[8-K] Kartoon Studios, Inc. Reports Material Event

Rhea-AI Filing Summary

Kartoon Studios, Inc. (TOON) submitted an 8-K disclosing the inclusion of an Employment Agreement with Andy Heyward dated August 25, 2025, filed as Exhibit 10.1, and an interactive cover page XBRL file (Exhibit 104). The filing lists standard checkboxes for Rule 425, Rule 14a-12, Rule 14d-2(b), and Rule 13e-4(c) communications but does not indicate that any of those categories apply. The document provides the exhibit descriptions and signatures by Michael Jaffa as General Counsel, but it does not include the text of the employment agreement or additional details about terms, compensation, responsibilities, or material effects on the company.

Positive

• Filed an Employment Agreement with Andy Heyward as Exhibit 10.1 (dated August 25, 2025)
• Included interactive XBRL cover page filed as Exhibit 104, indicating standard electronic disclosure formatting

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Company filed an employment agreement as an exhibit; the filing provides no contract terms or material impact details.

The filing formally attaches an employment agreement with Andy Heyward as Exhibit 10.1 and an interactive cover page as Exhibit 104. From a governance perspective, filing the agreement is a standard disclosure practice to ensure transparency about executive arrangements. The 8-K text supplied here lacks the substantive contract language, so no assessment of compensation alignment, change-in-control provisions, termination clauses, or potential related-party considerations can be made. The signature by General Counsel confirms procedural filing completeness but not materiality.

Securities/Compliance Analyst

TL;DR: The company complied with 8-K exhibit disclosure requirements by furnishing the employment agreement exhibit and XBRL cover page.

Regulatory compliance appears satisfied in that the exhibit list identifies an employment agreement and the interactive data file. However, because the content provided here omits the actual agreement text and any discussion of whether the engagement triggers other disclosure obligations, no further compliance or investor-impact conclusions can be drawn from the excerpt alone.

false 0001355848 0001355848 2025-08-25 2025-08-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): August 25, 2025

KARTOON STUDIOS, INC.

(Exact name of registrant as specified in its charter)

Nevada (State or other jurisdiction
of incorporation or organization) 001-37950 (Commission File Number) 20-4118216 (I.R.S. Employer Identification No.)

190 N. Canon Drive, 4th Fl., Beverly Hills, CA 90210

(Address of principal executive offices) (Zip Code)

(310) 273-4222

Registrant’s telephone number, including area code

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 (see General Instruction A.2 below):

☐ 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, par value $0.001 per share	TOON	NYSE American LLC

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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 25, 2025, Kartoon Studios, Inc., a Nevada corporation (the “Company”), entered into a new Executive Employment Agreement (the “Employment Agreement”) with Andrew Heyward (the “Heyward Employment Agreement”), which supersedes and replaces Mr. Heyward’s prior employment agreement with the Company. Pursuant to the Heyward Employment Agreement, Mr. Heyward will continue to serve as the Company’s Chief Executive Officer for a three-year term, effective August 25, 2025 (the “Effective Date”) at an annual base salary equivalent to the total annual compensation, paid to Mr. Heyward under his prior employment agreement with the Company. Pursuant to the Heyward Employment Agreement, Mr. Heyward will also be eligible to receive an annual performance bonus upon the achievement of yearly bonus targets.

The full text of the Heyward Employment Agreement, a copy of which is attached hereto as Exhibit 10.1 is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Exhibit Description
10.1*		Employment Agreement between Kartoon Studios, Inc. and Andy Heyward, dated August 25, 2025
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

* Exhibits and Schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted exhibit and schedule to the SEC upon request.

2

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.

	KARTOON STUDIOS, INC.
Date: August 29, 2025	By:	/s/ Michael Jaffa
	Name:	Michael Jaffa
	Title:	General Counsel

3

FAQ

What did Kartoon Studios (TOON) disclose in this 8-K?

The company disclosed the Employment Agreement with Andy Heyward dated August 25, 2025 as Exhibit 10.1 and an interactive cover page as Exhibit 104.

Does the filing include the terms of Andy Heyward’s employment agreement?

No. The provided content only lists the Employment Agreement as an exhibit; the text and terms of the agreement are not included in the excerpt.

Did Kartoon Studios indicate any Rule 425 or solicitation communications apply?

The filing shows the standard checkboxes for Rule 425, Rule 14a-12, Rule 14d-2(b), and Rule 13e-4(c), but none are marked as applicable in the provided text.

Who signed the filing for Kartoon Studios?

The filing excerpt is signed by Michael Jaffa, General Counsel for Kartoon Studios, Inc.

Is there information on how this agreement affects company finances or governance?

No. The excerpt does not provide details on compensation, governance changes, or financial impact.