-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NgoDBAtseZ1zT57374B7favJYtep8k2t0gc0iVqmLsQ5NqXUJtceELStZxGjjvX8 MFppEwY0oBNyhA6ZLLJaLw== 0000063276-99-000002.txt : 19990308 0000063276-99-000002.hdr.sgml : 19990308 ACCESSION NUMBER: 0000063276-99-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19990305 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990305 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: SEC FILE NUMBER: 001-05647 FILM NUMBER: 99557472 BUSINESS ADDRESS: STREET 1: 333 CONTINENTAL BLVD CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3102522000 8-K 1 ORGANIZATIONAL CHANGES PRESS RELEASES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report: March 5, 1999 MATTEL, INC. ------------ (Exact name of registrant as specified in its charter) Delaware 001-05647 95-1567322 - ------------------------------------------------------------------------------ (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File No.) Identification No.) 333 Continental Boulevard, El Segundo, California 90245-5012 - ------------------------------------------------------------------------------ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (310) 252-2000 ---------------------------- N/A - ------------------------------------------------------------------------------ (Former name or former address, if changed since last report) Item 5. Other Events - ------- ------------ Mattel, Inc. hereby incorporates by reference herein its press releases dated March 3, 1999 regarding the departure of its chief operating officer, Bruce Stein, and a reorganization of its management structure, copies of which are included as Exhibits 99.0 and 99.1 attached hereto. Item 7. Financial Statements and Exhibits - ------- --------------------------------- (a) Financial statements of businesses acquired: None (b) Pro forma financial information: None (c) Exhibits: 99.0 Press release dated March 3, 1999 99.1 Press release dated March 3, 1999 SIGNATURES ---------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MATTEL, INC. Registrant By: /s/ Lee B. Essner ------------------------- Lee B. Essner Assistant General Counsel and Assistant Secretary Date: March 5, 1999 ------------------- EX-99.0 2 PRESS RELEASE DATED 3/3/99 RE BRUCE STEIN EXHIBIT 99.0 FOR IMMEDIATE RELEASE CONTACT: March 3, 1999 Glenn Bozarth Mattel, Inc. 310-252-3521 CHIEF OPERATING OFFICER BRUCE STEIN TO LEAVE MATTEL --------------------------------------------------- LOS ANGELES, March 3 - Mattel, Inc. today announced that Bruce L. Stein, president of Mattel Worldwide and chief operating officer, will leave the company. "Bruce is one of the best strategists in our industry," Jill E. Barad, Mattel's chairman and chief executive officer, said. "As a one- time competitor, most recently a colleague and now an alumnus of Mattel, he has our best wishes." Stein, 44, a veteran brand builder and leading marketing strategist, most recently managed all of Mattel's product lines. He joined Mattel in August 1996 after previously working for the company in the 1980s. Prior to his most recent experience at Mattel, Stein was chief executive officer of Sony Interactive Entertainment and president of the Kenner Products Division of Hasbro. A former advertising executive who had supervised the Mattel account at Ogilvy and Mather, he originally joined Mattel as vice president of marketing in 1985. -more- 2-2-2-2-2 "At this point in my career, I felt I needed a new challenge," Stein said. "Mattel has an outstanding management team, and is in a great strategic position today. And I am proud of all of my accomplishments at Mattel, particularly in forging long-term marketing relationships and as a creative manager of intellectual property. I am looking forward to putting my expertise in these areas to even fuller use." Mattel, Inc. is a worldwide leader in the design, manufacture and marketing of children's products. With headquarters in El Segundo, California, Mattel has offices and facilities in 36 countries and sells its products in more than 150 nations throughout the world. Note: Forward-looking statements included in this release with respect to the financial condition, results of operations and business of the company, which include, but are not limited to sales levels, the Mattel and Tyco restructuring charge, special charges, other non-recurring charges, cost savings and profitability, are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. These include without limitation: the company's dependence on the timely development, introduction and customer acceptance of new products; significant changes in buying patterns of major customers; possible weaknesses of international markets; the impact of competition on revenues and margins; the company's ability to successfully integrate the operations of The Learning Company following its merger into the company; the effect of currency fluctuations on reportable income; unanticipated negative results of litigation, governmental proceedings or environmental matters; and other risks and uncertainties as may be detailed from time to time in the company's public announcements and SEC filings. -###- EX-99.1 3 PRESS RELEASE DATED 3/3/99 RE MGMT REORGANIZATION EXHIBIT 99.1 FOR IMMEDIATE RELEASE CONTACT: March 3, 1999 Glenn Bozarth Mattel, Inc. 310-252-3521 MATTEL ANNOUNCES MANAGEMENT REORGANIZATION -------------------- STEIN AND BAUGHMAN TO LEAVE LOS ANGELES, March 3 - Mattel, Inc. today announced that it has reorganized its management structure, and that Bruce Stein, president-Mattel Worldwide and chief operating officer, and Gary Baughman, president of Fisher-Price, will leave the company. "We are in the process of transforming Mattel from a traditional toy company with four core brands to a children's products company with category leadership and expertise in new mediums, platforms and channels of distribution," Jill Barad, Mattel's chairman and chief executive officer, said. "As we implement this change, it has become clear that our management structure will also need to change, and we have been working with outside consultants to determine what the optimum structure should be. "Today we are announcing changes to Mattel's management organization that will result in fewer levels of management. The new organizational structure we have developed will provide for faster decision making, and encourage action that is entrepreneurial and responsive to change," Barad said. "The departure of Bruce and Gary is most painful for me, as I have great respect for both of these men," Barad said. "We wish them the best, and thank them for their enormous contributions to our company." -more- 2-2-2-2-2 Stein, who rejoined Mattel in 1996 after having started his toy industry career there, said, "I am proud of all my accomplishments at Mattel, and the company is in a great strategic position today, but I felt I needed a new challenge. I want to take full advantage of new investment and management opportunities in the convergence of consumer products and intellectual-property marketing." Baughman joined Mattel as part of the company's 1997 merger with Tyco Toys. "I considered retirement at the time of the merger, but am happy that I could serve a role in the successful integration of the two companies," Baughman said. "I plan to work with my successor during a transition period, and then to leave Fisher-Price in very capable hands." As part of the reorganization, five Mattel executives have been named to the position of president for individual business units, and all will now report directly to Jill Barad. The five units and their leaders are as follows: o Matt Bousquette has been promoted to president of the Boys/ Entertainment business unit, which will include Wheels and other Boys Toys as well as Mattel's Disney and Nickelodeon entertainment businesses. o The Girls/Barbie unit will be headed by Andrienne Fontanella, who has been promoted to president. She joined Mattel in 1996 with extensive cosmetics industry experience, and has been responsible for Barbie licensing and collectibles. o Neil Friedman, president of Tyco Preschool, has been promoted to president of Fisher-Price brands, which will now encompass all Infant and Preschool products, including Disney, Sesame Street, Power Wheels, Magna Doodle, View-Master, See 'N Say, and Blue's Clues. o David Haddad has been promoted to president of Mattel Media, and will also assume responsibility for the company's "Intel Play" branded technology toys. -more- 3-3-3-3-3 o Pleasant Rowland will remain vice chairman of Mattel, and president of Pleasant Company, and will help with direct-to- consumer efforts for all Mattel brands. "I'm absolutely certain that this new structure is best for the future of our company," Barad said. "The new organization will help us to maximize the potential of all of the parts and people of Mattel. And I have utmost confidence in the ability of this team to deliver incredible results," she said. Mattel, Inc. is a worldwide leader in the design, manufacture and marketing of children's products. With headquarters in El Segundo, California, Mattel has offices and facilities in 36 countries and sells its products in more than 150 nations throughout the world. Note: Forward-looking statements included in this release with respect to the financial condition, results of operations and business of the company, which include, but are not limited to sales levels, the Mattel and Tyco restructuring charge, special charges, other non-recurring charges, cost savings and profitability, are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. These include without limitation: the company's dependence on the timely development, introduction and customer acceptance of new products; significant changes in buying patterns of major customers; possible weaknesses of international markets; the impact of competition on revenues and margins; the company's ability to successfully integrate the operations of The Learning Company following its merger into the company; the effect of currency fluctuations on reportable income; unanticipated negative results of litigation, governmental proceedings or environmental matters; and other risks and uncertainties as may be detailed from time to time in the company's public announcements and SEC filings. -###- -----END PRIVACY-ENHANCED MESSAGE-----