Gate City reports 6.9% JAKKS Pacific (JAKK) ownership in Schedule 13G
Rhea-AI Filing Summary
Gate City Capital Management, LLC and Michael Melby report a significant passive ownership stake in JAKKS Pacific, Inc. common stock. They beneficially own 782,717 shares, representing 6.9% of the outstanding common stock as of 12/31/2025.
The filing states these securities were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing control of JAKKS Pacific, other than activities solely in connection with a nomination under Rule 240.14a-11.
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FAQ
What ownership stake does Gate City Capital hold in JAKKS Pacific (JAKK)?
Gate City Capital Management and Michael Melby beneficially own 782,717 JAKKS Pacific shares, representing 6.9% of the common stock. This Schedule 13G discloses their significant position and confirms their voting and dispositive power over these shares.
Is Gate City Capital’s JAKKS Pacific (JAKK) stake considered passive or activist?
The filing characterizes Gate City Capital’s JAKKS Pacific stake as passive. It certifies the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of the company.
Who are the reporting persons in this JAKKS Pacific (JAKK) Schedule 13G?
The reporting persons are Gate City Capital Management, LLC and Michael Melby. Melby is the managing member of the management company, which advises certain private funds and managed accounts that hold the JAKKS Pacific common shares reported.
What class of JAKKS Pacific (JAKK) securities is reported in this Schedule 13G?
The Schedule 13G covers JAKKS Pacific, Inc. common stock. The filing identifies the security as common stock with CUSIP number 47012E403 and reports Gate City Capital’s and Michael Melby’s beneficial ownership and related voting and dispositive powers.
As of what date is Gate City Capital’s JAKKS Pacific (JAKK) ownership reported?
The reported ownership of JAKKS Pacific shares is as of December 31, 2025. That date is specified as the event triggering the filing obligation for this Schedule 13G, reflecting beneficial ownership and percentage at that time.