Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-04

Kartoon Studios (TOON)

CEO Andy Heyward was paid $1,141,189 in fiscal year 2025, ↑ up 6.1% from fiscal year 2024 (SEC filing 0001683168-26-006962 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$1,141,189 ↑
Andy Heyward total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
97.76%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Andy Heyward (Chief Executive Officer), FY2025 total compensation $1,141,189 (base salary $659,583) [exec_comp, SEC accession 0001683168-26-006962, filed 2026-09-04]

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TOON's next annual pay disclosure, estimated February 5, 2028.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andy Heyward$659,583$165,000$0$0$0$0$316,606$1,141,189
Chief Executive Officer
Michael Jaffa452,90650,000474,7500004,563982,219
Chief Operating Officer, General Counsel and Corporate Secretary
Brian Parisi350,0000000010,219360,219
Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Andy Heyward$1,141,189$1,075,384$1,476,984↑ +65,805
Michael Jaffa982,219508,364478,190↑ +473,855
Brian Parisi360,219359,281135,050↑ +938

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against TOON
No companies currently name TOON as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Andy HeywardCEO$1,141,189
Brian ParisiCFO$360,219
Michael A. JaffaCOO—
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Anthony ThomopoulosIndependent Director$105,918
Dr. Cynthia Turner-GrahamIndependent Director$44,028
Henry Sicignano IIIIndependent Director$117,000
Joseph Gray DavisIndependent Director—
Lynne SegallIndependent Director$61,110
Margaret LoeschIndependent Director$45,972
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael JaffaRSU2025-11-14——750,000——
Brian ParisiRSU2026-01-01——500,000——
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andy HeywardPSU843,750—$607,500
Michael JaffaRSU750,000—540,000
Brian ParisiRSU11,667—8,400
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation program is designed to provide a fixed base salary reflecting skill and responsibility, reward achievement of pre-determined performance measures through bonus compensation, and align executives' interests with long-term stockholder value through equity-based incentive awards that promote retention and stock ownership.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20172017-07-252,750,14062,9989,33597.76%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20172017-07-2597.76%a

a. Approved under the standard stated in the filing — “Abstentions will have no effect on the results of this vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Henry Sicignano IIIIndependent · Departed during FY$20,000$97,000——$0$117,000
Anthony ThomopoulosIndependent · Audit Committee (Chair) · Compensation Committee21,45921,459——63,000105,918
Lynne SegallIndependent · Nominating Committee · Not standing for re-election30,55530,555——061,110
Margaret LoeschIndependent · Nominating Committee (Chair) · Educational Committee · Not standing for re-election22,98622,986——045,972
Dr. Cynthia Turner-GrahamIndependent · Educational Committee (Chair)22,01422,014——044,028
Joseph "Gray" DavisIndependent · Audit Committee19,51419,514——039,028
Jeffrey SchlesingerIndependent · Audit Committee · Compensation Committee (Chair) · Partial-year service6,4596,459——012,918
Andy HeywardEmployee director · Board Chair · Nominating—————0
Stefan PiëchNot independent · Departed during FY · Partial-year service00——00
David NeumanNot independent · Educational · Partial-year service · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer—
Per board meeting fee$10,000
Committee chair fees (audit / comp / nom-gov)10,000 / 10,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$142,987
Equity awards (grant-date value)$219,987
All other compensation$63,000
Total cost of the board$425,974

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Kartoon Studios2025Andy Heyward$659,583$0$0$0$1,141,189

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at Kartoon Studios in fiscal 2025?
As disclosed, Andy Heyward (Chief Executive Officer) was the highest-paid executive at Kartoon Studios in fiscal 2025, with total compensation of $1,141,189.
How did shareholders vote on Kartoon Studios's executive compensation?
As disclosed, 97.76% of shareholders supported Kartoon Studios's executive compensation in the latest say-on-pay vote.
How much does Kartoon Studios spend in total on board compensation for fiscal 2025?
As disclosed, Kartoon Studios reported total board compensation of $425,974 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Andy HeywardDEF 14A2026-09-040001683168-26-006962Section “Executive Compensation”. As printed: 1,141,189. Filing ↗machine: span 222551–222560
2Section 01, Michael JaffaDEF 14A2026-09-040001683168-26-006962Section “Executive Compensation”. As printed: 982,219. Filing ↗machine: span 226273–226280
3Section 01, Brian ParisiDEF 14A2026-09-040001683168-26-006962Section “Executive Compensation”. As printed: 360,219. Filing ↗machine: span 230027–230034
4Section 03, Michael Jaffa RSUDEF 14A2026-09-040001683168-26-006962Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 248501–248508
5Section 03, Brian Parisi RSUDEF 14A2026-09-040001683168-26-006962Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
6Section 08, Henry Sicignano IIIDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 117,000. Filing ↗machine: span 407144–407151
7Section 08, Anthony ThomopoulosDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 105,918. Filing ↗machine: span 409658–409665
8Section 08, Lynne SegallDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 61,110. Filing ↗machine: span 408811–408817
9Section 08, Margaret LoeschDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 45,972. Filing ↗machine: span 407985–407991
10Section 08, Dr. Cynthia Turner-GrahamDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 44,028. Filing ↗machine: span 410498–410504
11Section 08, Joseph "Gray" DavisDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 39,028. Filing ↗machine: span 406296–406302
12Section 08, Jeffrey SchlesingerDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 12,918. Filing ↗machine: span 411340–411346
13Section 08, Andy HeywardDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Stefan PiëchDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: 0. Filing ↗
15Section 08, David NeumanDEF 14A2026-09-040001683168-26-006962Section “Director Compensation”. As printed: —. Filing ↗
16Section 06, 2017 voteForm 8-K2017-07-250001683168-17-001854Item 5.07 · say-on-pay result. As reported: 97.76%. Filing ↗
17Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
18Section 09b board cost (computed)Computed——Cash 142,987 + equity 219,987 + all other 63,000 = 425,974, summed across the director compensation table rows.machine: formula: Σ = 425,974
19Kartoon Studios (subject), Section 10b CEO totalDEF 14A2026-09-040001683168-26-006962CEO total compensation as printed in Kartoon Studios's own proxy. As printed: 1,141,189. Filing ↗machine: span 222551–222560

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