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Mattel Comments on Letter from Southeastern Asset Management

  • Mattel issued a statement regarding a letter received from Southeastern Asset Management, Inc. addressed to its Board of Directors.
  • The Company values shareholder engagement & appreciates Southeastern's continued interaction, including conversations held this year.
  • Mattel's Board & management team remain committed to acting in the best interests of all shareholders.
  • The Board regularly reviews strategy, performance, & opportunities to enhance long-term value & will consider views expressed in Southeastern's letter.
  • Mattel is focused on executing its strategy to grow its IP-driven play & family entertainment business to create long-term shareholder value.
  • Mattel operates as a leading global play & family entertainment company with iconic brands including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, & Monster High®.
  • The Company's offerings include toys, content, consumer products, digital & live experiences sold via leading retail & ecommerce partners.
  • The press release contains forward-looking statements subject to risks & uncertainties that may cause actual results to differ materially from expectations.
  • Mattel disclaims any obligation to update forward-looking statements except as required by law.
  • Contact information was provided for Securities Analyst Jenn Kettnich & News Media representative Catherine Frymark.