<SEC-DOCUMENT>0001157523-18-000619.txt : 20180326
<SEC-HEADER>0001157523-18-000619.hdr.sgml : 20180326
<ACCEPTANCE-DATETIME>20180326060042
ACCESSION NUMBER:		0001157523-18-000619
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180326
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180326
DATE AS OF CHANGE:		20180326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JAKKS PACIFIC INC
		CENTRAL INDEX KEY:			0001009829
		STANDARD INDUSTRIAL CLASSIFICATION:	GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944]
		IRS NUMBER:				954527222
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35448
		FILM NUMBER:		18711526

	BUSINESS ADDRESS:	
		STREET 1:		2951 28TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90405
		BUSINESS PHONE:		424-268-9444

	MAIL ADDRESS:	
		STREET 1:		2951 28TH STREET
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90405
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51778620.htm
<DESCRIPTION>JAKKS PACIFIC, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>UNITED
      STATES</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Washington,
      D.C. 20549</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 16pt"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 OR 15(d) of</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>The
      Securities Exchange Act of 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of earliest event reported): &#160;</font><font style="font-family: Times New Roman; font-size: 10pt"><b>March
      26, 2018</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt"><b>JAKKS PACIFIC, INC.</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">(Exact name
      of registrant as specified in its charter)</font>
    </p>
    <div style="text-align:center">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman; margin-left:auto;margin-right:auto" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; white-space: nowrap; text-align: center; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>0-28104</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; white-space: nowrap; text-align: center; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>95-4527222</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 34%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 67%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2951 28<sup>th</sup> Street, Santa Monica, California</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; white-space: nowrap; text-align: center; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>90405</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 67%; text-align: center" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="bottom">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      Registrant&#8217;s telephone number, including area code:&#160;&#160;<b>(424)
      268-9444</b>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(see General Instruction A.2. below)<font style="font-family: Times New Roman; font-size: 10pt">:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt">Emerging growth company </font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">If an
      emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.</font> <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <hr style="color: #000000; width: 100%; height: 1.0 pt; text-align: center">
    <hr style="color: #000000; width: 100%; height: 3.0 pt; text-align: center">


    <p>

    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item 8.01. Other Events</b>.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      As previously disclosed, on January 25, 2018 the Company received a
      letter (the &#8220;Letter&#8221;) from Hong Kong Meisheng Cultural Company Limited,
      a wholly owned subsidiary of Meisheng Cultural and Creative Corp., Ltd.
      (&#8220;Meisheng&#8221;), expressing Meisheng&#8217;s interest in acquiring additional
      shares of the Company&#8217;s common stock for $2.95 per share for the purpose
      of increasing its shareholding and voting rights to 51.0% (the
      &#8220;Expression of Interest&#8221;). Meisheng currently owns approximately 18% of
      the Company&#8217;s issued and outstanding common stock. A copy of the Letter
      was filed as an exhibit to the Company&#8217;s Current Report on Form 8-K
      filed on January 26, 2018.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      On March 26, 2018, the Company issued a press release announcing an
      update on the review and evaluation of the Expression of Interest by the
      special committee of independent directors (the &#8220;Special Committee&#8221;).
      The Company announced that the Special Committee has engaged and is
      actively working with Bank of America Merrill Lynch, its outside
      financial advisor, and Skadden, Arps, Slate, Meagher &amp; Flom, LLP, its
      outside legal advisor.&#160;&#160;The Special Committee consists of Rex H.
      Poulsen, Michael S. Sitrick and Michael J. Gross.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      In addition to its review and evaluation of the Expression of Interest,
      the Special Committee has been authorized to negotiate with Meishing on
      behalf of the Company,&#160;&#160;consider other potential strategic alternatives,
      and solicit and consider alternative transactions.&#160;&#160;A copy of the press
      release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      No assurances can be given that an agreement will result from the
      Expression of Interest on terms satisfactory to the Special Committee or
      the Board of Directors, or that any other transaction will be approved.
    </p>
    <p>
      <b>Item 9.01. Financial Statements and Exhibits.</b>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (d)
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 2%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 93%" valign="top">
          Exhibits
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 3%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 10%; text-align: center" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Exhibit</b></u>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 87%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; width: 10%; text-align: center" valign="top">

        </td>
        <td style="padding-left: 0.0px; width: 87%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; width: 10%; white-space: nowrap; text-align: center; padding-right: 0.0px" valign="top">
          99.1
        </td>
        <td style="padding-left: 0.0px; width: 87%; text-align: left" valign="top">
          Press Release dated March 26, 2018
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 59%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            JAKKS&#160;PACIFIC, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 59%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 6%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 59%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            March 26, 2018
          </p>
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 6%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 59%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 3%; text-align: left" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; width: 32%; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ STEPHEN G. BERMAN
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 59%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="padding-left: 0.0px; width: 32%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Stephen G. Berman, CEO
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <b>Exhibit Index</b>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 6%">
          &#160;
        </td>
        <td style="padding-left: 0.0px; width: 85%; text-align: left" valign="top">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 9%; white-space: nowrap; text-align: center; padding-right: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51778620ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 6%">

        </td>
        <td style="padding-left: 0.0px; width: 85%; text-align: left" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51778620ex99_1.htm">Press Release dated March 26, 2018</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51778620ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>JAKKS
      Pacific Announces Update on Special Committee Process</b></font>
    </p>
    <p>
      SANTA MONICA, Calif.--(BUSINESS WIRE)--March 26, 2018--JAKKS Pacific,
      Inc. (NASDAQ: JAKK) announced today that the special committee of the
      Board of Directors (the &#8220;Special Committee&#8221;) established to review and
      evaluate the non-binding proposal (&#8220;Expression of Interest&#8221;) dated
      January 25, 2018 from Hong Kong Meisheng Cultural Company Limited (&#8220;Hong
      Kong Meisheng&#8221;), a wholly owned subsidiary of Meisheng Cultural and
      Creative Corp. (collectively, &#8220;Meisheng&#8221;), has engaged and is actively
      working with Bank of America Merrill Lynch, its outside financial
      advisor, and Skadden, Arps, Slate, Meagher &amp; Flom, LLP, its outside
      legal advisor. The Special Committee consists of Rex H. Poulsen, Michael
      S. Sitrick and Michael J. Gross.
    </p>
    <p>
      As previously announced by the Company on January 28, 2018, the
      Expression of Interest sets forth Meisheng&#8217;s interest in acquiring
      additional shares of JAKKS common stock for $2.95 per share. Upon
      completion of the proposed transaction, Meisheng&#8217;s shareholdings and
      voting rights would increase to 51%. Hong Kong Meisheng currently owns
      5,239,538 shares of JAKKS common stock constituting approximately 18% of
      JAKKS issued and outstanding shares of common stock.
    </p>
    <p>
      In addition to its review and evaluation of the Expression of Interest,
      the Special Committee has been authorized to negotiate with Meisheng on
      behalf of the Company, consider other potential strategic alternatives,
      and solicit and consider alternative transactions.
    </p>
    <p>
      <u><b>About JAKKS Pacific, Inc.</b></u>
    </p>
    <p>
      JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer
      and marketer of toys and consumer products sold throughout the world,
      with its headquarters in Santa Monica, California. JAKKS Pacific&#8217;s
      popular proprietary brands include BIG-FIGS&#8482;, XPV&#174;, Max Tow&#8482;, Disguise&#174;,
      Moose Mountain&#174;, Funnoodle&#174;, Maui&#174;, Kids Only!&#174;; a wide range of
      entertainment-inspired products featuring premier licensed properties;
      and C&#8217;est Moi&#8482;, a youth skincare and make-up brand. Through JAKKS Cares,
      the company&#8217;s commitment to philanthropy, JAKKS is helping to make a
      positive impact on the lives of children. Visit us at <u>www.jakks.com</u>&#160;and
      follow us on Instagram (@<u>jakkstoys</u>), Twitter (@<u>jakkstoys</u>)
      and Facebook (<u>JAKKS Pacific</u>).
    </p>
    <p>
      &#169;2018 JAKKS Pacific, Inc. All rights reserved
    </p>
    <p>
      <u><b>Forward Looking Statements</b></u>
    </p>
    <p>
      This press release may contain &#8220;forward-looking statements&#8221; (within the
      meaning of the Private Securities Litigation Reform Act of 1995) that
      are based on current expectations and beliefs about JAKKS Pacific's
      business based partly on assumptions made by its management. These
      statements are not guarantees of future performance and involve risks,
      uncertainties and assumptions that are difficult to predict. Therefore,
      actual outcomes and results may differ materially from historical
      results or current expectations due to numerous factors, including, but
      not limited to, risks related to the Company&#8217;s review and evaluation of
      the expression of interest made by Hong Kong Meisheng Cultural Company
      Limited, the Special Committee&#8217;s consideration of other potential
      strategic alternatives or the potential solicitation of alternative
      transactions, and the effect that the announcement of such activities
      may have on the Company&#8217;s relationships with its customers, suppliers,
      partners, operating results and business generally. Our SEC reports,
      including our Form 10-K for the fiscal year ended December 31, 2017,
      contain other factors that could affect our financial results and cause
      actual results to differ materially from any forward-looking information
      we may provide. The &#8220;forward-looking statements&#8221; contained herein speak
      only as of the date on which they are made, and JAKKS undertakes no
      obligation to update any of them to reflect events or circumstances
      after the date of this release.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br><b>JAKKS Pacific</b><br>Rachel Griffin, 424-268-9553<br>RGriffin@jakks.net<br>or<br><b>Lioios</b><br>Sean
      McGowan, 949-574-3860<br>JAKK@liolios.com
    </p>
    <p>

    </p>
  </body>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
