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Posted 05 August, 2021

Funko, Inc. appointed Mr. Perlmutter as new CEO

Nasdaq:FNKO appointed new Chief Executive Officer Mr. Perlmutter in a 8-K filed on 05 August, 2021.


  The Company also expects that Mr. Mariotti will remain on the Board and that Mr. Perlmutter will be elected to the Board in connection with his appointment as Chief Executive Officer.  

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Overview of Funko, Inc.
Consumer Goods • Toys & Games
Funko, Inc. engages in designing, sourcing, and distributing licensed pop culture products. Its product lines include media and entertainment content, which refer to movies, TV shows, video games, music, and sports. It operates through the United States, Europe, and Other International geographic segments. The company was founded in 1998 and is headquartered in Everett, WA.
Market Cap
$344M
View Company Details
Funko, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 5, 2021, Funko, Inc. (the "Company") announced an executive leadership transition plan (the "Transition Plan"), which is expected to become effective on January 3, 2022 (the "Effective Date"). Under the Transition Plan, Andrew Perlmutter is expected to be appointed as the Company's Chief Executive Officer and Brian Mariotti, the Company's current Chief Executive Officer, is expected to transition to the role of Chief Creative Officer. In addition, Mr. Perlmutter is not expected to continue to serve as the Company's President as of the Effective Date. The Company also expects that Mr. Mariotti will remain on the Board and that Mr. Perlmutter will be elected to the Board in connection with his appointment as Chief Executive Officer.

Andrew Perlmutter, 44, has served as the President of Funko, Inc. and FAH, LLC since October 2017. Mr. Perlmutter was the Senior Vice President of Sales of FAH, LLC from June 2013 until October 2017. Prior to joining FAH, LLC, he was a co-founder of Bottle Rocket Collective, a board and travel games company, where he oversaw product manufacturing and sales from December 2012 until December 2013. Prior to his time at Bottle Rocket Collective, he was a National Account Manager at The Wilko Group from August 2001 until December 2012, where he managed sales to a variety of major mass-market, specialty and online retailers. Mr. Perlmutter received a B.A. in Interpersonal Communications from Southern Illinois University.

The Company expects to enter into new compensation arrangements with Mr. Perlmutter and Mr. Mariotti in connection with the Transition Plan, the material terms of which will be disclosed in an amended Current Report on Form 8-K in accordance with Instruction 2 to Item 5.02 of Form 8-K.