MATTEL INC /DE/

Mattel's stockholders approved the amendment and restatement of the 2010 Equity and Long-Term Compensation Plan, increasing the number of shares available for issuance by 2,155,000 and extending the plan's termination date to March 19, 2036. Additionally, all director nominees were elected, PricewaterhouseCoopers LLP was ratified as the independent auditor for 2026, and the compensation of named executive officers was approved on an advisory basis. These actions took place at the company's 2026 Annual Meeting of Stockholders.

Mattel reported a net income of $61.0 million, or $0.21 per basic share, for Q1 2026, a significant improvement from a net loss of $40.3 million in Q1 2025. Net sales increased to $862.2 million from $826.6 million year-over-year. The company completed the acquisition of the remaining 50% equity interest in Mattel163 Limited for $178.6 million, recognizing a $147.9 million gain from remeasurement. Mattel also repurchased $200 million in shares during the quarter and issued $600 million in new senior notes.

Mattel, Inc. announced a significant leadership transition in its commercial operations. Effective May 1, 2026, Steve Totzke will step down from his role as President and Chief Commercial Officer. He will be succeeded by Sanjay Luthra, currently Executive Vice President and Managing Director of EMEA and Global Direct-to-Consumer, who will take on the Chief Commercial Officer position, overseeing Mattel's global sales. Mr. Totzke will transition into an advisory role as Executive Advisor and President, Strategic Transition, until his employment terminates on December 31, 2026, ensuring a smooth handover. This strategic move aims to maintain continuity in global commercial operations under new leadership reporting directly to CEO Ynon Kreiz.