MATTEL INC /DE/ (MAT) Form 8-K — Oct 21, 2026
Mattel entered into a cooperation agreement with EdgePoint Investment Group, an approximately 18% stockholder and the company's largest shareholder, and appointed EdgePoint Partner Lee Matheson to the Board effective October 21, 2026. The Board expanded from nine to ten members to accommodate the appointment. The agreement includes customary provisions: EdgePoint agreed to vote its shares in line with Board recommendations (subject to ISS/Glass Lewis exceptions), observe standstill restrictions capped at 50,515,811 shares, and maintain confidentiality and non-disparagement commitments.
Key figures
- Board size change
- increased from nine to ten members
- Standstill cap shares
- 50515811
- Edgepoint shares owned
- 50515811
- Edgepoint stake percent
- approximately 18%
- Expense reimbursement cap usd
- 500000
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