JAKKS Pacific Restructures Board Ahead of 2025 Meeting

JAKKS Pacific has announced a restructuring of its Board of Directors as part of the ongoing transition following its 2019 recapitalization. The board size will decrease from seven to six members, with three current directors, including Matthew Winkler, stepping down. New nominees Jonathan R. Liebman and Jordan Moelis have been proposed for election to Class II of the Board, joining existing director Alexander Shoghi. The company has scheduled its 2025 Annual Meeting for June 20, 2025, with shareholder notifications set for May 6, 2025. This restructuring is seen as a strategic move to align the board's composition with the company's growth trajectory and enhance shareholder returns. JAKKS Pacific's financial recovery has been noted, with a strong balance sheet and favorable P/E ratio.