{"url_path":"/sec/jakk/8-k/2026-03-27/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Principal Officers;","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-03-27","source_url":"https://www.sec.gov/Archives/edgar/data/1009829/0001185185-26-001082-index.html","accession_number":"0001185185-26-001082","cik":"0001009829","ticker":"JAKK","issuer_name":"JAKKS PACIFIC INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1009829/0001185185-26-001082-index.html","primary_entity_key":"0001009829","primary_entity_name":"JAKKS PACIFIC INC"},"word_count":366,"has_tables":true,"body_markdown":"**Item 5.02. Departure of Directors or Principal Officers;\nElection of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nEmployment agreements for Stephen G. Berman, our President\nand Chief Executive Officer, and for John L. Kimble, our Chief Financial Officer, provide, inter alia, that for fiscal year 2026, their\nrespective Annual Performance Bonuses (as such terms are defined in their respective employment agreements) will depend on our achieving\ncertain performance criteria. The specific performance criteria are to be determined by the Compensation Committee (the “Compensation\nCommittee”) of our Board of Directors (the “Board”) before the end of the Company’s first fiscal quarter. The\nperformance criteria for Messrs. Berman and Kimble’s respective 2026 Annual Performance Bonuses have been established by the Compensation\nCommittee and are set forth below.\n\n \n\nEBITDA (as defined in the respective employment agreements)\nis calculated before including Bonuses as an expense and one-time non-recurring costs for initiatives approved by the Board. The performance\ncriteria, bonus targets and bonus percentages may be adjusted in the sole discretion of the Compensation Committee to take account of\nextraordinary or special items, and the Compensation Committee also specifically reserved the right to modify the performance criteria,\nbonus targets and bonus percentages in the exercise of its negative discretion to take account of investment banking, accounting and legal\nfees incurred in connection with any strategic transactions and unforeseen market and general economic conditions.\n\n \n\nTo the extent that EBITDA exceeds the minimum EBITDA target\namount but falls between two EBITDA target amounts, the amount of the Additional Performance Bonus shall be determined by the Compensation\nCommittee through linear interpolation.\n\n \n\n  \n  \n   \n   \nMaximum Bonus  \nMaximum Bonus \n\nName \nTitle \n    \n2026 Salary  \n(%)  \n($) \n\nStephen G. Berman \nCEO \n    \n$1,875,000  \n 300% \n$5,625,000 \n\nJohn L. Kimble \nCFO \n    \n$632,700  \n 200% \n$1,265,400 \n\n  \n  \n    \n    \n    \n   \n\n  \n  \nEBITDA TARGET  \n   \n   \n  \n\nMore Than \n  \n$35,587,507  \n$45,587,507  \n$55,587,507  \n$65,587,507 \n\nLess Than \n  \n$45,587,507  \n$55,587,507  \n$65,587,507  \n   \n\n  \n  \n    \n    \n    \n   \n\n  \nBONUS PERCENTAGE OF 2026 SALARY  \n   \n  \n\n  \n  \n   \n   \n   \n  \n\nCEO \n  \n 25% \n 100% \n 200% \n 300%\n\nCFO \n  \n 25% \n 100% \n 150% \n 200%\n\n \n\n1\n\n \n\n \n\n**SIGNATURE**\n\n** **\n\nPursuant to the requirements of the Securities\nExchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\n \n\n \n**JAKKS PACIFIC, INC.**\n\n \n \n\nMarch 27, 2026\nBy:\n/s/ JOHN L. KIMBLE\n\n \n \nJohn L. Kimble, CFO\n\n \n\n2"}