SANTA MONICA, Calif.--(BUSINESS WIRE)--Dec. 29, 2017--
JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that Joel M. Bennett,
the Company’s Chief Financial Officer, will be stepping down from his
position at the Company. The Company also announced that it has
commenced an external search to identify a new CFO. In order to arrange
for a smooth transition, Mr. Bennett will continue as the Company’s
Chief Financial Officer until completion of the Company’s annual report
for the 2017 fiscal year or such earlier date that a successor has been
named and transitioned to the office of Chief Financial Officer.
Stephen Berman, Chairman and Chief Executive Officer, stated: “We
appreciate the 22 years of service provided to the Company by Mr.
Bennett and wish him well in pursuing other opportunities.”
About JAKKS Pacific, Inc.
JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer
and marketer of toys and consumer products sold throughout the world,
with its headquarters in Santa Monica, California. JAKKS Pacific’s
popular proprietary brands include BIG-FIGS™, XPV®, Max Tow™ and
Friends, Disguise®, Moose Mountain®, Funnoodle®, Maui®, Kids Only!®; a
wide range of entertainment-inspired products featuring premier licensed
properties; and C’est Moi™, a youth skincare and makeup brand. Through
JAKKS Cares, the company’s commitment to philanthropy, JAKKS is helping
to make a positive impact on the lives of children. Visit us at www.jakks.com and
follow us on Instagram (@jakkstoys),
and Facebook (JAKKS
© 2017 JAKKS Pacific, Inc. All rights reserved.
Forward Looking Statements
This press release may contain “forward-looking statements” (within the
meaning of the Private Securities Litigation Reform Act of 1995) that
are based on current expectations, estimates and projections about JAKKS
Pacific's business based partly on assumptions made by its management.
These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such statements due to numerous factors,
including, but not limited to, those described above, changes in demand
for JAKKS' products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, and
difficulties with integrating acquired businesses. The “forward-looking
statements” contained herein speak only as of the date on which they are
made, and JAKKS undertakes no obligation to update any of them to
reflect events or circumstances after the date of this release.
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Source: JAKKS Pacific, Inc.
JAKKS Pacific, Inc.
Rachel Griffin, 424-268-9553
Sean McGowan, 949-574-3860