Mattel Board Reshuffle and $1B Share Buyback Plan

Mattel (MAT) has released an update to notify the public and investors about a regulation fd disclosure.

Mattel has announced significant changes to its board with the election and appointment of new members Mr. Genachowski and Ms. Ostroff, alongside the departure of Mr. Bradley and Ms. Lewnes. Moreover, the company is taking a bold step in shareholder value by authorizing a $1.0 billion share repurchase program, showcasing confidence in the company’s financial stability and future prospects.

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For a comprehensive understanding of the announcement, you can read the full document here.