Vasant M. Prabhu Not to Stand for Re-Election to Mattel, Inc.'S Board of Directors
April 20, 2020 at 04:43 pm EDT
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On April 15, 2020, Vasant M. Prabhu informed Mattel, Inc. that he will not stand for re-election to the company's Board of Directors at the company's 2020 Annual Meeting of Stockholders. Mr. Prabhu has served as a director since 2007, is Chairman of the Audit Committee, and is a member of the Finance Committee and Executive Committee. Mr. Prabhu will remain a director until the 2020 Annual Meeting. Mr. Prabhu's decision to not stand for re-election was not due to any disagreements with the Company on any matter relating to the Company's operations, policies, or practices.
Mattel, Inc. is a global toy company and owner of catalogs of children's and family entertainment franchises. The Company's operating segments include North America, International and American Girl. The North America and International segments sell products across its categories, although some products are developed and adapted for particular international markets. The American Girl segment is a direct marketer, retailer, and children's publisher. Its product categories include Dolls; Infant, Toddler, and Preschool; Vehicles, and Action Figures, Building Sets, Games, and Other. Its brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, and MEGA, as well as other intellectual properties that it owns or licenses in partnership with global entertainment companies. Its offerings include film and television content, gaming and digital experiences, music, and live events. Its products are available in more than 150 countries.
MATTEL, INC. 
