10:41 AM EDT, 03/28/2025 (MT Newswires) -- Jakks Pacific ( JAKK ) said Friday that three current directors are leaving its board as part of a restructuring following its 2019 recapitalization transactions.

The size of the board will be reduced from seven to six and the number of class III directors will be reduced to one, according to the toymaker.

Jakks also said Matthew Winkler will resign from the board at the 2025 annual meeting. Joshua Cascade and Carole Levine will also leave the board, and Jonathan Liebman and Jordan Moelis were nominated as candidates for election in their place, Jakks said.

Shares were down 3% in recent trading.

Price: 24.71, Change: -0.77, Percent Change: -3.01