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Stock Market & Financial Investment News

News Breaks
March 14, 2012
10:28 EDTJAKKHolder Clinton Group asks Jakks Pacific to run auction to sell company
News For JAKK From The Last 14 Days
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September 29, 2015
13:24 EDTJAKKJAKKS Pacific announces cooperation agreement with Oasis Management
Jakks Pacific said in a regulatory filing, "On September 25, we entered into a Cooperation Agreement with Oasis Management Company Ltd. and, solely for purposes of Section 8(b) thereunder, Alexander Azim Shoghi, which provides, among other things, that we will nominate Mr. Shoghi, an employee of entities associated with Oasis, for election to our Board of Directors at our 2015 Annual Meeting, recommend that our stockholders vote to elect Mr. Shoghi at our 2015 Annual Meeting and use our reasonable best efforts to obtain the election of Mr. Shoghi at our 2015 Annual Meeting. Under the terms of the Cooperation Agreement, Oasis agreed to vote in favor of management's slate of nominees at such meeting. We also agreed not to increase the size of our Board of Directors above seven directors until our 2016 Annual Meeting. In addition, Oasis and Mr. Shoghi agreed that, if elected as a director, Mr. Shoghi will submit his resignation in the event that, during the Cooperation Period, Oasis' beneficial ownership of shares of our common stock decreases below 1,251,606 shares -- representing 5% of the 25,032,131 shares of our common stock outstanding as of the date of the Cooperation Agreement -- or if Oasis engages in any short sales of our shares. Oasis also agreed to abide by certain customary standstill restrictions during the Cooperation Period."

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