<SEC-DOCUMENT>0001193125-17-011188.txt : 20170117
<SEC-HEADER>0001193125-17-011188.hdr.sgml : 20170117
<ACCEPTANCE-DATETIME>20170117164802
ACCESSION NUMBER:		0001193125-17-011188
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20170111
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170117
DATE AS OF CHANGE:		20170117

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MATTEL INC /DE/
		CENTRAL INDEX KEY:			0000063276
		STANDARD INDUSTRIAL CLASSIFICATION:	DOLLS & STUFFED TOYS [3942]
		IRS NUMBER:				951567322
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05647
		FILM NUMBER:		17531205

	BUSINESS ADDRESS:	
		STREET 1:		333 CONTINENTAL BLVD
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245
		BUSINESS PHONE:		3102522000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d325057d8k.htm
<DESCRIPTION>FORM 8-K
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<TITLE>Form 8-K</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:52%">&nbsp;</P></center> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:52%">&nbsp;</P></center> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Current Report
</B></P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 or 15(d) </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of Earliest Event Reported): </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>January&nbsp;11, 2017 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:52%">&nbsp;</P></center> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>MATTEL, INC.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:52%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-05647</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">95-1567322</FONT></B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>&nbsp;&nbsp;&nbsp;&nbsp;of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File No.)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>333 Continental Boulevard, El Segundo, California&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>90245-5012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(310) <FONT STYLE="white-space:nowrap">252-2000</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>N/A </B></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former name or
former address, if changed since last report) </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:52%">&nbsp;</P></center> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#9744;&nbsp;&nbsp;Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17 CFR <FONT
STYLE="white-space:nowrap">240.14a-12)</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&#9744;&nbsp;&nbsp;Pre-commencement</FONT> communications pursuant to Rule
<FONT STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT
STYLE="white-space:nowrap">&#9744;&nbsp;&nbsp;Pre-commencement</FONT> communications pursuant to Rule <FONT STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #b2b2b2">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 5 - Corporate Governance and Management </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="15%" VALIGN="top" ALIGN="left"><B>Item&nbsp;5.02</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. </B></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">On January&nbsp;11, 2017, Margaret H. Georgiadis was appointed as the Chief Executive Officer (&#147;CEO&#148;) of Mattel, Inc. (the
&#147;Company&#148;), effective as of February&nbsp;8, 2017. In addition, effective as of February&nbsp;8, 2017, (i) the size of the Board of Directors (the &#147;Board&#148;) was increased from ten to eleven members, (ii)&nbsp;Ms.&nbsp;Georgiadis
was elected as a new member of the Board, and (iii)&nbsp;Ms.&nbsp;Georgiadis&nbsp;was appointed to serve as the sole member of the Equity Grant Allocation Committee. In connection with the appointment of Ms.&nbsp;Georgiadis as CEO, effective as of
February&nbsp;8, 2017, Christopher A. Sinclair will resign from his role as the Company&#146;s CEO and will serve as Executive Chairman of the Board. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">Prior to joining Mattel, Ms.&nbsp;Georgiadis, age 52,&nbsp;served as President, Americas at Google Inc., a global technology company, since
September 2011. Ms.&nbsp;Georgiadis was the Chief Operating Officer of Groupon, Inc., a global online local marketplace, from April 2011 through September 2011. Before joining Groupon, she served as Vice President, Global Sales Operations at Google
from October 2009 to April 2011. From January 2009 through September 2009, Ms.&nbsp;Georgiadis was a principal at Synetro Capital LLC, a private investment firm, and has served as a director of Synetro Capital since October 2009. Previously she
served as Executive Vice President, Card Products and Chief Marketing Officer at Discover Financial Services from 2004 through 2008, and as a partner at McKinsey&nbsp;&amp; Company (London and Chicago) from 1990 through 2004. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Georgiadis has been a member of the board of directors of Amyris, Inc. since December 2015. She has also been a member of the board
of directors of McDonald&#146;s Corporation since January 2015 and serves as a member of its audit and finance committees. She previously served as a director of The Jones Group Inc. from February 2009 through April 2014. Ms.&nbsp;Georgiadis also
has served as a director of the following <FONT STYLE="white-space:nowrap">non-profit</FONT> entities: the Ad Council since July 2012 (Chair since July 2016), World Business Chicago since October 2014, Mobile Marketing Association since September
2016, and The Economic Club of Chicago since July 2013. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">In connection with her appointment as CEO, the Company entered into an offer
letter with Ms.&nbsp;Georgiadis&nbsp;on January&nbsp;11, 2017 (the &#147;Offer Letter&#148;), which provides for the following effective as of February&nbsp;8, 2017: (i) an annual base salary of $1,500,000; (ii) a target annual cash incentive
opportunity under the Mattel Incentive Plan (&#147;MIP&#148;) of 150% of base salary, up to a maximum of 300% of base salary, with a minimum payout for 2017 of $1,500,000; (iii) a number of restricted stock units (&#147;RSUs&#148;), as part of a <FONT
STYLE="white-space:nowrap">new-hire</FONT> grant, equal to $5,500,000 divided by the average of the closing trading prices of the Company&#146;s common stock over the 20 consecutive trading days immediately prior to the grant date (the &#147;Average
Price&#148;); and (iv)&nbsp;a <FONT STYLE="white-space:nowrap">new-hire</FONT> grant of a stock option to purchase a number of shares of Company common stock equal to $5,500,000 divided by a Black-Scholes value, determined using the Average Price.
The <FONT STYLE="white-space:nowrap">new-hire</FONT> RSUs and stock option will vest as to 50% of the shares on the second anniversary of the grant date and as to the remaining 50% on the third anniversary of the grant date, subject to continued
service, and will vest in full in the event of a termination of Ms.&nbsp;Georgiadis&#146; employment by the Company without cause, by her for good reason, or due to her death or permanent disability. In the event of such termination of employment,
the <FONT STYLE="white-space:nowrap">new-hire</FONT> stock option also will provide for extended exercisability of up to three years following such termination (or up to five years in the event of termination of employment due to death or permanent
disability). </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">In addition, in recognition of the value of equity compensation forfeited by
Ms.&nbsp;Georgiadis&nbsp;in connection with her resignation from her prior employer, the Compensation Committee of the Board (the &#147;Compensation Committee&#148;) approved a make-whole grant of a number of RSUs equal to $14,000,000 divided by the
Average Price, which will vest in equal installments monthly over the <FONT STYLE="white-space:nowrap">one-year</FONT> period following the grant date, subject to continued service. The make-whole RSUs will vest in full in the event of a termination
of Ms.&nbsp;Georgiadis&#146; employment by the Company without cause, by her for good reason, or due to her death or permanent disability. The Offer Letter also provides that Ms.&nbsp;Georgiadis&#146; 2017 long-term incentive grant value will be
$8,250,000, delivered 33.3% in each of the following forms: performance-based RSUs under the Company&#146;s 2017-2019 Long-Term Incentive Program (&#147;LTIP&#148;), time-vesting RSUs and stock options, subject to the Compensation Committee&#146;s
approval. In the event of a termination of Ms.&nbsp;Georgiadis&#146; employment by the Company without cause or by her for good reason (other than in connection with a change in control of the Company), the number of performance-based RSUs earned
under the 2017-2019 LTIP cycle will be determined based on actual achievement of the performance measures for the performance cycle (without pro ration). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">The Offer Letter also provides that Ms.&nbsp;Georgiadis&nbsp;will be eligible for a monthly automobile allowance of $2,000 and&nbsp;financial
counseling services, as well as temporary accommodations, one round-trip airfare per week and expense reimbursement for incidentals through September&nbsp;30, 2017 and certain other relocation benefits in connection with her relocation. The Company
has also agreed to reimburse Ms.&nbsp;Georgiadis&nbsp;for up to $10,000 in legal fees incurred by her in connection with the negotiation of the Offer Letter. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">Ms.&nbsp;Georgiadis&nbsp;will be eligible to participate in the Mattel, Inc. Executive Severance Plan B, as modified by the terms of a
participation letter agreement between her and the Company (the &#147;Severance Plan&#148;). Under the Severance Plan, in the event of a termination of Ms.&nbsp;Georgiadis&#146; employment by the Company without cause, she will be entitled to:
(i)&nbsp;severance (to be paid in equal <FONT STYLE="white-space:nowrap">bi-weekly</FONT> installments) equal to two times the sum of her base salary and target bonus opportunity for the year in which the termination of employment occurs;
(ii)&nbsp;an amount representing an annual incentive payout under the MIP based on actual performance, and prorated based on the number of months that she is employed during the performance period; (iii)&nbsp;payment of a monthly amount equivalent
to the then current COBRA premium for up to one year; (iv)&nbsp;accelerated vesting of all unvested stock options and extended exercise periods of up to three years following the termination date; (v)&nbsp;accelerated
<FONT STYLE="white-space:nowrap">pro-rata</FONT> vesting of unvested time-vesting RSUs, based on the number of months that she is employed during the vesting period; and (vi)&nbsp;outplacement services for up to two years not to exceed $50,000. In
the event of termination of Ms.&nbsp;Georgiadis&#146; employment by the Company without cause or a resignation for good reason, in either case, on or within the <FONT STYLE="white-space:nowrap">two-year</FONT> period following a change of control of
the Company, she will be provided with: (i)&nbsp;a <FONT STYLE="white-space:nowrap">lump-sum</FONT> severance payment equal to two times the sum of her annual base salary and target bonus opportunity for the year in which the termination of
employment occurs; (ii)&nbsp;an amount representing an annual incentive payout under the MIP based on her target annual incentive opportunity for the year in which the termination of employment occurs, and prorated based on the number of months that
she is employed during the performance period; (iii)&nbsp;accelerated vesting of all unvested stock options and extended exercise periods of up to three years following the termination date, and accelerated vesting of all unvested time-vesting RSUs;
(iv)&nbsp;payment of a monthly amount equivalent to the then current COBRA premium for up to two years; and (v)&nbsp;outplacement services for up to two years not to exceed $50,000. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">The payments and benefits under the Severance Plan are conditioned on Ms.&nbsp;Georgiadis&#146;&nbsp;execution of a general release agreement
with the Company and, in certain circumstances, compliance with post-employment covenants to (i)&nbsp;protect the Company&#146;s confidential information; (ii)&nbsp;not accept employment with or provide services to a competitor or solicit the
Company&#146;s employees for one year after the termination date; and (iii)&nbsp;not disparage or otherwise impair the Company&#146;s reputation or goodwill or the commercial interests of the Company or any of the Company&#146;s affiliated entities
or its officers, directors, employees, stockholders, agents or products. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">The foregoing descriptions are qualified in their entirety by reference to the Offer Letter and
Participation Letter Agreement under the Mattel, Inc. Executive Severance Plan B, copies of which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> and incorporated herein by reference.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">In connection with his service as Executive Chairman, on January&nbsp;11, 2017, the following compensation package for Mr.&nbsp;Sinclair
was approved, effective as of February&nbsp;8, 2017: (i) an annual base salary of $1,000,000 (reduced from his base salary as CEO of $1,500,000); (ii) a target annual cash incentive opportunity under the MIP of 100% of base salary (reduced from his
target opportunity as CEO of 150% of base salary); and (iii)&nbsp;a 2017 long-term incentive grant value of $3,000,000 (reduced from his 2016 long-term incentive grant value as CEO of $7,000,000), delivered 33.3% in each of the following forms:
performance-based RSUs under the 2017-2019 LTIP, time-vesting RSUs and stock options, subject to the Compensation Committee&#146;s approval. Mr.&nbsp;Sinclair&#146;s 2017 stock option grant and time-vesting RSUs will vest in full on the date of the
Company&#146;s 2018 annual meeting of stockholders and, provided that he remains Executive Chairman at least until the 2018 annual meeting, the number of performance-based RSUs earned under the 2017-2019 LTIP cycle will be determined based on actual
achievement of the performance measures for the performance cycle (without pro ration). For the remainder of 2017, Mr.&nbsp;Sinclair will continue to be eligible for the other benefits provided to him as CEO, other than his monthly allowance of
$60,000 and the personal use of a private aircraft, which will cease effective as of April&nbsp;1, 2017. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 7 - Regulation FD
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="15%" VALIGN="top" ALIGN="left"><B>Item&nbsp;7.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Regulation FD Disclosure. </B></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">A copy of the Company&#146;s press release announcing the
appointment of Ms.&nbsp;Georgiadis as the Company&#146;s CEO and a member of the Board and the resignation of Mr.&nbsp;Sinclair as the Company&#146;s CEO and his designation as Executive Chairman of the Board is attached hereto as Exhibit 99.1. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:Times New Roman">In accordance with General Instruction B.2 of Form <FONT STYLE="white-space:nowrap">8-K,</FONT> the information in this Item 7.01, including
Exhibit 99.1, shall not be deemed to be &#147;filed&#148; for purposes of Section&nbsp;18 of the Securities and Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to the liability of that section, and shall not be
incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Section 9 - Financial Statements and Exhibits </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="15%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Financial Statements and Exhibits. </B></TD></TR></TABLE> <P STYLE="margin-top:1pt; margin-bottom:0pt; text-indent:5%; font-size:10pt; font-family:Times New Roman">(d)&nbsp;Exhibits: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="80%"></TD></TR>
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<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:66.80pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement between Mattel, Inc. and Margaret H. Georgiadis, dated January&nbsp;11, 2017, regarding an offer of employment for the position of Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Participation Letter Agreement under the Mattel, Inc. Executive Severance Plan B between Mattel, Inc. and Margaret H. Georgiadis, dated January&nbsp;11, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.1**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press release dated January&nbsp;17, 2017</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**&nbsp;Furnished herewith </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Date: January&nbsp;17, 2017</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman"><B>MATTEL, INC.</B></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="2"></TD>
<TD HEIGHT="32" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">&nbsp;/s/ Robert Normile</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&nbsp;Name:&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Robert Normile</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:0pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">&nbsp;Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Executive Vice President,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chief Legal Officer and Secretary</P></TD></TR>
</TABLE>

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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="80%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:66.80pt; font-size:8pt; font-family:Times New Roman"><B>Exhibit&nbsp;Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Letter Agreement between Mattel, Inc. and Margaret H. Georgiadis, dated January&nbsp;11, 2017, regarding an offer of employment for the position of Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">10.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Participation Letter Agreement under the Mattel, Inc. Executive Severance Plan B between Mattel, Inc. and Margaret H. Georgiadis, dated January&nbsp;11, 2017</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.1**</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Press release dated January&nbsp;17, 2017</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">**&nbsp;Furnished herewith </P>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d325057dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="justify">


<IMG SRC="g325057101.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">January&nbsp;11, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Mary
Margaret H. Georgiadis </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">[Address Omitted] </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Dear
Margo, </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">We are pleased to offer you the position of Chief Executive Officer of Mattel, Inc. (the &#147;Company&#148; or &#147;Mattel&#148;),
effective as of February&nbsp;8, 2017 (the &#147;Effective Date&#148;) on the terms set forth in this letter. As Mattel&#146;s Chief Executive Officer, you will report directly to the Chairman of the Board of Directors of the Company (the
&#147;Board&#148;) and the Board and devote your full business time and attention to the business and affairs of the Company except as otherwise approved by the Board or set forth in this letter. Your primary work location will be the Company&#146;s
El Segundo headquarters. You will also be appointed to serve as a member of the Board as of the Effective Date or as soon as practicable on or following the Effective Date. You may continue your existing external public board of director and
charitable or community organization commitments as you have disclosed in writing to the Company prior to the date hereof, and in the event you cease to serve on such existing public external boards, you shall be permitted to serve on one external
public board, subject to the approval of the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>BASE SALARY </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As of the Effective Date, your annualized base salary for service as Chief Executive Officer will be $1,500,000, payable on a biweekly basis less
applicable federal and state taxes and other required withholdings. The Compensation Committee of the Board (the &#147;Compensation Committee&#148;) will review your base salary on a periodic basis, but not less than annually, consistent with the
Company&#146;s compensation review practices. During the course of such review, the Compensation Committee may increase, but not decrease, your base salary as it deems appropriate. You will not be entitled to any additional compensation for your
services as a member of the Board. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>MATTEL INCENTIVE PLAN </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will be eligible to participate in the Mattel Incentive Plan (&#147;MIP&#148;), which is our way of rewarding our employees for achieving
success.&nbsp;The MIP is an annual, cash bonus plan that provides employees the opportunity to earn an award based on Mattel&#146;s financial performance.&nbsp;You are eligible for a target MIP award of 150% of your base salary, up to a maximum of
300%. The amount of your actual award, will be determined by the Compensation Committee and will be based on achievement of <FONT STYLE="white-space:nowrap">pre-established</FONT> performance targets, as established by the Compensation Committee.
For the 2017 performance period, your MIP payout, shall be no less than $1,500,000. Awards are typically paid during the first quarter of the following year and, in any event, by March&nbsp;15 of the following year. </P>
<P STYLE="font-size:3pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>STOCK &#150; EQUITY GRANTS </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><I>Make-Whole Equity Grant </I></B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On the
Effective Date, which will be the grant date, you will receive a number of restricted stock units (&#147;RSUs&#148;), as a make-whole grant, equal to $14,000,000 divided by the average of the closing trading prices of the Company&#146;s common stock
over the twenty (20)&nbsp;consecutive trading days ending on the date immediately prior to the grant date. </P>

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<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">During your employment with the Company, the RSUs will vest in equal installments monthly over the <FONT
STYLE="white-space:nowrap">one-year</FONT> period following the grant date. In the event of a termination of your employment (i)&nbsp;by the Company without Cause, (ii)&nbsp;by you for Good Reason, or (iii)&nbsp;due to your death or permanent
disability, the RSUs, to the extent then outstanding and unvested, will vest in full. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">As the RSUs vest, you will receive shares of Mattel stock, less applicable federal and state taxes and other required
withholdings. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><I>New Hire Equity Grant </I></B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">On the Effective Date, which will be the grant date, you will receive two new hire equity grants as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt"><U>Restricted Stock Units</U>:&nbsp;&nbsp;&nbsp;&nbsp;A grant of a number of RSUs equal to $5,500,000 divided by the
average of the closing trading prices of the Company&#146;s common stock over the twenty (20)&nbsp;consecutive trading days ending on the date immediately prior to the grant date. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">The RSUs will vest 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant date,
subject to your continued service with the Company through the applicable vesting date. In the event of a termination of your employment (i)&nbsp;by the Company without Cause, (ii)&nbsp;by you for Good Reason, or (iii)&nbsp;due to your death or
permanent disability, the RSUs, to the extent then outstanding and unvested, will vest in full. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">As the RSUs vest, you will receive shares of Mattel stock, less applicable federal and state taxes and other required
withholdings. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt"><U>Stock Option</U>: A stock option grant to purchase a number of shares of Mattel stock equal to $5,500,000 divided by
a Black-Scholes value determined by using the average of the closing trading prices of the Company&#146;s common stock over the twenty (20)&nbsp;consecutive trading days ending on the date immediately prior to the grant date. </P></TD></TR></TABLE>
<P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">The stock option grant will vest 50% on the second anniversary of the grant and 50% on the third anniversary of the
grant date, subject to your continued service with the Company through the applicable vesting date. In the event of a termination of your employment (i)&nbsp;by the Company without Cause, (ii)&nbsp;by you for Good Reason, or (iii)&nbsp;due to your
death or permanent disability, the option grant, to the extent then outstanding and unvested, will vest in full and will remain exercisable until the earlier to occur of the third anniversary (or in the event of a termination of your employment due
to your death or permanent disability, the fifth anniversary) of the termination date or the expiration of the term of the option. </P></TD></TR></TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#150;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">The exercise price of the stock options will equal the closing price of Mattel stock on the grant date.
</P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Please note this is a summary of your new hire and make-whole equity grants, and you will be required to accept online the equity
grant agreements that set forth the terms and conditions that govern your equity grants. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><I>Long-Term Incentive Equity Grants </I></B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Company&#146;s current portfolio approach to long-term incentives (&#147;LTI&#148;) is comprised of performance-based RSUs (&#147;Performance
Units&#148;) under our Long-Term Incentive Program (&#147;LTIP&#148;), RSUs and stock options. Your 2017 LTI grant value will be $8,250,000, delivered 33.3% each in Performance Units, RSUs and stock options, subject to requisite Compensation
Committee approvals. In the event of an involuntary termination without Cause or resignation for Good Reason, the number of Performance Units earned under the 2017-2019 LTIP cycle shall be determined based on actual achievement of the performance
measures for the performance cycle, as determined by the Compensation Committee, and settled following the Compensation </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Committee&#146;s certification of the performance measures in the fiscal year following the end of the
performance cycle in accordance with the terms of the LTIP. Thereafter, your LTI values may vary each year as determined by the Compensation Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">To the extent that the vesting and/or exercisability provisions set forth above with respect to the awards described under the heading &#147;STOCK
&#150; EQUITY GRANTS&#148; are inconsistent with the vesting and/or exercisability provisions in the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Incentive Plan under which such awards are granted, the provisions set forth above shall
control with respect to such awards. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>STOCK OWNERSHIP </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will be subject to stock ownership guidelines based on a multiple of base salary. Currently, the guidelines call for a stock ownership requirement
equal to six times your base salary. You must meet this requirement within five years of the Effective Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>PERQUISITES </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will be eligible to receive a monthly automobile allowance in the amount of $2,000&nbsp;for your automobile expenses, including mileage, gasoline,
maintenance and insurance, payable on a biweekly basis, less applicable federal and state taxes and other required withholdings.&nbsp;You will also be eligible to receive financial counseling services from a Mattel selected company or you may elect
to receive reimbursement from Mattel of up to $10,000 per year, less applicable federal and state taxes and other required withholdings, for financial counseling services through a company of your choice. You will also be eligible to receive a
comprehensive physical examination annually. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>DEFERRED COMPENSATION </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will be eligible to participate in the Mattel, Inc. Deferred Compensation&nbsp;&amp; PIP Excess Plan. Under this plan, you may elect to defer a
portion of your salary or annual MIP bonus, with various investment and payment options available. Additional information regarding this plan will be provided to you separately. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>BENEFITS AND EMPLOYEE PROGRAMS </B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Company
offers a comprehensive benefits package and an extensive array of valuable programs and services designed to help our employees create a healthy lifestyle, build a financial future and enhance work/life balance. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><I>Health and Welfare </I></B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The following is a
brief outline of the health and welfare benefits in which you and your qualified dependents, if applicable, will be eligible to participate in as of the Effective Date, with the exception of short&nbsp;&amp; long-term disability insurance, which are
available upon the successful completion of your first 90 days of employment. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
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<TD WIDTH="71%"></TD></TR>


<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;Medical</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Life Insurance</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;Dental</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Accidental Death&nbsp;&amp; Dismemberment</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;Vision</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Business Travel Coverage</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;Prescription</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Short&nbsp;&amp; Long-Term Disability</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will receive information about your health and welfare benefits separately. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><I>Retirement/401(k) </I></B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Mattel provides eligible employees
the opportunity to participate in a 401(k) retirement program that provides a variety of investment options. You will be automatically enrolled in the Mattel, Inc. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">
Personal Investment Plan (&#147;PIP&#148;), which is a 401(k) savings/retirement plan, if you are age 20 or older. The PIP currently offers both Mattel automatic and matching contributions as
follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Mattel Automatic Contributions: Mattel will make automatic contributions to your account ranging from 3% to 7% of your
salary, based on your age. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Employee Contributions: The PlP allows for voluntary employee contributions up to 80% of your eligible compensation,
subject to IRS limitations. You will be initially enrolled at 2% of your eligible compensation on a <FONT STYLE="white-space:nowrap">pre-tax</FONT> basis, which will be matched 50% by Mattel. This contribution will begin automatically within about
45 days of your hire date. You will have the opportunity to <FONT STYLE="white-space:nowrap">opt-out</FONT> of the 2% <FONT STYLE="white-space:nowrap">pre-tax</FONT> contribution before the first deduction from your paycheck and may make changes
anytime. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:SYMBOL; " COLOR="#000000">&#183;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Mattel Matching Provision: Mattel will match your contributions 50% up to the first 6% of your eligible compensation. If
you elect an employee contribution of at least 6%, you will receive the maximum Mattel matching contribution. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will receive
more details regarding your contribution and investment options. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>RELOCATION ASSISTANCE </B></P>
<P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Company will provide services to assist you with your move to southern California. For the transition period beginning immediately following the
Effective Date and no later than September&nbsp;30, 2017, you will be provided temporary accommodations, one round-trip airfare per week, and expense reimbursement for incidentals consistent with the Company&#146;s travel and expense rules. For a <FONT
STYLE="white-space:nowrap">two-year</FONT> period following the Effective Date, you will be eligible for relocation assistance, including full relocation of your household goods and necessary storage. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">With respect to relocation services, if within one year of your relocation date, you choose to voluntarily terminate your employment with the Company,
or you are discharged for &#147;Cause&#148; as defined below, you agree to reimburse the Company within 30 days of your termination date for any relocation expenses incurred by the Company on your behalf. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>SEVERANCE </B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">You will be a participant in the
Mattel, Inc. Executive Severance Plan B (the &#147;Severance Plan&#148;) as modified by the terms of your participation letter agreement (the &#147;Participation Letter Agreement&#148;) in the form attached hereto as Appendix I and subject to the
terms and conditions thereof. The modifications set forth in the attached Participation Letter Agreement shall control over any inconsistent provisions in the Severance Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>DEFINITIONS </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">&#147;Cause&#148; shall mean
(i)&nbsp;your willful neglect of significant duties you are required to perform or your willful violation of a material Company policy; (ii)&nbsp;the commission by you of a material act of dishonesty, fraud, misrepresentation or other act of moral
turpitude; (iii)&nbsp;your willful act or omission in the course of your employment which constitutes gross negligence; or (iv)&nbsp;your willful failure to obey a lawful direction of the Board; provided that, in each of (i)&nbsp;through (iv) above,
unless the described activity cannot be cured, corrected or ceased, you have received written notice of the described activity, have been afforded a reasonable opportunity to cure or correct the activity described in the notice, and have failed to
substantially cure, correct or cease the activity, as appropriate. However, to the extent you act in good faith with the reasonable belief that your conduct was in the best interest of the Company, such conduct shall not constitute Cause. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">&#147;Good Reason&#148; shall mean your good faith determination that any one or more of the following have
occurred without your express written consent, provided that (i)&nbsp;you provide the Company with written notice of the Good Reason event within ninety (90)&nbsp;days of the initial existence of such event and (ii)&nbsp;such event is not remedied
by the Company within thirty (30)&nbsp;days following the delivery of written notice of such Good Reason event: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman; font-size:10pt">(a)</FONT><FONT STYLE="font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;&nbsp;&nbsp;any material diminution in your duties, authority or responsibilities as Chief Executive Officer; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:10pt">(b)</FONT><FONT STYLE="font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;&nbsp;
&nbsp;the Company&#146;s material reduction of your base salary or target bonus opportunity, as in effect on the Effective Date or as the same may be increased from time to time; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:10pt">(c)</FONT><FONT STYLE="font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;&nbsp;
&nbsp;any other action or inaction that constitutes a breach by the Company of the Participation Letter Agreement or Section 12(a) of the Severance Plan; or </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:10pt">(d)</FONT><FONT STYLE="font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;&nbsp;
&nbsp;any failure by the Company to obtain the assumption and agreement to perform the Severance Plan by a successor as contemplated by Section&nbsp;13 of the Severance Plan, except where such assumption and agreement occurs by operation of law; or
</FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman; font-size:10pt">(e)</FONT><FONT STYLE="font-family:ARIAL; font-size:11pt">&nbsp;&nbsp;&nbsp;
&nbsp;any relocation of your principal office by more than 50 miles from its current location in El Segundo, California. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>LEGAL FEES
</B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Company will reimburse you for up to $10,000 in legal fees actually incurred by you in connection with the review and negotiation of this
letter on or prior to the Effective Date. The Company will reimburse such legal fees in 2017 as soon as practicable following your delivery to the Company of documentation reasonably satisfactory to the Company evidencing such fees. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>GOVERNING LAW </B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Except to the extent governed
by Federal law, this letter shall be governed by and construed in accordance with the laws of the State of California, excluding laws relating to conflicts or choice of law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>GENERAL INFORMATION </B></P> <P STYLE="margin-top:3pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">This letter is only a
summary of your compensation, benefit and employee program offerings.&nbsp;More&nbsp;details and plan provisions are provided in our summary plan descriptions, plan documents or program summaries, which govern and are subject to periodic
modification and revision in the Company&#146;s discretion (subject to the terms and conditions thereof). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">To the extent that any payments or
reimbursements provided to you under this letter are deemed to constitute compensation to which Treasury Regulation Section <FONT STYLE="white-space:nowrap">1.409A-3(i)(1)(iv)</FONT> would apply, such payments or reimbursements shall be made or
provided in accordance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended from time to time, including, where applicable, the requirement that (i)&nbsp;any reimbursement is for expenses incurred during your
lifetime (or during a shorter period of time specified in this letter), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the expenses eligible for reimbursement in any other calendar year, (iii)&nbsp;the
reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred, and (iv)&nbsp;the right to reimbursement is not subject to liquidation or exchange for another
benefit. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">This letter supersedes any prior communications you may have had with Company employees and/or representatives, and reflects the entire
understanding between you and the Company, regarding the terms of employment being offered to you. No Company employee and/or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">
representative has the authority to make any promise related to this offer that is not contained in this letter and, by signing below, you affirm that you have not signed this letter in reliance
on any such promise. By signing below, you confirm that your negotiation, acceptance and/or performance of the terms of this offer does not violate any contract or arrangement you may have with any third party.&nbsp;If the Company (in its sole
discretion) determines that your confirmation may be inaccurate for any reason, it can be a basis for terminating your employment with Cause.&nbsp;By signing below, you agree to indemnify the Company and the Mattel family of companies against any
claims that may be brought against such companies relating to any allegation that you violated any contract or arrangement between you and such third party. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The terms of this letter do not constitute a contract of employment for a definite term, and do not obligate the Company to employ you, or you to work
for the Company, for any particular period of time. Your employment with the Company will be &#147;at will,&#148; and both you and the Company have the right to terminate your employment at any time, for any or no reason, with or without prior
notice or Cause. The <FONT STYLE="white-space:nowrap">at-will</FONT> relationship cannot be changed by any person, statement, act, series of events, or pattern of conduct, but only by express, individual written employment agreement signed by a duly
authorized member of the Compensation Committee or the Chief Human Resources Officer of Mattel. For purposes of clarity, your participation in any stock option, incentive, or benefit program will not be construed as (i)&nbsp;any assurance of
continuing employment for any particular period of time, or (ii)&nbsp;a restriction on the Company&#146;s right to terminate your employment with or without prior notice or Cause. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Also, please note that as an executive of the Company, and an officer, you will be considered an Insider for purposes of Mattel&#146;s Insider Trading
Policy and are subject to window period restrictions. This means that you are restricted to conducting transactions in Mattel stock ONLY during open window periods. Examples of such transactions include sales of shares underlying a stock option
(including sales of shares to generate cash to pay the exercise price) and changes in elections in the Mattel stock fund of Mattel&#146;s 401(k) plan. A copy of the Insider Trading Policy and other related information will be provided to you
separately. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In addition, as a condition of your employment, you will need to sign an Employee Confidentiality and Inventions Agreement (in which
you will be asked to disclose all prior inventions, if any, that you own), certify that you will, at all times, comply with Mattel&#146;s Code of Conduct, and complete a conflict of interest questionnaire. If you would like to review any of these
forms before you make your decision to accept our offer, we will be able to provide them. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Margo, we are sincerely pleased to provide you with this
offer and very much look forward to you joining the Mattel leadership team. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Please review the terms contained herein and sign below to indicate
your understanding and concurrence. Also, note that I have enclosed two copies of this letter so that you can return a signed copy to me and retain one for your records. This letter may be executed in one or more counterparts, including
electronically transmitted counterparts, each of which will be deemed an original and all of which together will be considered one and the same instrument. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">If I can answer any questions, please do not hesitate to call me. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Sincerely,</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">/s/ Christopher A. Sinclair</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Christopher A. Sinclair</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Chairman Board of Directors</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Mattel,
Inc.</P></TD></TR>
</TABLE> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"><I>Agreed and Accepted:</I></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32"></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">/s/ Margaret H. Georgiadis&nbsp;&nbsp;&nbsp;&nbsp;1/11/17</P>
<P STYLE="margin-top:0pt;margin-bottom:1pt;border-bottom:1px solid #000000" align="left">&nbsp;</P></TD></TR>
<TR STYLE="font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="right">Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
</TABLE></DIV>
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<TYPE>EX-10.2
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<FILENAME>d325057dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>MATTEL, INC. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>EXECUTIVE SEVERANCE PLAN B
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>Participation Letter Agreement for Mary Margaret H. Georgiadis </B></P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Employee Name:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Mary Margaret H. Georgiadis</P></TD></TR>
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</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Mattel, Inc. Executive Severance Plan B </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Dear Margo: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">This participation letter agreement
(&#147;<B><U>Letter Agreement</U></B>&#148;) relates to the Mattel, Inc. Executive Severance Plan B (the &#147;<B><U>Plan</U></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Through this Letter Agreement, you are being offered the opportunity to become a participant in the Plan (a
&#147;<B><U>Participant</U></B>&#148;), and thereby to be eligible to receive the severance benefits set forth therein, as modified below (the &#147;<B><U>Modifications</U></B>&#148;). The terms not defined in this Letter Agreement but beginning
with a capital letter shall have the meaning assigned to them in the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;In the event that you become
entitled to a Severance Payment or CIC Severance Payment under the Plan, the amount of your Severance Payment or your CIC Severance Payment, as applicable, shall be equal to two (2.0) times the sum of your (x)&nbsp;annual base salary at the rate in
effect at the time the Notice of Termination is given and (y)&nbsp;target annual bonus opportunity under the Mattel Incentive Plan or any successor plan (the &#147;<B><U>MIP</U></B>&#148;) for the year in which the Date of Termination occurs, and
shall in paid in the form and at the times specified in the Plan (except that the reference to the <FONT STYLE="white-space:nowrap">12-month</FONT> period in Section 3(b)(iii)(I) and the reference to <FONT STYLE="white-space:nowrap">18-month</FONT>
period in Section 3(c)(ii) shall be to a <FONT STYLE="white-space:nowrap">24-month</FONT> period). Section 3(b)(iii)(II) of the Plan shall not apply to you and in no event will you be entitled to any Income Continuation Payments under Section
3(b)(iii)(II) of the Plan or this Letter Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Letter Agreement and your
participation in the Plan, &#147;<B><U>Covered Termination</U></B>&#148; shall mean that, at any time after the Participant&#146;s Eligibility Date, the Participant&#146;s employment with the Company is (i)&nbsp;involuntarily terminated by the
Company without Cause, or (ii)&nbsp;terminated by the Participant for Good Reason (as defined below) within twenty-four (24)&nbsp;months following a Change of Control. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;For purposes of Section 3(c)(vi)(I) of the Plan, in the event of a Covered Termination within twenty-four
(24)&nbsp;months following a Change in Control, you will be eligible for the Additional Benefits until the earlier of (x)&nbsp;twenty-four (24)&nbsp;months after the Date of Termination or (y)&nbsp;the date you accept New Employment. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp; For purposes of this Letter Agreement and your participation in the Plan, &#147;<B><U>Good
Reason</U></B>&#148; shall mean the good faith determination by the Participant that any one or more of the following have occurred without the express written consent of the Participant, provided that (i)&nbsp;the Participant provides Mattel with
written notice of the Good Reason event in accordance with Section&nbsp;15 of the Plan within ninety (90)&nbsp;days of the initial existence of such event and (ii)&nbsp;such event is not remedied by Mattel within thirty (30)&nbsp;days following the
delivery of written notice of such Good Reason event: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman">(a)</FONT><FONT
STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;any material diminution in any of the Participant&#146;s duties, authority or responsibilities as Chief Executive Officer; </FONT></P>

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<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman">(b)</FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;the Company&#146;s material
reduction of the Participant&#146;s base salary and target bonus opportunity, as in effect on the Eligibility Date or as the same may be increased from time to time; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman">(c)</FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;any other action or inaction that
constitutes a breach by Mattel of this Letter Agreement or Section 12(a) of the Plan ; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:Times New Roman">(d)</FONT><FONT STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;any failure by Mattel to obtain the assumption and agreement to perform this Plan by a successor as contemplated by Section&nbsp;13 of the Plan, except
where such assumption and agreement occurs by operation of law; or </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:Times New Roman">(e)</FONT><FONT
STYLE="font-family:ARIAL">&nbsp;&nbsp;&nbsp;any relocation of Participant&#146;s principal office by more than 50 miles from its current location in El Segundo, California. The Participant may provide a Notice of Termination for a Good Reason event
only if Mattel does not timely and reasonably remedy such event within the prescribed thirty (30)&nbsp;days. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">5.&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Letter Agreement and your participation in the Plan, &#147;<B><U>Notice of
Termination</U></B>&#148; shall mean a written notice delivered in accordance with Section&nbsp;15 of the Plan which (i)&nbsp;if applicable, indicates the specific clause of the definition of Cause or Good Reason relied upon; (ii)&nbsp;if
applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of a Participant&#146;s employment for Cause or Good Reason under the provision so indicated; and (iii)&nbsp;specifies the Date of
Termination. If Mattel does not timely and reasonably remedy the Good Reason event specified by the Participant in the notice to Mattel pursuant to the Good Reason definition above, then the Participant may resign for Good Reason by delivering a
Notice of Termination within sixty (60)&nbsp;days following the end of Mattel&#146;s thirty (30)&nbsp;day cure period set forth the Good Reason definition. If the Participant does not cure, correct or cease the activity described in the written
notice to the Participant pursuant to Section 2(b) of the Plan, then Mattel may terminate the Participant&#146;s employment for Cause by delivering a Notice of Termination to the Participant following the end of an appropriate cure period. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">6.&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Letter Agreement and your participation in the Plan, the phrase &#147;or the Chief
Executive Officer&#148; shall be deleted from clause (iv)&nbsp;of the definition of &#147;<B><U>Cause</U></B>&#148; in Section 2(b) of the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">7.&nbsp;&nbsp;&nbsp;&nbsp;For purposes of this Letter Agreement and your participation in the Plan, the defined term
&#147;<B><U>Severance Benefit</U></B>&#148; shall capture the foregoing Modifications. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">8.&nbsp;&nbsp;&nbsp;&nbsp;Notices to the
Company under Section&nbsp;15 of the Plan shall be sent to the attention of the Board of Directors of Mattel. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">A copy of the Plan is
attached to this Letter Agreement. You should read it carefully and become familiar with its terms and conditions, and those set forth below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">By signing below, you will be acknowledging and agreeing to the Modifications set forth above and the following additional provisions:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">that you have received and reviewed a copy of the Plan; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">ii.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">that participation in the Plan requires that you agree irrevocably and voluntarily to the terms of the Plan (including,
without limitation, the covenants set forth in Section&nbsp;7 of the Plan) and the terms set forth below; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">iii.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">that you have had the opportunity to carefully evaluate this opportunity, and desire to participate in the Plan
according to the terms and conditions set forth herein. </P></TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:6%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Subject to the foregoing, we invite you to become a Participant in the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:6%; font-size:10pt; font-family:ARIAL" ALIGN="justify">NOW, THEREFORE, you and Mattel (hereinafter referred to as &#147;the parties&#148;) hereby AGREE as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;The day you start employment with Mattel shall be your &#147;<B><U>Eligibility Date</U></B>&#148; for purposes
of the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;As a condition of receiving the Severance Benefit (other than the Accrued Amounts and Other
Benefits), you must (a)&nbsp;execute and accept the terms and conditions of, and the effectiveness of, a General Release of All Claims (the &#147;<B><U>Release</U></B>&#148;) in substantially the form attached hereto as Exhibit A (which form may be
modified by Mattel to the extent Mattel determines in good faith that any such modification is necessary to make it valid and encompassing under applicable law) and such Release must become irrevocable within fifty-five (55)&nbsp;days following your
Date of Termination, (b)&nbsp;comply with the covenants set forth in Section&nbsp;7 of the Plan and (c)&nbsp;promptly resign from any position as an officer, director or fiduciary of any Mattel-related entity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;In consideration of becoming eligible to receive the Severance Benefits provided under the terms and
conditions of the Plan, you agree to waive any and all rights, benefits, and privileges to severance benefits that you might otherwise be entitled to receive under any other plan or arrangement of the Company except as otherwise provided in the
Offer Letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp;You understand that the waiver set forth in Section&nbsp;3 above is irrevocable for so long
as this Letter Agreement is in effect, and that this Letter Agreement, the Offer Letter, and the Plan set forth the entire agreement between the parties with respect to any subject matter covered herein. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">5.&nbsp;&nbsp;&nbsp;&nbsp;This Letter Agreement shall terminate, and your status as a Participant in the Plan shall end, on the first to
occur of &#150; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL">(a) your termination of employment for a reason other than a &#147;Covered Termination&#148; as defined in Section 2(e) of the Plan
and modified by this Letter Agreement, and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">(b) the first anniversary of your Eligibility Date; provided that commencing on the
first day of the first month following the month in which your Eligibility Date occurs and on the first day of each month thereafter (the most recent of such dates is hereinafter referred to as the &#147;<B><U>Renewal Date</U></B>&#148;), your
participation in the Plan shall be automatically extended so as to terminate one year from such Renewal Date, unless at least 90 days prior to any Renewal Date (including prior to your Eligibility Date) Mattel shall give notice to you that your
participation in the Plan shall not be so extended beyond the first anniversary of such Renewal Date. Accordingly, you shall retain your status as a Participant for at least 15 months following any notice from Mattel that your participation in the
Plan is not being extended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">6.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, if a Change of Control
occurs while you are a Participant in the Plan, in no event will your status as a Participant in the Plan end prior to the end of the twenty-four (24)&nbsp;month period beginning on a Change of Control regardless of when any written notification is
given to you terminating your participation in the Plan (including any written notification given prior to such Change of Control) in accordance with Section 5(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">7.&nbsp;&nbsp;&nbsp;&nbsp;Your participation in the Plan shall continue in effect following any Covered Termination that occurs while
you are a Participant in the Plan with respect to all rights and obligations accruing as a result of such termination. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">8.&nbsp;&nbsp;&nbsp;&nbsp;You recognize and agree that your execution of this Letter
Agreement results in your enrollment and participation in the Plan, that you agree to be bound by the terms and conditions of the Plan and this Letter Agreement, and that you understand that this Letter Agreement may not be amended or modified
except pursuant to Section&nbsp;12 of the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">9.&nbsp;&nbsp;&nbsp;&nbsp;This Letter Agreement may be executed in one or more
counterparts, including electronically transmitted counterparts, each of which shall be deemed an original and all of which together shall be considered one and the same instrument. </P>
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<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Dated: January&nbsp;11, 2017</P></TD>
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<TD VALIGN="bottom" COLSPAN="3"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Mattel, Inc.</P></TD></TR>
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<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">By</P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;/s/ Christopher A. Sinclair</P></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;ACCEPTED AND AGREED TO this 11<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of January, 2017.
</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&nbsp;&nbsp;/s/ Margaret H. Georgiadis</P></TD>
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<TD VALIGN="top"> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">&nbsp;&nbsp;Margaret H.
Georgiadis</P></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center">EXHIBIT A TO PARTICIPATION LETTER AGREEMENT </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>GENERAL RELEASE </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"><B>OF ALL CLAIMS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;For valuable consideration, the receipt and adequacy of which are hereby acknowledged, the undersigned (the
&#147;<B><U>Participant</U></B>&#148;) does hereby on behalf of the Participant and the Participant&#146;s successors, assigns, heirs and any and all other persons claiming through the Participant, if any, and each of them, forever relieve, release,
and discharge Mattel, Inc. (&#147;<B><U>Mattel</U></B>&#148;) and its respective predecessors, successors, assigns, owners, attorneys, representatives, affiliates, Mattel corporations, subsidiaries (whether or not wholly-owned), divisions, partners
and their officers, directors, agents, employees, servants, executors, administrators, accountants, investigators, insurers, and any and all other related individuals and entities, if any, and each of them (collectively, the &#147;<B><U>Released
Parties</U></B>&#148;), in any and all capacities from any and all claims, debts, liabilities, demands, obligations, liens, promises, acts, agreements, costs and expenses (including, but not limited to attorneys&#146; fees), damages, actions and
causes of action, of whatever kind or nature, including, without limiting the generality of the foregoing, any claims arising out of, based upon, or relating to the hire, employment, remuneration (including salary; bonus; incentive or other
compensation; vacation, sick leave or medical insurance benefits; or other benefits) or termination of the Participant&#146;s employment with Mattel. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">2.&nbsp;&nbsp;&nbsp;&nbsp;This release (&#147;<B><U>Release</U></B>&#148;) includes a release of any rights or claims the Participant
may have under the Age Discrimination in Employment Act, which prohibits age discrimination in employment as to individuals forty years of age and older; the Older Workers Benefit Protection Act, which prohibits discrimination against older workers
in all executive benefits; Title VII of the Civil Rights Act of 1964, as amended in 1991, which prohibits discrimination in employment based on race, color, national origin, religion or sex; the California Fair Employment and Housing Act, which
prohibits discrimination based on race, color, religion, national origin, ancestry, physical or mental disability, medical condition, sex, pregnancy-related condition, marital status, age or sexual orientation; the Equal Pay Act, which prohibits
paying men and women unequal pay for equal work; the American with Disabilities Act, which prohibits discrimination against qualified individuals with disabilities; or any other federal, state or local laws or regulations which prohibit employment
discrimination, restrict an employer&#146;s right to terminate the Participant, or otherwise regulate employment. This Release also includes a release by the Participant of any claims for breach of contract, wrongful discharge and all claims for
alleged physical or personal injury, emotional distress relating to or arising out of the Participant&#146;s employment with Mattel or the termination of that employment; any claims under the WARN Act or any similar law, which requires, among other
things, that advance notice be given of certain work force reductions; and all claims under the Employee Retirement Income Security Act of 1974, such as claims relating to pension or health plan benefits. Notwithstanding anything else herein to the
contrary, this Release shall not affect claims that relate to: (i)&nbsp;Participant&#146;s right to enforce the terms of the Mattel, Inc. Executive Severance Plan B; (ii)&nbsp;any rights the Participant may have to indemnification from personal
liability in accordance with the applicable charter, bylaws or other governing documents of Mattel, to the extent such documents are not inconsistent with Section&nbsp;2802 of the California Labor Code; (iii)&nbsp;the Participant&#146;s right, if
any, to <FONT STYLE="white-space:nowrap">government-provided</FONT> unemployment benefits; (iv)&nbsp;the Participant&#146;s vested rights under any of the Company&#146;s retirement plans or equity plans; (vi)&nbsp;any rights the Participant may have
to COBRA benefits; or (vii)&nbsp;any rights or claims that the law does not permit the Participant to release. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">3.&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of this Release, this Release does not apply to any rights or claims which
arise after the execution of this Release. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">4.&nbsp;&nbsp;&nbsp;&nbsp;This Release covers both claims that the Participant knows
about and those the Participant may not know about. The Participant expressly waives all rights afforded by any statute (such as Section&nbsp;1542 of the Civil Code of the State of California) which limits the effect of a release with respect to
unknown claims. The Participant understands the significance of the Participant&#146;s release of unknown claims and the Participant&#146;s waiver of statutory protection against a release of unknown claims (such as under Section&nbsp;1542).
Section&nbsp;1542 of the Civil Code of the State of California states as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">&#147;A general release does not extend to claims
which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.&#148; </P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">Notwithstanding the provisions of Section&nbsp;1542, the Participant expressly acknowledges
that this Release is intended to include both claims that the Participant knows about and those the Participant does not know or suspect to exist. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">5.&nbsp;&nbsp;&nbsp;&nbsp;The Participant hereby represents and warrants that he or she has not filed, initiated, or prosecuted (or
caused to be filed, initiated, or prosecuted) any lawsuit with respect to any claim this Release purports to waive, and the Participant covenants never to do so in the future, whether as a named plaintiff, class member, or otherwise. The Participant
understands that this Release does not (a)&nbsp;require him/her to withdraw, or prohibit him/her from participating in an investigation, filing a charge or otherwise communicating with any federal, state or local government office, official or
agency, including, but not limited to, the Equal Employment Opportunity Commission, Department of Labor, National Labor Relations Board or the Securities and Exchange Commission, (b)&nbsp;in any way interfere with his/her right and responsibility to
give truthful testimony under oath, or (c)&nbsp;limit or affect his/her rights to challenge the validity of this Release under the ADEA or Older Workers Benefit Protection Act, as long as the Participant does not personally seek reinstatement,
damages, remedies, or other relief as to any claim that the Participant released by signing this Release, as the Participant has waived any right the Participant might have had to any of those things. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:10pt; font-family:ARIAL" ALIGN="justify">If the Participant is ever awarded or recovers any amount as to a claim the Participant purported to waive in this Release, the
Participant agrees that the amount of the award or recovery shall be reduced by the amounts he or she was paid under this Plan. , increased appropriately for the time value of money, using an interest rate of 10% per annumThe Participant covenants
never directly or indirectly to bring or participate in an action against any Released Party under California Business&nbsp;&amp; Professions Code Section&nbsp;17200 or under any other unfair competition law of any jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">6.&nbsp;&nbsp;&nbsp;&nbsp;The provisions of this Release are severable, and if any part of it is found to be unenforceable, the other
paragraphs shall remain fully valid and enforceable. This Release shall be construed in accordance with its fair meaning and in accordance with the laws of the State of California, without regard to conflicts of laws principles thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:3%; font-size:10pt; font-family:ARIAL" ALIGN="justify">7.&nbsp;&nbsp;&nbsp;&nbsp;The Participant is strongly encouraged to consult with an attorney before signing this Release. The
Participant acknowledges that the Participant has been advised of this right to consult an attorney and the Participant understands that whether to do so is the Participant&#146;s decision. The Participant acknowledges that Mattel has advised the
Participant that the Participant has <FONT STYLE="white-space:nowrap">twenty-one</FONT> (21)&nbsp;days in which to consider whether the Participant should sign this Release and has advised the Participant that if the Participant signs this Release,
the Participant has seven (7)&nbsp;days following the date on which the Participant signs the Release to revoke it and that the Release will not be effective until after this <FONT STYLE="white-space:nowrap">seven-day</FONT> period had lapsed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">PLEASE READ THIS AGREEMENT CAREFULLY. IT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. </P>
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<TD VALIGN="bottom"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">&nbsp;&nbsp;Mattel, Inc.</P></TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>MATTEL NAMES MARGARET H. GEORGIADIS AS CHIEF EXECUTIVE OFFICER, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>EFFECTIVE FEBRUARY&nbsp;8, 2017 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><I>Christopher
A. Sinclair to Serve as Executive Chairman; </I></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><I>Richard Dickson to Continue as President and Chief Operating Officer </I></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:2.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:2.00pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify"><B>EL SEGUNDO, Calif. January</B><B></B><B>&nbsp;17, 2017 &#150; </B>Mattel, Inc. (NASDAQ: MAT) today announced that Margaret (&#147;Margo&#148;)
H.&nbsp;Georgiadis has been named as Chief Executive Officer, effective February&nbsp;8, 2017. Ms.&nbsp;Georgiadis, who will also join Mattel&#146;s Board of Directors, was most recently President, Americas at Google Inc. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">She will succeed Christopher A. Sinclair as CEO. Mr.&nbsp;Sinclair, who has led the company as Chairman and CEO since early 2015, joined Mattel&#146;s
Board in 1996 and has served previously as Independent Lead Director and Chair of the executive and audit committees. Going forward, he will serve as Executive Chairman of the Board. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Said Mr.&nbsp;Sinclair, &#147;Over the last two years, with the help of all of our colleagues around the world, we have dramatically transformed Mattel
&#150; reenergizing our creative culture, restoring excitement to our iconic brand portfolio and delivering on our vision to make Mattel the recognized leader in play, learning and development worldwide. I could not be more proud of the organization
and what it has accomplished, or more excited about the Company&#146;s future with Margo Georgiadis as our CEO. Margo is a proven and extraordinarily talented executive with a deep understanding of how to build and scale brands on a global basis and
expertise in effectively engaging consumers and retail partners in a rapidly evolving digital world. She has successfully led efforts to deliver above market growth and profitability by creating transformational partnerships across content, media
and technology providers and through innovation in product development and customer engagement.&#148; Sinclair continued, &#147;As Executive Chairman, I will work with Margo, Richard Dickson and the rest of the executive team on the smoothest
possible transition.&#148; </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">&#147;Mattel has seen a tremendous turnaround under Chris&#146;s leadership and the company is well-positioned for the
future. On behalf of the Board, I want to thank Chris, his management team and all Mattel employees for their efforts,&#148; said Michael J. Dolan, Mattel&#146;s Independent Lead Director. &#147;We are delighted that Margo has agreed to lead the
team as CEO. Her leadership experience at Google and elsewhere, coupled with her proven ability to foster innovation and build partnerships on a global scale, makes her ideally suited to accelerate Mattel&#146;s growth in the coming years.&#148;
</P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Said Ms.&nbsp;Georgiadis, &#147;Inspiring children through play and creativity is crucial to early development and no company has done more in that
space over many generations than Mattel. As a parent, I have seen this first hand and am honored to be joining the Company at this exciting time of renewed focus. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">I look forward to working with the incredibly talented people at Mattel as we build on recent momentum, leverage the unique creativity and passion that
exists within Mattel to inspire future generations of children, and deliver on our promises to shareholders.&#148; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="right">1 </P>


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 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Margo Georgiadis </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">As President, Americas at Google from 2011-2017, Ms.&nbsp;Georgiadis led the company&#146;s commercial operations and advertising sales in the US,
Canada, and Latin America. Her prior roles at Google include leading Global Sales Operations and expanding local and commerce businesses. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Ms.&nbsp;Georgiadis has served as Chief Operating Officer of Groupon, Inc., and Executive Vice President of Card Products and Chief Marketing Officer of
Discover Financial Services. At Discover, she led the company through a turnaround, revitalizing business performance with award-winning new products, customer experience and marketing. Prior to Discover, Ms.&nbsp;Georgiadis was a partner at
McKinsey&nbsp;&amp; Company for 15 years in London and Chicago. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Ms.&nbsp;Georgiadis currently serves on the Boards of Directors of McDonald&#146;s
Corporation and Amyris, Inc. She also serves on the boards of <FONT STYLE="white-space:nowrap">non-profit</FONT> entities including The Economic Club of Chicago and the Ad Council, where she is Board Chair. Previously she served on the Board of The
Jones Group Inc. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Ms.&nbsp;Georgiadis has a bachelor&#146;s degree in economics from Harvard College and an MBA from Harvard Business School. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>About Mattel </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Mattel is a creations company that inspires the
wonder of childhood. Our mission is to be the recognized leader in play, learning and development worldwide. Mattel&#146;s portfolio of global consumer brands includes American Girl&reg;, Barbie&reg;, Fisher-Price&reg;, Hot Wheels&reg;, Monster
High&reg; and Thomas&nbsp;&amp; Friends&reg;, among many others. Mattel also creates a wealth of lines and products made in collaboration with leading entertainment and technology companies. With a global workforce of approximately 31,000 people,
Mattel operates in 40 countries and territories and sells products in more than 150 nations. Visit us online at <FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.mattel.com</U></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="center"># # # </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><U>Contacts:</U></P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top"><B>News Media</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B>Securities Analysts</B></TD>
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<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Alex Clark</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Martin Gilkes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
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<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">310-252-6397</FONT></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">310-252-2703</FONT></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">alex.clark@mattel.com</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">martin.gilkes@mattel.com</P></TD>
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<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt"><I><FONT STYLE="white-space:nowrap">MAT-FIN</FONT> <FONT STYLE="white-space:nowrap">MAT-CORP</FONT></I></P></TD>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="right">2 </P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
