Funko (FNKO) has issued an update.
Cynthia Williams has been appointed as the new CEO of a company, taking the reins on May 20, 2024. She brings a wealth of experience from her previous roles at Hasbro, Inc. and Microsoft Corporation. Alongside her CEO role, she will also serve as a Class II director. Her compensation includes a $1 million base salary, substantial performance bonuses, equity awards, and severance benefits, all detailed in her Employment Agreement. The company has also introduced a 2024 Inducement Award Plan, offering stock options and restricted stock units as incentives, primarily to new or returning employees.
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