Jakks Pacific Announces 2025 Annual Meeting Date and Restructuring of Board of Directors

Core Viewpoint - JAKKS Pacific, Inc. is undergoing a restructuring of its Board of Directors following the successful completion of its 2019 recapitalization transactions, with an annual meeting scheduled for June 20, 2025 [1][2]. Board Changes - The Board announced the planned departure of three directors appointed during the 2019 recapitalization, including Matthew Winkler, effective at the 2025 annual meeting [2]. - Two new candidates, Jonathan R. Liebman and Jordan Moelis, have been nominated to fill the vacancies in Class II of the Board, alongside Alexander Shoghi [3]. - The total number of directors on the Board will be reduced from seven to six, and the number of directors in Class III will be reduced to one [4]. Management Commentary - The Chairman and CEO, Stephen Berman, expressed confidence that the restructuring of the Board is a positive step for the company's growth, emphasizing the addition of qualified individuals to maximize shareholder returns [5]. Company Overview - JAKKS Pacific, Inc. is a leading designer, manufacturer, and marketer of toys and consumer products, headquartered in Santa Monica, California, with a diverse range of proprietary brands and licensed products [6].