Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
In accordance with the Certificate of Designations of the Powers, Preferences
and Relative, Participating, Optional and Other Special Rights, and
Qualifications, Limitations and Restrictions Thereof (the "Certificate of
Designations") of the Series A Senior Preferred Stock, par value $0.001 per
share (the "Series A Preferred Stock") of the Company, the Holders of Series A
Preferred Stock which collectively hold more than fifty percent (50%) of the
currently outstanding shares of Series A Preferred Stock removed Andrew Axelrod
as a Series A Preferred Director and member of the Compensation Committee and
Nominating and Governance Committee and nominated Lori MacPherson as a Series A
Preferred Director, which nomination was approved by the Company's Board of
Directors on September 27, 2021, and Ms. MacPherson's election as a Series A
Preferred Director and member of the Compensation Committee and Nominating and
Governance Committee became effective on that date.
There are no arrangements or understandings between Ms. MacPherson and any other
person pursuant to which she was elected as a director. There are no
transactions in which Ms. MacPherson has an interest requiring disclosure under
Item 404(a) of Regulation S-K of the Securities Act.
Ms. MacPherson's compensation arrangements will be the same as for other
non-employee Directors.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
JAKKS PACIFIC, INC. 
