MATTEL INC /DE/ (MAT) Form 8-K — Oct 14, 2026
Mattel amended CEO Roger Lynch's offer letter on October 12, 2026, moving his start date to that day and granting his make-whole RSU (461,538 units), inducement PSU (461,538), and 2026 annual LTI (461,538 PSUs at target plus 307,692 RSUs) awards on the start date. The amendment was made "following recent external developments" and also boosts Lynch's change-in-control cash severance multiplier to 2.99x (from 2x) if a qualifying termination occurs on or before December 31, 2028.
Key figures
- Annual lti award
- 461,538 PSUs (at target) and 307,692 RSUs
- Inducement psu award
- 461,538 PSUs
- Make whole rsu award
- 461,538 RSUs
- Cic severance multiplier
- 2.99x
- Severance protection window
- through December 31, 2028
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