8-K 1 tm2031167d1_8k.htm FORM 8-K




Washington, D.C. 20549




Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): September 11, 2020



(Exact name of registrant as specified in its charter)


Delaware   0-28104   95-4527222
(State or other jurisdiction
of incorporation)


File Number)

  (IRS Employer
Identification No.)


2951 28 th Street, Santa Monica, California             90405
     (Address of principal executive offices)           (Zip Code)


Registrant’s telephone number, including area code: (424) 268-9444


Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, $.001 par value   JAKK   NASDAQ Global Select Market


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:


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).


Emerging growth company ¨


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 13(a) of the Exchange Act. ¨






Item 3.01.Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.


On September 11, 2020, JAKKS Pacific, Inc. (the “Company”) received written notice from the Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the Company is required to maintain a minimum Market Value of Publicly Held Shares (“MVPHS”) of $15,000,000 and for the last 30 consecutive business days the Company no longer met this requirement (the “September 11 Letter”). The Company has until March 10, 2021 (the “Compliance Period”) to cure this deficiency and/or meet any of Nasdaq’s other alternative continuing qualification criteria. If at any time during the Compliance Period the Company’s MVPHS closes at $15,000,000 or more for a minimum of ten consecutive business days, Nasdaq will provide the Company with written confirmation of compliance and this matter will be closed.


The issuance of the September 11 Letter has no immediate effect on the listing or trading of the Company’s common shares, which will continue to trade on Nasdaq under the symbol “JAKK” during the Compliance Period.







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.


  By: /S/ John L. Kimble
    John L. Kimble, CFO


Date:  September 17, 2020