Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangements of Certain Officers.
OnMay 25, 2022 , at the annual meeting of stockholders (the "Annual Meeting") ofMattel, Inc. ("Mattel"),Mattel 's stockholders approved the Sixth Amendment to theMattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (the "Plan Amendment"). The Plan Amendment, effectiveMay 25, 2022 , amends theMattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (as amended, the "Plan"). The purpose of the Plan is to promote the interests ofMattel and its stockholders by enablingMattel to offer an opportunity to employees, non-employee directors and consultants to receive grants of equity-based and cash-based incentive awards, so as to better attract, retain, and reward them, to align their interests with those of stockholders, and to provide them with an incentive for outstanding performance to generate superior returns toMattel stockholders. The Plan Amendment increases the maximum number of shares that may be issued pursuant to the Plan by 10 million shares, enablingMattel to continue to use the Plan as a critical tool to attract, motivate, reward, and retain its key employees and directors. In addition, the Plan Amendment revises the full-value share debiting rate for awards granted afterMarch 1, 2022 from one and nine-tenths-to-one (1.9:1) to one and five-tenths-to-one (1.5:1). The foregoing summary description of the Plan Amendment is qualified in its entirety by reference to the actual terms of the Plan Amendment, a copy of which is attached as Appendix A toMattel 's Definitive Proxy Statement on Schedule 14A, as filed with theSecurities and Exchange Commission onApril 12, 2022 (the "Proxy Statement").
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting was held on
All of the nominees for director listed in Proposal 1 in the Proxy Statement were elected by a majority of the votes cast, as follows:
Votes Cast Votes Cast Broker
Proposal 2, a proposal to ratify the selection of
Votes Cast "FOR" Votes Cast "AGAINST" Abstentions Broker Non-Votes
325,412,780 9,359,333 224,450 N/A Proposal 3, a proposal to approve, on a non-binding, advisory basis, the compensation ofMattel 's named executive officers, was approved by the following vote: Votes Cast "FOR" Votes Cast "AGAINST" Abstentions Broker Non-Votes 297,877,833 21,564,282 294,416 15,260,032
Proposal 4, a proposal to approve the Sixth Amendment to the
Votes Cast "FOR" Votes Cast "AGAINST" Abstentions Broker Non-Votes
268,497,338 50,942,189 297,004 15,260,032
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Proposal 5, a stockholder proposal regarding
Votes Cast "FOR" Votes Cast "AGAINST" Abstentions Broker Non-Votes
41,450,761 277,891,762 394,008 15,260,032
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits: Incorporated by Reference Exhibit
No. Exhibit Description Form File No. Exhibit(s) Filing Date 10.1 Sixth Amendment toMattel, Inc. DEF 14A 001-05647 Appendix A April 12, 2022 Amended and Restated 2010 Equity and Long-Term Compensation Plan 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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