<SEC-DOCUMENT>0001144204-19-024885.txt : 20190509
<SEC-HEADER>0001144204-19-024885.hdr.sgml : 20190509
<ACCEPTANCE-DATETIME>20190509161358
ACCESSION NUMBER:		0001144204-19-024885
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190509
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190509
DATE AS OF CHANGE:		20190509

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:		19810687

	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>tv521198_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT</B><BR>
<B>Pursuant to Section&nbsp;13 OR 15(d) of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>The Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of Report (Date of earliest event reported):
May 9, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>JAKKS PACIFIC, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt"><B>0-28104</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt"><B>95-4527222</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction</FONT><BR>
<FONT STYLE="font-size: 10pt">of incorporation)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">File Number)</P></TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer</FONT><BR>
<FONT STYLE="font-size: 10pt">Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 66%; padding-bottom: 1pt; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>2951 28<SUP>th</SUP>
    Street, Santa Monica, California</B></FONT></TD>
    <TD STYLE="width: 2%; padding-bottom: 1pt; text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 32%; padding-bottom: 1pt; text-align: center; vertical-align: bottom"><FONT STYLE="font-size: 10pt"><B>90405</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: top"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center; vertical-align: top"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B>(424) 268-9444</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; width: 0.25in"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant is an emerging
growth company as defined in as defined in Rule&nbsp;405 of the Securities Act of 1933 (&sect; 230.405 of this chapter) or Rule&nbsp;12b-2
of the Securities Exchange Act of 1934 (&sect; 240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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&nbsp;13(a)&nbsp;of the Exchange Act.&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section&nbsp;12(b) of the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; padding: 3pt; text-align: center; width: 37%; border-top: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Title of each class</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 3pt; text-align: center; width: 26%; border-top: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Trading Symbol</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding: 3pt; text-align: center; width: 37%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Name of each exchange on which registered</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 3pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Common Stock, $.001 par value</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 3pt; text-align: center; border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>JAKK</B></FONT></TD>
    <TD STYLE="vertical-align: top; padding: 3pt; text-align: center; border: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>NASDAQ Global Select Market</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 7.01</B></TD><TD STYLE="text-align: justify"><B>Regulation FD Disclosure.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">As previously announced in the Current Report
on Form 8-K dated February 26, 2019, JAKKS Pacific, Inc. (together with its subsidiaries, the &ldquo;Company&rdquo;) received an
expression of interest from Hong Kong Meisheng Cultural Company Limited (&ldquo;Meisheng&rdquo;), which expression of interest
was subsequently reiterated by Meisheng, regarding a purchase by Meisheng of sufficient newly issued shares of the Company&rsquo;s
common stock such that Meisheng would own 51% of the Company&rsquo;s outstanding shares, subject to certain conditions, including
optimization of the post-transaction capital structure, the successful resolution of change in control provisions of key licensing
agreements, and change in control and extension of maturities of the Company&rsquo;s convertible senior notes and other indebtedness
(the &ldquo;Meisheng Proposal&rdquo;). The Special Committee of the Company&rsquo;s Board of Directors (the &ldquo;Special Committee&rdquo;)
authorized its advisors, including Bank of America Merrill Lynch (&ldquo;BAML&rdquo;), to engage in discussions and negotiations
with Meisheng concerning its proposal, and with Oasis Investments II Master Fund Ltd. (&ldquo;Oasis&rdquo;) and an ad hoc group
of holders (the &ldquo;Ad Hoc Group&rdquo;) of the 4.875% convertible senior notes due 2020 (the &ldquo;Notes&rdquo;) issued by
the Company concerning, among other things, the Meisheng Proposal and extension of maturities of the Company&rsquo;s convertible
senior notes. Those discussions were summarized in the Current Report on Form 8-K dated February 26, 2019, and the Company is currently
awaiting the receipt by Meisheng of certain approvals to advance the aforementioned transactions, including approvals from Chinese
regulatory bodies. As a result, no executed and binding agreements related to these transactions (including any commitment letter,
term sheet, or similar agreement) have been reached with Meisheng, any member of the Ad Hoc Group, any other holders of the Notes
or Oasis. No assurance can be given that the ongoing discussions will result in consummation of a transaction with Meisheng, the
holders of the Notes or Oasis, or that even if a transaction is consummated that its final terms will resemble the terms described
in the Current Report on Form 8-K dated February 26, 2019.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">In addition to the evaluation and negotiation
of the Meisheng Proposal, the Special Committee authorized its advisors to consider other potential strategic alternatives to the
Meisheng Proposal, including the active solicitation of alternative transactions. In that regard, the Special Committee retained
Jefferies LLC (&ldquo;Jefferies&rdquo;), as of April 8, 2019, and authorized Jefferies to supplement the work conducted by BAML
last year, and the Company&rsquo;s legal advisors have engaged in subsequent negotiations with members of the Ad Hoc Group, Oasis,
GACP Finance Co., LLC (&ldquo;GACP&rdquo;) and Wells Fargo Bank, National Association (&ldquo;Wells Fargo&rdquo;) as well as other
third parties regarding a variety of potential transactions. Specifically, through its advisors, the Company has solicited proposals
from Wells Fargo, GACP and other third parties for amendments, extensions or refinancings of the Credit Agreement, Revolving Loan
Note, Guaranty and Security Agreement and other ancillary documents and agreements with Wells Fargo (the &ldquo;Credit Line&rdquo;)
and the Term Loan Agreement, Term Note, Guaranty and Security Agreement and other ancillary documents and agreements with GACP
(the &ldquo;Term Loan), respectively. In addition, the Company&rsquo;s advisors have discussed with the Ad Hoc Group and Oasis
the amendment and extension of the Company&rsquo;s convertible senior notes due 2020 (the &ldquo;2020 Notes&rdquo;). Of the entirety
of the Notes currently outstanding in the aggregate amount of $113,000,000, the Ad Hoc Group currently holds approximately $92,383,000
of the Notes, and Oasis currently holds $10,250,000 of the Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">As of the date hereof, the Company has reached
an agreement in principle with the Ad Hoc Group and Oasis with respect to an alternative transaction, in lieu of the Meisheng Proposal,
that contemplates the extension or refinancing of the Credit Line, the retirement or refinancing of the Term Loan, and the provision
of incremental liquidity to the Company. In addition, the alternative transaction contemplates an investment by holders of the
Notes to exchange into a new secured debt instrument, plus the issuance of significant preferred and common equity to holders of
the Notes who participate in the exchange, including the Ad Hoc Group. The foregoing is only a summary of the latest discussions
and is not intended to be a complete description of all of the terms and conditions thereof, including the potential significant
dilution that could occur as a result of the issuance of new equity contemplated by the alternative transaction. Discussions are
ongoing, and while the Company and the Ad Hoc Group are continuing to negotiate definitive documents, no executed and binding agreements
(including any commitment letter, term sheet, or similar agreement) have been reached with Wells Fargo, GACP, any member of the
Ad Hoc Group, any other holder of the Notes, or Oasis. No assurance can be given that the ongoing discussions will result in a
consummation of a transaction with Wells Fargo, GACP, the Ad Hoc Group, any other holder of the Notes or Oasis, or that even if
a transaction is consummated that its final terms will resemble the terms described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">In connection with the ongoing negotiations,
the Company entered into a series of confidentiality agreements (the &ldquo;Confidentiality Agreements&rdquo;) with members of
the Ad Hoc Group and other third parties. Under the Confidentiality Agreements, on and after April 30, 2019, the Company engaged
the members of the Ad Hoc Group, or the Ad Hoc Group&rsquo;s advisors, in discussions as described above, and such members were
provided with certain non-public information concerning the Company and its operations by the Ad Hoc Group&rsquo;s financial advisors.
In addition, the Company agreed to make public a document (this &ldquo;Disclosure Statement&rdquo;) containing the non-public information
shared with members of the Ad Hoc Group. This Current Report on Form 8-K constitutes a Disclosure Statement that satisfies the
Company&rsquo;s disclosure obligations under the Confidentiality Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">Nothing in this Current Report on Form 8-K
shall constitute an offer to sell or a solicitation of an offer to buy, or an invitation to tender or exchange, any securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">On April 30, 2019, the Ad Hoc Group&rsquo;s
financial advisors provided members of the Ad Hoc Group with a presentation that incorporated unaudited financial information provided
by the Company, which has been included in the Form 8-K containing the 2019 first quarter earnings release or the 2019 first quarter
Form 10-Q. To the extent financial information was provided to the Ad Hoc Group&rsquo;s financial advisors and not included in
one of the aforementioned documents, such financial information has been summarized and attached hereto as Exhibit 99.1 to this
Current Report on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">Attached as Exhibit 99.1 to this Current
Report on Form 8-K is a summary of the non-public information incorporated into the presentation provided to the Ad Hoc Group.
Such unaudited financial information included in the Exhibit attached hereto, shall not be deemed &ldquo;filed&rdquo; for purposes
of Section 18 of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;), nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933 (the &ldquo;Securities Act&rdquo;), except as shall be expressly set forth by specific
reference in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">This Current Report on Form 8-K includes
&ldquo;forward-looking statements&rdquo; within the meaning of Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act. These forward-looking statements are based on current expectations, estimates and projections about the Company&rsquo;s
business based partly on assumptions made by its management. For example, statements included in this report (including the exhibit)
regarding the terms under discussion with Meisheng, the Ad Hoc Group and Oasis or the outcome of such discussions, projected net
sales, projected adjusted EBITDA and projected capital expenditures are all forward-looking statements. When the Company uses words
like &ldquo;intend,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;estimate,&rdquo; &ldquo;plan,&rdquo; &ldquo;expect&rdquo;,
&ldquo;would&rdquo; or words of similar import, the Company is making forward-looking statements. These statements are not guarantees
of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expressed or forecasted in such statements due to numerous factors, including, but
not limited to, those described above, changes in demand for the Company&rsquo;s&rsquo; products, product mix, the timing of customer
orders and deliveries, and the impact of competitive products and pricing. More information about potential factors that could
affect the Company and the expectations described in the forward-looking statements are included in the Company&rsquo;s filings
with the Securities and Exchange Commission. The Company believes that the assumptions and expectations reflected in such forward-looking
statements are reasonable and are based on information available to the Company on the date hereof, but the Company cannot assure
you that these assumptions and expectations will prove to have been correct or that the Company will take any action that it may
presently be planning. The Company is not undertaking to publicly update or revise any forward-looking statement if it obtains
new information or upon the occurrence of future events or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.45in"></TD><TD STYLE="width: 0.3in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits</TD>
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<TD STYLE="width: 0.45in"></TD><TD STYLE="width: 0.3in; text-align: left"><A HREF="tv521198_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD><TD STYLE="text-align: justify"><A HREF="tv521198_ex99-1.htm" STYLE="-sec-extract: exhibit">Cleansing Materials</A></TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURE</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.</P>

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    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">JAKKS PACIFIC, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%"><FONT STYLE="font-size: 10pt">By:</FONT>&nbsp;&nbsp;</TD>
    <TD STYLE="width: 23%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">/S/&nbsp;Brent Novak</FONT></TD>
    <TD STYLE="width: 25%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD COLSPAN="2"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt">Brent Novak, CFO</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">Date:&nbsp;&nbsp;May
9, 2019</P>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tv521198_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: right"><U>Exhibit 99.1</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>Cleansing Materials</U></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: justify">The Company provided to the Ad Hoc Group certain projected
Income Statement and capital expenditure information for the years ending December 31, 2019 and 2020. Note that these financial
projections are based on current expectations, estimates and assumptions. These financial projections are not guarantees of future
performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual results may differ
materially from these financial projections. Projected Net Sales, Adjusted EBITDA and Capital Exenditures are presented in the
table below for the applicable period ($ in millions).</TD>
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    <TD STYLE="border-top: rgb(218,220,221) 1pt solid; border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,221) 1pt solid; padding: 3pt"><I>&nbsp;</I></TD>
    <TD COLSPAN="2" STYLE="border: Black 1pt solid; padding: 3pt; text-align: center"><FONT STYLE="font-size: 10pt">Year Ending December 31,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 70%; border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,221) 1pt solid; padding: 3pt"><I>&nbsp;</I></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 3pt; border-right: Black 1pt solid; background-color: #D9D9D9; text-align: center"><FONT STYLE="font-size: 10pt">2019</FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding: 3pt; border-right: Black 1pt solid; background-color: #D9D9D9; text-align: center"><FONT STYLE="font-size: 10pt">2020</FONT></TD></TR>
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    <TD STYLE="border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,221) 1pt solid; padding: 3pt"><FONT STYLE="font-size: 10pt">Projected Net Sales</FONT></TD>
    <TD STYLE="border-right: rgb(218,220,221) 1pt solid; border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,222) 1pt solid; padding: 3pt; text-align: right"><FONT STYLE="font-size: 10pt">597.0</FONT></TD>
    <TD STYLE="border-right: #DADCDD 1pt solid; border-bottom: #DADCDD 1pt solid; padding: 3pt; text-align: right"><FONT STYLE="font-size: 10pt">642.0</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,221) 1pt solid; padding: 3pt"><FONT STYLE="font-size: 10pt">Projected Adjusted EBITDA</FONT></TD>
    <TD STYLE="border-right: rgb(218,220,221) 1pt solid; border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,222) 1pt solid; padding: 3pt; text-align: right"><FONT STYLE="font-size: 10pt">22.2</FONT></TD>
    <TD STYLE="border-right: #DADCDD 1pt solid; border-bottom: #DADCDD 1pt solid; padding: 3pt; text-align: right"><FONT STYLE="font-size: 10pt">45.9</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,221) 1pt solid; padding: 3pt"><FONT STYLE="font-size: 10pt">Projected Capital Expenditures</FONT></TD>
    <TD STYLE="border-right: rgb(218,220,221) 1pt solid; border-bottom: rgb(218,220,221) 1pt solid; border-left: rgb(218,220,222) 1pt solid; padding: 3pt; text-align: right"><FONT STYLE="font-size: 10pt">11.9</FONT></TD>
    <TD STYLE="border-right: #DADCDD 1pt solid; border-bottom: #DADCDD 1pt solid; padding: 3pt; text-align: right"><FONT STYLE="font-size: 10pt">12.8</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt; margin-left: 0.25in">Adjusted EBITDA excludes (and
may exclude in future years, if applicable,) stock-based compensation, restructuring and acquisition related costs, unusual bad
debt expenses and recoveries, and certain minimum guarantee shortfall and inventory write-down charges.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt; text-indent: -0.25in">&nbsp;</P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">2.</TD><TD STYLE="text-align: justify">For the 2019 second and third quarters, the Company provided
to the Ad Hoc Group the percentage of the Company&rsquo;s forecasted gross sales amounts for which sales orders had been received
and were expected to ship as of April 24, 2019. These percentages were approximately 70% and 38% for the 2019 second and third
quarter, respectively. The percentages of gross sales booked to total gross sales forecasted for the 2019 second and third quarters
are relatively consistent with the percentages of gross sales booked as of, or around, April 24, 2018 compared to actual total
gross sales recorded in the applicable period in 2018.</TD>
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