Current Report Filing (8-k)
May 21 2019 - 04:07PM
Edgar (US Regulatory)
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 16, 2019
MATTEL, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-05647
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95-1567322
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(State or other jurisdiction
of incorporation)
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(Commission
File No.)
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(I.R.S. Employer
Identification No.)
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333 Continental Boulevard, El Segundo, California
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90245-5012
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(Address of principal executive offices)
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(Zip Code)
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Registrants 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:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common stock, $1.00 per share
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MAT
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The Nasdaq Global Select Market
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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.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensation Arrangements of Certain Officers.
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On May 16, 2019, at the annual meeting of stockholders (the Annual
Meeting) of Mattel, Inc. (Mattel), Mattels stockholders approved the Second Amendment to the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (the Plan Amendment). The Plan Amendment,
effective May 16, 2019, 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 14 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 makes the following key changes to the Plan, incorporating key compensation and governance best practices: (i) revises the full-value share debiting rate for awards granted on or after March 1, 2019 from
three-to-one
to two and
seven-tenths-to-one;
(ii) implements an annual
non-employee
director compensation limit of $750,000 applicable to both cash and equity compensation; and (iii) clarifies the change in control provisions of the Plan relating to when an award will be treated
as assumed for purposes of determining the extent to which vesting will be accelerated in connection with a change in control of Mattel or a qualifying termination of employment following a change in control.
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 Mattels Definitive Proxy Statement on Schedule 14A, as filed with the Securities and Exchange Commission on April 4, 2019 (the Proxy Statement).
Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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The Annual Meeting was held on May 16, 2019.
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:
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Name of Nominee
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Votes
Cast
FOR
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Votes Cast
AGAINST
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Abstentions
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Broker
Non-Votes
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R. Todd Bradley
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304,187,130
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1,650,139
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286,699
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22,485,568
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Adriana Cisneros
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305,131,757
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717,699
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274,512
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22,485,568
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Michael J. Dolan
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259,489,022
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46,432,777
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202,169
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22,485,568
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Ynon Kreiz
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301,937,503
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3,900,540
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285,925
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22,485,568
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Soren T. Laursen
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303,300,160
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2,633,707
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190,101
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22,485,568
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Ann Lewnes
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304,490,058
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1,340,549
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293,361
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22,485,568
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Roger Lynch
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305,162,862
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678,275
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282,831
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22,485,568
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Dominic Ng
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270,320,345
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35,613,389
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190,234
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22,485,568
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Dr. Judy D. Olian
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304,893,106
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1,061,489
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169,373
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22,485,568
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Vasant M. Prabhu
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302,128,819
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3,796,396
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198,753
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22,485,568
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Proposal 2, a proposal to ratify the selection of PricewaterhouseCoopers LLP as Mattels independent registered public
accounting firm for the year ending December 31, 2019, was approved by the following vote:
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Votes Cast FOR
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Votes Cast AGAINST
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Abstentions
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Broker Non-Votes
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323,599,277
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4,678,238
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332,021
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N/A
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Proposal 3, a proposal to approve, on a
non-binding,
advisory basis, the compensation
of Mattels named executive officers, was approved by the following vote:
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Votes Cast FOR
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Votes Cast AGAINST
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Abstentions
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Broker Non-Votes
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266,550,649
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39,226,317
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347,002
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22,485,568
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Proposal 4, a proposal to approve the Second Amendment to the Mattel, Inc. Amended and Restated 2010 Equity
and Long-Term Compensation Plan, was approved by the following vote:
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Votes Cast FOR
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Votes Cast AGAINST
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Abstentions
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Broker Non-Votes
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257,262,971
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48,483,114
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377,883
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22,485,568
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Proposal 5, a stockholder proposal regarding an amendment to stockholder proxy access, was not approved by the following vote:
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Votes Cast FOR
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Votes Cast AGAINST
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Abstentions
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Broker Non-Votes
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104,643,357
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200,941,824
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538,787
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22,485,568
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Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits:
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.
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MATTEL, INC.
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Dated: May 21, 2019
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By:
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/s/ Robert Normile
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Name:
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Robert Normile
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Title:
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Executive Vice President, Chief Legal Officer and Secretary
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