as amended (the “Severance Plan”). In connection with his upcoming separation from the Company, Mr.Farr entered into a letter agreement with the Company on August16, 2017 (the “Letter Agreement”). The Letter Agreement provides that Mr.Farr’s separation is anticipated to be a Covered Termination (as defined in the Severance Plan), which would result in severance payments and benefits to the terms of the Severance Plan upon his separation from the Company. The foregoing summary of the Letter Agreement is qualified in its entirety by reference to the full text of the Letter Agreement included as Exhibit 10.1 hereto and by reference to the Severance Plan included as Exhibits 10.2 and 10.3 hereto.
Section9—Financial Statements and Exhibits
| Item 5.02 | Financial Statements and Exhibits. |
(d)Exhibits:
|
ExhibitNo. |
Exhibit Description |
| 10.1 | Letter Agreement between Mattel, Inc. and Kevin M. Farr, dated August 16, 2017, regarding his separation from the Company |
| 10.2 | Mattel, Inc. Executive Severance Plan, effective June 30, 2009 (incorporated by reference to Exhibit 10.4 to the Company’s Current Report on Form 8-K filed on July 2, 2009) |
| 10.3 | Amendment No. 1 to the Mattel, Inc. Executive Severance Plan (incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q filed on October 24, 2013) |
MATTEL INC /DE/ ExhibitEX-10.1 2 d441831dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 August 16,…To view the full exhibit click here
About MATTEL, INC. (NASDAQ:MAT)
Mattel, Inc. manufactures and markets a range of toy products around the world. The Company’s segments are North America; International and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands. The Mattel Girls & Boys Brands category includes Barbie fashion dolls, Monster High, Disney Classics, Ever After High, Little Mommy, and Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, and CARS, Disney Planes, BOOMco, Toy Story, Max Steel, WWE Wrestling and DC Comics. The Fisher-Price Brands category includes Fisher-Price, Little People, BabyGear, Laugh & Learn, Imaginext, Thomas & Friends, Blaze and The Monster Machines, Shimmer and Shine, Mickey Mouse Clubhouse, Minnie Mouse, Octonauts, and Power Wheels. The Construction and Arts & Crafts Brands category includes MEGA BLOKS, RoseArt and Board Dudes.
