Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-04-03

Kartoon Studios (TOON)

Fiscal year 2024 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.

$1,075,384
Andy Heyward total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
97.76%
Say-on-pay support, latest vote
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.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Andy Heyward$440,000$220,000$0$0$0$0$415,384$1,075,384
Chief Executive Officer
Michael A. Jaffa450,00050,00000000500,000
Chief Operating Officer, General Counsel and Corporate Secretary
Brian Parisi331,43915,00000000346,439
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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Andy Heyward$1,075,384$1,476,984$1,435,000−401,600
Michael A. Jaffa500,000
Brian Parisi346,439135,050+211,389

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Brian ParisiRSU23,333$13,767
Andy HeywardPSU843,750497,813
Andy HeywardOption500,00013.9
Michael A. JaffaOption100,00013.9
05

Incentive-plan design — the Compensation Discussion & Analysis

Base salaries are used to recognize experience, skills, knowledge and responsibilities required of all of our employees, including our executive officers.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)
Independent consultantZayla Partners, LLC
Clawback policytrue
Anti-hedging
Anti-pledging
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 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Anthony ThomopoulosIndependent · Investment (Chair)$20,000$20,000$0$63,000$103,000
Lynne SegallIndependent · Audit · Compensation (Chair) · Nominating (Chair)32,50032,500065,000
Joseph Gray DavisIndependent · Audit · Nominating · Investment25,00025,000050,000
Margaret LoeschIndependent · Compensation22,50022,500045,000
Dr. Cynthia Turner-GrahamIndependent · Nominating22,50022,500045,000
Henry Sicignano IIIIndependent · Audit (Chair) · Investment20,00020,000040,000
Andy HeywardEmployee director · Board Chair0000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 10,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$142,500
Equity awards (grant-date value)$142,500
All other compensation$63,000
Total cost of the board$348,000

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 Studios2024Andy Heyward$440,000$0$0$0$1,075,384

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.

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 14A2025-04-030001683168-25-002272Section “Summary Compensation Table”. As printed: 1,075,384. Filing ↗machine: r1 · c14 · span 206588–206597
2Section 01, Michael A. JaffaDEF 14A2025-04-030001683168-25-002272Section “Summary Compensation Table”. As printed: 500,000. Filing ↗machine: r4 · c14 · span 208239–208246
3Section 01, Brian ParisiDEF 14A2025-04-030001683168-25-002272Section “Summary Compensation Table”. As printed: 346,439. Filing ↗machine: r7 · c14 · span 209931–209938
4Section 08, Anthony ThomopoulosDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 103,000. Filing ↗machine: t75 · r5 · c4 · span 338188–338195
5Section 08, Lynne SegallDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 65,000. Filing ↗machine: t75 · r4 · c4 · span 337855–337861
6Section 08, Joseph Gray DavisDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 50,000. Filing ↗machine: r1 · c4 · span 336886–336892
7Section 08, Margaret LoeschDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 45,000. Filing ↗machine: t75 · r3 · c4 · span 337539–337545
8Section 08, Dr. Cynthia Turner-GrahamDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 45,000. Filing ↗machine: t75 · r6 · c4 · span 338518–338524
9Section 08, Henry Sicignano IIIDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 40,000. Filing ↗machine: t75 · r2 · c4 · span 337209–337215
10Section 08, Andy HeywardDEF 14A2025-04-030001683168-25-002272Section “Director Compensation”. As printed: 0. Filing ↗
11Section 06, 2017 voteForm 8-K2017-07-250001683168-17-001854Item 5.07 · say-on-pay result. As reported: 97.76%. Filing ↗
12Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
13Section 09b board cost (computed)ComputedcomputedCash 142,500 + equity 142,500 + all other 63,000 = 348,000, summed across the director compensation table rows.machine: formula: Σ = 348,000
14Kartoon Studios (subject), Section 10b CEO totalDEF 14A2025-04-030001683168-25-002272CEO total compensation as printed in Kartoon Studios's own proxy. As printed: 1,075,384. Filing ↗machine: r1 · c14 · span 206588–206597