UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 11, 2015

 

JAKKS PACIFIC, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 0-28104 95-4527222
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

 

22619 Pacific Coast Highway, Malibu, California 90265
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (310) 456-7799

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
 

 

Item 8.01. Other Events.

 

Stock and/or Convertible Note Buy-Back

 

On June 16, 2015 we issued a press release announcing that based upon the unanimous approval of the independent directors, our Board of Directors has authorized us to purchase, from time to time through March 31, 2016, up to an aggregate of $30.0 million of our outstanding common stock and/or convertible notes through open market repurchases or in privately negotiated transactions. A copy of the press release is attached hereto.

 

Item 9.01. Financial Statements and Exhibits

 

(d)Exhibits

  

Exhibit Description
   
99.1 Press release dated June 16, 2015

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  JAKKS PACIFIC, INC.
     
Dated:  June 16, 2015    
  By:   /s/ JOEL M. BENNETT
    Joel M. Bennett, CFO

  

 
 

 

EXHIBIT INDEX

 

Exhibit Description
   
99.1 Press release dated June 16, 2015

 

 

 

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

JAKKS Pacific Announces Authorization to Purchase up to $30.0 Million of its

Outstanding Common Stock and/or Convertible Notes

 

Malibu, CA – June 16, 2015 – Leading U.S. toymaker JAKKS Pacific, Inc. (Nasdaq: JAKK) ("JAKKS" or the "Company") today announced that based upon the unanimous approval of its independent directors, its Board of Directors has authorized the Company to purchase from time to time through March 31, 2016 up to an aggregate of $30.0 million of the Company’s outstanding common stock and/or convertible notes through open market repurchases or in privately negotiated transactions.

 

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. is a leading designer and marketer of toys and consumer products with a wide range of products that feature popular brands and children's toy licenses.  JAKKS’ diverse portfolio includes Action Figures, Electronics, Dolls, Dress-Up, Role Play, Halloween Costumes, Kids Furniture, Vehicles, Plush, Art Activity Kits, Seasonal Products, Infant/Pre-School, Construction Toys, Ride-On Vehicles, Wagons, Inflatable Environments and Tents, Impulse Toys and Pet Products sold under various proprietary brands including JAKKS Pacific®, Road Champs®, Funnoodle®, JAKKS Pets™, Plug It In & Play TV Games™, Kids Only!®, Tollytots®, Disguise®, Moose Mountain® and Maui®. JAKKS is an award-winning licensee of several hundred nationally and internationally known trademarks including Nickelodeon®, Warner Bros®, DC Comics and Saban’s Power Rangers®. DreamPlay Toys, LLC is a joint venture between JAKKS Pacific, Inc. and NantWorks LLC to develop, market and sell toys and related consumer products incorporating NantWorks’ proprietary iD recognition technology. www.jakks.com

 

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CONTACTS:

Sara Rosales Montalvo Joel Bennett
JAKKS Pacific, Inc. JAKKS Pacific, Inc.
310.455.6245 310.455.6210