Mattel appoints EdgePoint partner to Board of Directors
Mattel has entered into a cooperation agreement with EdgePoint Investment Group Inc., which holds approximately 18% of the toy company’s shares. As part of the agreement, Mattel has appointed Lee Matheson, an EdgePoint partner, to its Board of Directors.
Mattel Chairman and CEO Roger Lynch welcomed Matheson, highlighting his investment and public markets experience, as well as his perspective as a representative of the company’s largest and long-standing shareholder. The appointment is expected to complement the board’s existing expertise as Mattel pursues its brand-focused strategy and seeks to enhance shareholder value.
Matheson brings experience in investment management, capital markets and corporate board service. Before joining EdgePoint, he co-founded Broadview Capital Management Inc., where he managed a long/short investment fund focused on Canadian small-cap securities. He currently serves on the board of Tucows Inc. and has held positions on several other corporate boards.
Under the cooperation agreement, Matheson’s initial term runs until Mattel’s 2027 Annual Meeting of Stockholders. Mattel has also agreed to nominate him for re-election at that meeting. The agreement includes customary provisions covering voting commitments, standstill restrictions and confidentiality.