Business Wire·Oct 21, 2026, 4:40 PM ET

Mattel Enters into Cooperation Agreement with EdgePoint Investment Group Inc.

Mattel announced a cooperation agreement with EdgePoint Investment Group, which holds approximately 18% of the company's stock.
Lee Matheson, a Partner at EdgePoint, was appointed to Mattel's Board of Directors in conjunction with the agreement.
The cooperation agreement includes customary voting, standstill, confidentiality, & other provisions & will be filed with the SEC on Form 8-K.
Matheson brings extensive experience in investment management, capital markets, & board service, including a role as a CFA charterholder.
Prior to EdgePoint, Matheson co-founded Broadview Capital Management & currently serves on the board of Tucows Inc., where he chairs the Governance Committee.
Mattel CEO Roger Lynch & Governance Committee Chair Professor Noreena Hertz stated Matheson's background will complement the board's capabilities to enhance shareholder value.
The release includes standard forward-looking statements regarding risks such as supply chain disruptions, economic conditions, inflation, & regulatory changes.