Funko Revises 2024 Inducement Compensation Plan

Funko, Inc. (FNKO) has amended its 2024 inducement compensation plan, effective March 11, 2026, according to a filing with the U.S. Securities and Exchange Commission on March 12, 2026.

Details of the Amendment

The amendment, made pursuant to Article 12.1 of the existing plan, modifies the total number of shares available for awards under the 2024 Inducement Plan. The total number of shares that may be awarded under the plan has been increased to 2,500,000 shares [SEC Filing].

The shares distributed as awards may consist of authorized issued shares or treasury shares. The Board of Directors or Compensation Committee retains the authority to modify, suspend, or terminate the incentive plan at any time.

Nasdaq Rule 5635(c)(4) Exemption

Since the Induction Plan is exempt from “employment-inducing compensation” as defined in Nasdaq Rule 5635(c)(4), the amendment did not require stockholder approval. [Business Wire]. This allows for quicker implementation of changes to the plan.

Governing Law

This amendment is governed by and construed in accordance with the laws of the State of Delaware, unless preempted by federal law.

The amendment was adopted by Funko’s Board of Directors on March 12, 2026, and was signed by Tracy D. C., Corporate Secretary.