8-K
MATTEL INC /DE/ false 0000063276 0000063276 2021-05-26 2021-05-26

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

Current Report

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

May 26, 2021

 

 

MATTEL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-05647   95-1567322

(State or other jurisdiction

of incorporation)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

 

333 Continental Boulevard, El Segundo, California   90245-5012
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code

(310) 252-2000

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common stock, $1.00 per share   MAT   The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Section 5 – Corporate Governance and Management

 

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.

On May 26, 2021, at the annual meeting of stockholders (the “Annual Meeting”) of Mattel, Inc. (“Mattel”), Mattel’s stockholders approved the Fifth Amendment to the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (the “Plan Amendment”). The Plan Amendment, effective May 26, 2021, amends the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (as amended, the “Plan”).

The purpose of the Plan is to promote the interests of Mattel and its stockholders by enabling Mattel to offer an opportunity to employees, non-employee directors and consultants to receive grants of equity-based and cash-based incentive awards, so as to better attract, retain, and reward them, to align their interests with those of stockholders, and to provide them with an incentive for outstanding performance to generate superior returns to Mattel stockholders.

The Plan Amendment increases the maximum number of shares that may be issued pursuant to the Plan by 5.7 million shares, enabling Mattel to continue to use the Plan as a critical tool to attract, motivate, reward, and retain its key employees and directors. In addition, the Plan Amendment revises the full-value share debiting rate for awards granted after March 1, 2021 from two and thirty-five-hundredths-to-one (2.35:1) to one and ninety-hundredths-to-one (1.90:1).

The foregoing summary description of the Plan Amendment is qualified in its entirety by reference to the actual terms of the Plan Amendment, a copy of which is attached as Appendix A to Mattel’s Definitive Proxy Statement on Schedule 14A, as filed with the Securities and Exchange Commission on April 13, 2021 (the “Proxy Statement”).

 

Item 5.07.

Submission of Matters to a Vote of Security Holders.

The Annual Meeting was held on May 26, 2021.

All of the nominees for director listed in Proposal 1 in the Proxy Statement were elected by a majority of the votes cast, as follows:

 

Name of Nominee    Votes Cast
“FOR”
     Votes Cast
“AGAINST”
     Abstentions      Broker
Non-Votes
 

R. Todd Bradley

     267,986,325        45,030,119        202,684        14,901,906  

Adriana Cisneros

     311,500,408        1,524,288        194,432        14,901,906  

Michael Dolan

     306,953,285        6,067,576        198,267        14,901,906  

Diana Ferguson

     311,804,296        1,221,939        192,893        14,901,906  

Ynon Kreiz

     306,176,833        6,711,170        331,125        14,901,906  

Soren Laursen

     311,523,076        1,493,856        202,196        14,901,906  

Ann Lewnes

     311,406,318        1,616,047        196,763        14,901,906  

Roger Lynch

     312,354,416        656,900        207,812        14,901,906  

Dominic Ng

     310,874,698        2,148,617        195,813        14,901,906  

Dr. Judy Olian

     309,791,094        3,235,542        192,492        14,901,906  

Proposal 2, a proposal to ratify the selection of PricewaterhouseCoopers LLP as Mattel’s independent registered public accounting firm for the year ending December 31, 2021, was approved by the following vote:

 

Votes Cast “FOR”

 

Votes Cast “AGAINST”

 

Abstentions

 

Broker Non-Votes

323,203,268   4,605,802   311,964   N/A

Proposal 3, a proposal to approve, on a non-binding, advisory basis, the compensation of Mattel’s named executive officers, was approved by the following vote:

 

Votes Cast “FOR”

 

Votes Cast “AGAINST”

 

Abstentions

 

Broker Non-Votes

289,500,671   23,408,535   309,922   14,901,906

Proposal 4, a proposal to approve the Fifth Amendment to the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan, was approved by the following vote:

 

Votes Cast “FOR”

 

Votes Cast “AGAINST”

 

Abstentions

 

Broker Non-Votes

300,444,108   12,466,958   308,062   14,901,906


Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits:

 

          Incorporated by Reference  

Exhibit

No.

  

Exhibit Description

  

Form

    

File No.

    

Exhibit(s)

    

Filing Date

 
10.1    Fifth Amendment to Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan      DEF 14A        001-05647        Appendix A        April 13, 2021  
104    Cover Page Interactive Data File (embedded within the Inline XBRL Document)            


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    MATTEL, INC.
Dated: May 27, 2021     By:  

/s/ Jonathan Anschell

    Name:   Jonathan Anschell
    Title:   Executive Vice President, Chief Legal Officer and Secretary