Nov 5, 4:18 PM ET
Mattel reported third quarter 2026 net sales of $1,807 million, up 4%, and diluted EPS of $1.23 versus $0.88 a year earlier. The company said the gross margin gain was primarily driven by $88 million of tariff refunds, and its revised 2026 guidance excludes those refunds. The company also named Steve Totzke President and Chief Operating Officer, effective November 11, 2026.
- Q3 2026 net sales were $1,807 million, up 4% as reported and 3% in constant currency
- Q3 2026 net income was $354 million, an increase of $75 million; diluted EPS was $1.23 versus $0.88
- Full-year 2026 adjusted EPS guidance is $1.05 to $1.20 and adjusted operating income guidance is $500 million to $570 million, excluding tariff refunds
- Steve Totzke appointed President and COO effective November 11, 2026; Roberto Stanichi resigned as President, Chief Marketing and Brand Officer, effective November 10, 2026
Read the filing on SEC.gov ↗
Oct 21, 5:57 PM ET
Mattel entered into a cooperation agreement with EdgePoint Investment Group, described as an approximately 18% stockholder, and appointed EdgePoint Partner Lee Matheson as a director effective October 21, 2026. The Board increased its size from nine to ten members, and the filing says EdgePoint agreed to customary voting commitments and standstill restrictions. The filing does not include any financial results, so the deal's effect on shareholders depends on how the agreement is applied over time.
- Lee Matheson, a Partner at EdgePoint, joined the Board effective October 21, 2026, with a term expiring at the 2027 Annual Meeting; Mattel agreed to nominate him for re-election.
- The Board increased from nine to ten members in connection with the appointment.
- EdgePoint agreed to customary voting commitments, standstill restrictions and confidentiality provisions.
- Mattel's obligations under the agreement end in certain circumstances, including if EdgePoint ceases to beneficially own at least 10% of Mattel's outstanding common stock.
Read the filing on SEC.gov ↗
Oct 19, 8:08 AM ET
Mattel appointed Peter Griffith, formerly CFO of Amgen, as Chief Financial Officer effective October 20, 2026, and as a non-independent board director. Paul Ruh, the current CFO, moves to an advisory role through December 31, 2026, and director Adriana Cisneros resigned from the board on October 18, 2026. The filing does not report financial results, so it does not change reported figures, but it marks a change in the company's top finance role.
- Peter Griffith starts as CFO on October 20, 2026; he reports to Chairman and CEO Roger Lynch.
- Griffith's offer includes a $1,300,000 base salary, a target bonus of 100% of salary, and a $3,300,000 performance-based RSU award.
- Paul Ruh's separation agreement keeps his $950,000 base salary through December 31, 2026, when his employment ends.
- Adriana Cisneros resigned from the board on October 18, 2026, and the filing says the resignation was not due to a disagreement with the company.
Read the filing on SEC.gov ↗
Oct 14, 4:36 PM ET
Mattel amended the September 29, 2026 offer letter with Roger Lynch, its Chief Executive Officer, setting his start date as October 12, 2026 and moving the timing of his initial equity awards to that date. The amendment also raises his change-in-control severance multiplier to 2.99 times from two times for terminations on or before December 31, 2028, and adds an excise tax make-whole payment for changes of control on or before that date, which shareholders may view as added cost tied to the CEO's pay package.
- Start date set as October 12, 2026; make-whole, inducement and 2026 annual long-term awards now granted on that date rather than the last trading day of the month
- Awards total 461,538 make-whole RSUs, 461,538 inducement PSUs and 461,538 annual PSUs at target plus 307,692 annual RSUs
- Change-in-control cash severance multiplier raised to 2.99 times from two times for qualifying terminations through December 31, 2028
- Excise tax make-whole provision applies to a change of control on or before December 31, 2028; the filing says the amendment followed recent external developments
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.