JAKKS Pacific sets 2026 CEO, CFO bonus terms

JAKKS Pacific has set the 2026 annual performance bonus structure for its President and CEO, Stephen G. Berman, and CFO, John L. Kimble.

Filing Impact

(High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

JAKKS Pacific has set the 2026 annual performance bonus structure for its President and CEO, Stephen G. Berman, and CFO, John L. Kimble. For 2026, their bonuses are tied to company EBITDA, using tiered target ranges starting above $35,587,507 and increasing across higher levels.

Berman’s 2026 salary is $1,875,000 with a maximum bonus opportunity of 300% of salary, or up to $5,625,000. Kimble’s 2026 salary is $632,700 with a maximum bonus of 200% of salary, or up to $1,265,400. At the lowest EBITDA tier, both can earn a 25% bonus; at the highest, the CEO can earn 300% and the CFO 200% of salary.

EBITDA is calculated before bonuses and certain one-time, non-recurring Board‑approved costs. The Compensation Committee may adjust targets, percentages, and payouts for extraordinary items, strategic transaction fees, and unforeseen market or economic conditions, and apply linear interpolation when results fall between EBITDA target levels.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did JAKKS Pacific (JAKK) change about 2026 executive bonuses?

JAKKS Pacific set detailed 2026 bonus criteria for its CEO and CFO, based on EBITDA ranges and percentage-of-salary payouts. The Compensation Committee defined thresholds, maximum bonus levels, and how payouts scale with performance for the year.

How large are the 2026 bonus opportunities for JAKKS Pacific’s CEO and CFO?

For 2026, CEO Stephen Berman has a salary of $1,875,000 and can earn up to 300% of salary, or $5,625,000. CFO John Kimble’s salary is $632,700 with a maximum bonus of 200% of salary, or $1,265,400, at the highest EBITDA tier.

What performance metric determines JAKKS Pacific (JAKK) 2026 executive bonuses?

The 2026 bonuses for JAKKS Pacific’s CEO and CFO are tied to EBITDA, as defined in their employment agreements. EBITDA is measured before bonuses and certain one-time, non-recurring Board‑approved costs, with payouts increasing across specified EBITDA target ranges.

What EBITDA levels drive JAKKS Pacific’s 2026 executive bonus tiers?

Bonus tiers begin when EBITDA exceeds $35,587,507 and step up through ranges that include thresholds at $45,587,507, $55,587,507, and $65,587,507. As EBITDA moves into higher ranges, the applicable bonus percentage of salary for the CEO and CFO increases accordingly.

Can JAKKS Pacific’s Compensation Committee adjust 2026 executive bonuses?

Yes. The Compensation Committee may adjust performance criteria, targets, and bonus percentages for extraordinary or special items. It also reserved negative discretion to reflect strategic transaction fees and unforeseen market or general economic conditions when determining final bonus payouts.

How are JAKKS Pacific executive bonuses calculated between EBITDA targets?

If actual EBITDA exceeds the minimum target but falls between two defined EBITDA target amounts, the Additional Performance Bonus is determined by linear interpolation. This means payouts are proportionally adjusted between tiers rather than jumping only at discrete thresholds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 03/27/2026 - 09:04 AM

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): March 25, 2026

JAKKS PACIFIC, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-35448	95-4527222
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

2951 28th Street, Santa Monica, California		90405
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (424) 268-9444

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

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $.001 par value		JAKK		NASDAQ Global Select Market

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))

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. ☐

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Employment agreements for Stephen G. Berman, our President and Chief Executive Officer, and for John L. Kimble, our Chief Financial Officer, provide, inter alia, that for fiscal year 2026, their respective Annual Performance Bonuses (as such terms are defined in their respective employment agreements) will depend on our achieving certain performance criteria. The specific performance criteria are to be determined by the Compensation Committee (the “Compensation Committee”) of our Board of Directors (the “Board”) before the end of the Company’s first fiscal quarter. The performance criteria for Messrs. Berman and Kimble’s respective 2026 Annual Performance Bonuses have been established by the Compensation Committee and are set forth below.

EBITDA (as defined in the respective employment agreements) is calculated before including Bonuses as an expense and one-time non-recurring costs for initiatives approved by the Board. The performance criteria, bonus targets and bonus percentages may be adjusted in the sole discretion of the Compensation Committee to take account of extraordinary or special items, and the Compensation Committee also specifically reserved the right to modify the performance criteria, bonus targets and bonus percentages in the exercise of its negative discretion to take account of investment banking, accounting and legal fees incurred in connection with any strategic transactions and unforeseen market and general economic conditions.

To the extent that EBITDA exceeds the minimum EBITDA target amount but falls between two EBITDA target amounts, the amount of the Additional Performance Bonus shall be determined by the Compensation Committee through linear interpolation.

								Maximum Bonus			Maximum Bonus
Name	Title				2026 Salary			(%)			($)
Stephen G. Berman	CEO				$	1,875,000			300	%	$	5,625,000
John L. Kimble	CFO				$	632,700			200	%	$	1,265,400

		EBITDA TARGET
More Than		$	35,587,507		$	45,587,507		$	55,587,507		$	65,587,507
Less Than		$	45,587,507		$	55,587,507		$	65,587,507

	BONUS PERCENTAGE OF 2026 SALARY

CEO			25	%		100	%		200	%		300	%
CFO			25	%		100	%		150	%		200	%

SIGNATURE

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.

	JAKKS PACIFIC, INC.

March 27, 2026	By:	/s/ JOHN L. KIMBLE
		John L. Kimble, CFO

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents