Jakks Pacific Announces 2025 Annual Meeting Date and Restructuring of Board of Directors
JAKKS Pacific (NASDAQ: JAKK) has announced significant changes to its Board of Directors following the successful completion of its 2019 recapitalization transition. The company scheduled its 2025 annual meeting for June 20, 2025, and revealed the restructuring of its board from seven to six members.
Three directors appointed during the 2019 recapitalization will depart: Matthew Winkler will resign at the 2025 annual meeting, while Joshua Cascade and Carole Levine's positions will be filled by new nominees. The Board approved Jonathan R. Liebman, co-CEO of Brillstein Entertainment Partners, and Jordan Moelis, Managing Partner of Deep Field Asset Management , as candidates for election to Class II of the Board, alongside current director Alexander Shoghi.
JAKKS Pacific (NASDAQ: JAKK) ha annunciato cambiamenti significativi al suo Consiglio di Amministrazione a seguito del completamento con successo della transizione di ricapitalizzazione del 2019. L'azienda ha programmato la sua riunione annuale del 2025 per il 20 giugno 2025 e ha rivelato la ristrutturazione del suo consiglio, passando da sette a sei membri.
Tre direttori nominati durante la ricapitalizzazione del 2019 lasceranno il loro incarico: Matthew Winkler si dimetterà durante la riunione annuale del 2025, mentre le posizioni di Joshua Cascade e Carole Levine saranno occupate da nuovi candidati. Il Consiglio ha approvato Jonathan R. Liebman, co-CEO di Brillstein Entertainment Partners, e Jordan Moelis, Managing Partner di Deep Field Asset Management, come candidati per l'elezione alla Classe II del Consiglio, insieme all'attuale direttore Alexander Shoghi.
JAKKS Pacific (NASDAQ: JAKK) ha anunciado cambios significativos en su Junta Directiva tras la exitosa finalización de su transición de recapitalización de 2019. La compañía ha programado su reunión anual de 2025 para el 20 de junio de 2025 y ha revelado la reestructuración de su junta, reduciendo el número de miembros de siete a seis.
Tres directores nombrados durante la recapitalización de 2019 dejarán sus cargos: Matthew Winkler renunciará en la reunión anual de 2025, mientras que las posiciones de Joshua Cascade y Carole Levine serán ocupadas por nuevos nominados. La Junta aprobó a Jonathan R. Liebman, co-CEO de Brillstein Entertainment Partners, y a Jordan Moelis, Managing Partner de Deep Field Asset Management, como candidatos para la elección a la Clase II de la Junta, junto al actual director Alexander Shoghi.
JAKKS Pacific (NASDAQ: JAKK)는 2019년 재자본화 전환의 성공적인 완료에 따라 이사회에 중요한 변화를 발표했습니다. 회사는 2025년 연례 회의를 2025년 6월 20일로 예정하고 있으며, 이사회를 7명에서 6명으로 재구성한다고 밝혔습니다.
2019년 재자본화 동안 임명된 세 명의 이사가 퇴임할 예정입니다: Matthew Winkler는 2025년 연례 회의에서 사임할 예정이며, Joshua Cascade와 Carole Levine의 자리는 새로운 후보로 채워질 것입니다. 이사회는 Jonathan R. Liebman, Brillstein Entertainment Partners의 공동 CEO, 및 Jordan Moelis, Deep Field Asset Management의 Managing Partner를 이사회 클래스 II 선거 후보로 승인했으며, 현재 이사인 Alexander Shoghi와 함께합니다.
JAKKS Pacific (NASDAQ: JAKK) a annoncé des changements significatifs au sein de son Conseil d'Administration suite à l'achèvement réussi de sa transition de recapitalisation de 2019. L'entreprise a programmé sa réunion annuelle de 2025 pour le 20 juin 2025 et a révélé la restructuration de son conseil, passant de sept à six membres.
Trois administrateurs nommés lors de la recapitalisation de 2019 quitteront leurs fonctions : Matthew Winkler démissionnera lors de la réunion annuelle de 2025, tandis que les postes de Joshua Cascade et Carole Levine seront occupés par de nouveaux candidats. Le Conseil a approuvé Jonathan R. Liebman, co-CEO de Brillstein Entertainment Partners, et Jordan Moelis, Managing Partner de Deep Field Asset Management, comme candidats à l'élection de la Classe II du Conseil, aux côtés de l'administrateur actuel Alexander Shoghi.
JAKKS Pacific (NASDAQ: JAKK) hat bedeutende Änderungen in seinem Vorstand angekündigt, nachdem die Rekapitalisierungsphase von 2019 erfolgreich abgeschlossen wurde. Das Unternehmen hat seine Jahreshauptversammlung für 2025 auf den 20. Juni 2025 angesetzt und die Umstrukturierung seines Vorstands von sieben auf sechs Mitglieder bekannt gegeben.
Drei Direktoren, die während der Rekapitalisierung von 2019 ernannt wurden, werden ausscheiden: Matthew Winkler wird bei der Jahreshauptversammlung 2025 zurücktreten, während die Positionen von Joshua Cascade und Carole Levine von neuen Nominierten besetzt werden. Der Vorstand hat Jonathan R. Liebman, Co-CEO von Brillstein Entertainment Partners, und Jordan Moelis, Managing Partner von Deep Field Asset Management, als Kandidaten für die Wahl zur Klasse II des Vorstands genehmigt, zusammen mit dem aktuellen Direktor Alexander Shoghi.
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SANTA MONICA, Calif., March 28, 2025 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that the Board of Directors (the “Board”) approved the scheduling of the 2025 annual meeting for June 20, 2025, and also announced changes to the Board as part of the Company’s successful completion of the transition from its 2019 recapitalization transactions.
As part of the restructuring, the Board announced the planned departure of three current directors appointed to the Board as part of the Company’s 2019 recapitalization process. The Board announced the resignation of Matthew Winkler, one of the directors appointed in 2019 as part of the recapitalization process, effective as of the 2025 annual meeting, and approved the nomination of two candidates to fill the other two director seats in Class II of the Board for election at the 2025 annual meeting, currently occupied by Joshua Cascade and Carole Levine, the two other directors appointed in 2019.
The Board approved the nomination of Messrs. Jonathan R. Liebman and Jordan Moelis as candidates for election to Class II of the Board, together with Alexander Shoghi, one of the current Class II directors, who would then constitute the three members of Class II. Mr. Liebman is the co-CEO and chair of Los Angeles, CA-based production and management company Brillstein Entertainment Partners, and is also part of the leadership team at Los Angeles, CA-based talent representation and marketing firm Wasserman Media Group LLC. Mr, Moelis is the Managing Partner of Deep Field Asset Management LLC, a private investment firm he founded in 2014. Additionally, he is Co-President of Brindle Capital LLC.
In furtherance of the restructuring, the Board determined that, effective with Mr. Winkler’s resignation from the Board, the authorized number of directors constituting the whole Board would be reduced from seven (7) to six (6), and that the number of directors in Class III of the Board would be reduced to one (1).
Management Commentary
“Now that we have transformed our financial status from one of distress to one of health and strength, we believe the restructuring of our Board is the right step forward for the company’s continued growth”, commented Stephen Berman, Chairman and CEO of the Company. “We are excited to add Messrs. Liebman and Moelis, such highly qualified and accomplished individuals, as Board members to assist in guiding our path forward with the goal of maximizing returns for our shareholders. We would like to express our gratitude to Messrs. Winkler and Cascade and Ms. Levine for their dedication and guidance over the past several years through the successful completion of our recapitalization process and our return to financial health.”
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. is a leading designer, manufacturer and marketer of toys and consumer products sold throughout the world, with its headquarters in Santa Monica, California. JAKKS Pacific’s popular proprietary brands include: AirTitans®, Disguise®, Fly Wheels®, JAKKS Wild Games®, Moose Mountain®, Maui®, Perfectly Cute®, ReDo® Skateboard Co., Sky Ball®, SportsZone™, Xtreme Power Dozer®, WeeeDo®, and Wild Manes™ as well as a wide range of entertainment-inspired products featuring premier licensed properties. Through our products and our charitable donations, JAKKS is helping to make a positive impact on the lives of children. Visit us at www.jakks.com and follow us on Instagram (@jakkspacific.toys), Twitter (@jakkstoys) and Facebook (@jakkspacific.toys).
Forward Looking Statements
This press release may contain “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995) that are based on current expectations, estimates and projections about JAKKS Pacific's business based partly on assumptions made by its management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but not limited to, those described above, changes in demand for JAKKS Pacific's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, or that the Recapitalization transaction or any future transactions will result in future growth or success of JAKKS. The “forward-looking statements” contained herein speak only as of the date on which they are made, and JAKKS undertakes no obligation to update any of them to reflect events or circumstances after the date of this release.
| CONTACT: |
| JAKKS Pacific Investor Relations |
| (424) 268-9567 Lucas Natalini investors@jakks.net |
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