SECURITIES AND EXCHANGE COMMISSION
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Section 5 – Corporate Governance and Management
|Item 5.02.|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 5, 2022, Mattel, Inc. (the “Company”) announced the appointment of Steve Totzke as President and Chief Commercial Officer of the Company, effective April 5, 2022.
Mr. Totzke, 52, has served as the Company’s Executive Vice President and Chief Commercial Officer since July 2018. From February 2016 to July 2018, he served as Executive Vice President and Chief Commercial Officer – North America. From May 2014 to February 2016, he served as Senior Vice President, Sales and Shopper Marketing, and from April 2012 to May 2014, he served as Senior Vice President, U.S. Sales.
Section 7 – Regulation FD
|Item 7.01.|| |
Regulation FD Disclosure.
On April 5, 2022, the Company issued a press release announcing the appointment of Steve Totzke as President and Chief Commercial Officer of the Company, a copy of which is furnished as Exhibit 99.1 hereto.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Section 9—Financial Statements and Exhibits
|Item 9.01|| |
Financial Statements and Exhibits.
|Exhibit No.|| |
|99.1**||Press release, dated April 5, 2022|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL Document)|
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.
|Name: Jonathan Anschell|
Title: Executive Vice President,
Chief Legal Officer, and Secretary
Dated: April 5, 2022
Mattel Promotes Steve Totzke to President and
Chief Commercial Officer
EL SEGUNDO, Calif., April 5, 2022 Mattel, Inc. (NASDAQ: MAT) has promoted Steve Totzke to President and Chief Commercial Officer of the Company, it was announced today by Mattel Chairman and Chief Executive Officer Ynon Kreiz, to whom Totzke reports.
Steve has played an integral role in creating Mattels current momentum, strong results and best-in-class commercial capabilities, said Kreiz. With Steves oversight, the global commercial team has expanded our market leadership, strengthened relationships with Mattels retail partners and created demand in an increasingly complex environment. I look forward to Steves continued leadership as we further accelerate our performance in line with our growth strategy.
Since being named Executive Vice President and Chief Commercial Officer in 2018, Totzke has been responsible for driving Mattels growth in markets worldwide and overseeing Mattels unified global commercial organization a key pillar in the Companys strategy to transform Mattel into an IP-driven, high-performing toy company. With the effectiveness of its transformation strategy and its turnaround now complete, the Company has evolved its strategy to grow Mattels IP-driven toy business and expand its entertainment offering.
Under Totzkes leadership, Mattel has developed exceptional e-commerce capabilities, evolved a digital first demand creation approach and expanded its reach to more than 488,000 brick and mortar stores in over 150 countries based on an all-channel growth strategy. In 2021, Mattel grew net sales 19% versus prior year and, per The NPD Group, the company outpaced the industry in every measured market in 2021 and increased share for the second consecutive year1.
I am extremely proud to be part of this iconic companys transformation over the past several years and I truly believe Mattels best days are ahead, added Totzke. Most importantly, I take pride each day in supporting Mattels purpose to empower the next generation to explore the wonder of childhood and reach their full potential. I look forward to leading our exceptional Mattel commercial organization into the future.
Totzke s contributions to Mattel span nearly 25 years across several senior general management positions including sales, marketing, and business operations. Prior to being named worldwide Chief Commercial Officer, Totzke served as Executive Vice President, Commercial for the Companys North America division. Totzke has also served in several international leadership positions during his tenure with Mattel.
A dedicated champion of the toy industry, Totzke serves on the Board of Directors of the Toy Association, the Mattel Childrens Foundation, and the Advisory Board for the Women in Toys Association.
Totzke received an MBA from Pepperdine University Graziadio School of Business and Management and was recently named a Notable Alumni by the university.
Source: The NPD Group/Retail Tracking Service, G12/JAN 2020 DEC 2021/Total Toys/Projected USD
Mattel is a leading global toy company and owner of one of the strongest catalogs of childrens and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain, and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends®, UNO®, Masters of the Universe®, Monster High® and MEGA®, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming and digital experiences, music, and live events. We operate in 35 locations and our products are available in more than 150 countries in collaboration with the worlds leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential. Visit us online at mattel.com.