Current Report Filing (8-k)

Date : 05/21/2019 @ 9:07PM
Source : Edgar (US Regulatory)
Stock : Mattel, Inc. (MAT)
Quote : 12.26  0.54 (4.61%) @ 10:59PM

Current Report Filing (8-k)

 

 

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)

 

 

 

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 16, 2019, at the annual meeting of stockholders (the “Annual Meeting”) of Mattel, Inc. (“Mattel”), Mattel’s 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 Mattel’s Definitive Proxy Statement on Schedule 14A, as filed with the Securities and Exchange Commission on April 4, 2019 (the “Proxy Statement”).

 

Item 5.07.

Submission of Matters to a Vote of Security Holders.

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:

 

Name of Nominee

  

Votes Cast
“FOR”

    

Votes Cast
“AGAINST”

    

Abstentions

    

Broker
Non-Votes

 

R. Todd Bradley

     304,187,130        1,650,139        286,699        22,485,568  

Adriana Cisneros

     305,131,757        717,699        274,512        22,485,568  

Michael J. Dolan

     259,489,022        46,432,777        202,169        22,485,568  

Ynon Kreiz

     301,937,503        3,900,540        285,925        22,485,568  

Soren T. Laursen

     303,300,160        2,633,707        190,101        22,485,568  

Ann Lewnes

     304,490,058        1,340,549        293,361        22,485,568  

Roger Lynch

     305,162,862        678,275        282,831        22,485,568  

Dominic Ng

     270,320,345        35,613,389        190,234        22,485,568  

Dr. Judy D. Olian

     304,893,106        1,061,489        169,373        22,485,568  

Vasant M. Prabhu

     302,128,819        3,796,396        198,753        22,485,568  

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, 2019, was approved by the following vote:

 

Votes Cast “FOR”

  

Votes Cast “AGAINST”

  

Abstentions

  

Broker Non-Votes

323,599,277

   4,678,238    332,021    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

266,550,649

   39,226,317    347,002    22,485,568


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:

 

Votes Cast “FOR”

  

Votes Cast “AGAINST”

  

Abstentions

  

Broker Non-Votes

257,262,971

   48,483,114    377,883    22,485,568

Proposal 5, a stockholder proposal regarding an amendment to stockholder proxy access, was not approved by the following vote:

 

Votes Cast “FOR”

  

Votes Cast “AGAINST”

  

Abstentions

  

Broker Non-Votes

104,643,357

   200,941,824    538,787    22,485,568

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits:

 

Exhibit

No.

  

Exhibit Description

  

                             Incorporated by Reference                            

 
  

Form

    

File No.

    

Exhibit(s)

    

Filing Date

 
10.1    Second Amendment to Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan      DEF 14A        001-05647        Appendix A        April 4, 2019  


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 21, 2019

  By:  

/s/ Robert Normile

  Name:   Robert Normile
  Title:   Executive Vice President, Chief Legal Officer and Secretary

Mattel (NASDAQ:MAT)
Historical Stock Chart

1 Year : From Jul 2018 to Jul 2019

Click Here for more Mattel Charts.

Mattel (NASDAQ:MAT)
Intraday Stock Chart

Today : Tuesday 23 July 2019

Click Here for more Mattel Charts.

Latest MAT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.