FUNKO, INC. : Results of Operations and Financial Condition (form 8-K)
April 08, 2020 at 05:37 pm EDT
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Item 2.02 Results of Operations and Financial Condition.
On April 2, 2020, Funko, Inc. (the "Company") issued a press release containing
preliminary balance sheet information for the quarter ended March 31, 2020 and
announcing a business update related to the impact of the COVID-19 pandemic. The
full text of the press release issued in connection with the announcement is
furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information in Item 2.02 of this report (including Exhibit 99.1) shall not
be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 8, 2020, the Company announced that Brian Mariotti, the Company's Chief
Executive Officer, Andrew Perlmutter, the Company's President, Jennifer Fall
Jung, the Company's Chief Financial Officer, and Tracy Daw, the Company's Senior
Vice President, General Counsel and Secretary, have each agreed to a reduction
in their base salary by 20% through June 30, 2020 in light of the economic
uncertainty stemming from the COVID-19 pandemic.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No. Description
99.1 Press release, dated April 2, 2020.
Funko, Inc. operates as a pop culture lifestyle brand. The Company is engaged in selling a range of licensed pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products are principally figures, fashion accessories, apparel, plush products, accessories, homewares, and non-fungible tokens (NFTs). Its products combine its brands and designs and aesthetic sensibilities into properties it licenses from content providers. In addition to offering multiple properties and product categories, it creates and sells a variety of brands that have their own look and feel. The Company's brand portfolio includes Core Collectibles (which include Pop! Vinyl, as well as other branded lines such as Soda, Bitty Pop!, and Pop! Yourself), Loungefly (softlines including bags, wallets, backpacks and apparel) and Other (which includes brands, such as Digital Pop! and Mondo).
FUNKO, INC. 
