UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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July 31, 2025 (
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Explanatory Note
This Current Report on Form 8-K/A amends Item 5.02 of the Current Report on Form 8-K (the “Original Form 8-K”) filed by Funko, Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”) on July 7, 2025. Except for the additional information described below, nothing disclosed in the Original Form 8-K has changed.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously disclosed, on July 5, 2025, the Company’s Board of Directors (the “Board”) appointed Michael Lunsford as the Company’s Interim Chief Executive Officer.
In connection with Mr. Lunsford’s appointment as Interim Chief Executive Officer, on July 31, 2025 the Company entered into a letter agreement, effective as of July 5, 2025 with Mr. Lunsford (the “Letter Agreement”). The Letter Agreement provides for a two-month term (or if earlier, the date the Company hires a replacement Chief Executive Officer).
Pursuant to the Letter Agreement, for each month that Mr. Lunsford serves as Interim Chief Executive Officer, Mr. Lunsford will receive a monthly cash fee of $75,000, as well as a monthly award of 10,000 restricted stock units (“RSUs”), which award of RSUs shall vest on the last day of such month to which it relates, subject to Mr. Lunsford’s continued service to the Company through such vesting date. Mr. Lunsford is also eligible to participate in all Company employee benefit plans or programs.
The foregoing description of the Letter Agreement is qualified in its entirety by reference to the Letter Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits:
Exhibit |
Description | |
| 10.1 | Letter Agreement, by and between the Company and Michael Lunsford, dated July 31, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: August 4, 2025 | FUNKO, INC. | |||
|
By: | /s/ Tracy D. Daw | ||
| Tracy D. Daw | ||||
| Chief Legal Officer and Secretary | ||||