Kartoon Studios schedules 2026 annual meeting for October 21

Kartoon Studios, Inc. (NYSE:TOON) announced Wednesday that its Board of Directors has scheduled the company’s 2026 Annual Meeting of Stockholders for October 21, 2026. The decision was disclosed in a press release statement filed with the Securities and Exchange Commission.

The company stated that, because the 2026 Annual Meeting will be held more than 30 days after the anniversary of its 2025 Annual Meeting, previously disclosed deadlines for stockholder proposals are no longer applicable. Stockholders who wish to submit proposals for inclusion in the company’s proxy materials under Rule 14a-8 of the Securities Exchange Act of 1934, submit director nominations, or provide notice pursuant to Rule 14a-19 (Universal Proxy), must deliver the required materials to the company’s Corporate Secretary by 5:00 p.m. Pacific Time on August 16, 2026.

Kartoon Studios also indicated that, as the 2026 Annual Meeting is scheduled more than 60 days after the anniversary of the 2025 meeting, stockholders seeking to raise proposals or nominate directors outside of the proxy process must also submit written notice to the Corporate Secretary by the same August 16, 2026 deadline. The company specified that any adjournment, recess, or postponement of the annual meeting will not extend this deadline.

Further details regarding the annual meeting, including matters to be considered and procedural information, will be provided in the company’s definitive proxy statement to be filed with the SEC.

Kartoon Studios is incorporated in Nevada and is headquartered in Beverly Hills, California. Its common stock is listed on the NYSE American under the ticker symbol TOON. The company currently trades at $0.59 with a market capitalization of $34.39 million, and according to InvestingPro analysis, the stock appears undervalued relative to its Fair Value. However, an InvestingPro Tip notes the company is quickly burning through cash and remains unprofitable over the last twelve months, with an EPS of -$0.45. The platform offers 6 additional exclusive tips for TOON investors seeking deeper insights into the company’s financial health.

This information is based on a press release statement filed with the Securities and Exchange Commission.

In other recent news, Kartoon Studios announced several significant developments. The company reported receiving an initial cash payment of approximately $39.2 million from previously announced litigation settlements, contributing to a total cash reserve exceeding $40 million with no debt as of June 30, 2026. Additionally, Kartoon Studios is set to receive aggregate settlement payments of about $78.5 million before fees and expenses, as confirmed by the U.S. District Court for the Southern District of New York. These settlements are part of the shareholder action Augenbaum v. Anson Investments Master Fund LP et al., under Section 16(b) of the Securities Exchange Act. In another legal development, Kartoon Studios reached a settlement agreement with an additional party in the same litigation, securing $5 million before fees and expenses.

Further, the company has sold its Frederator Networks’ Channel Network business for $500,000, while retaining intellectual property rights for distribution and licensing. Additionally, Kartoon Studios’ Board of Directors has adopted a limited duration stockholder rights plan, declaring a dividend distribution of one right for each outstanding share of common stock, with a record date set for July 13, 2026. These recent developments reflect the company’s ongoing strategic and financial maneuvers.