Funko, Inc. 8-K

What Happened

• On March 4, 2026, Funko, Inc., its subsidiary Funko UK, Ltd., and Andrew Oddie entered a letter agreement amending the existing Service Agreement (originally dated May 12, 2022, with later letters dated May 1, 2024 and Sept. 9, 2024).
• The amendment changes Mr. Oddie’s job title to Chief International Officer and specifies he will no longer reside in the United States for purposes of his employment. The filing states Mr. Oddie’s compensation remains unchanged, except that the relocation terms from the Sept. 9, 2024 letter will no longer apply except as expressly set out in the new Letter Agreement. The full Letter Agreement is attached as Exhibit 10.1 to the 8‑K filed March 6, 2026.

Key Details

• Date of letter agreement: March 4, 2026; 8‑K filed March 6, 2026 (Item 5.02).
• Prior Service Agreement: May 12, 2022, with modifications on May 1, 2024 and Sept. 9, 2024.
• Title change: Andrew Oddie → Chief International Officer.
• Location/relocation: Mr. Oddie will not reside in the U.S. for employment; previously applicable relocation terms from Sept. 9, 2024 generally no longer apply.
• Compensation: Reported as unchanged except for the relocation-term changes noted.

Why It Matters

• This is a management role and location change that signals Funko’s formal assignment of responsibilities for international operations to Mr. Oddie.
• The filing does not report any change to base compensation, stock awards, or severance in this amendment, so there’s no disclosed immediate pay increase or additional expense tied to this filing (other than the stated removal of certain relocation terms).
• Investors should note this as an operational leadership development—review the attached Letter Agreement (Exhibit 10.1) for full terms and monitor future disclosures for any related compensation or strategic updates.