Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 4, 2026, Funko, Inc. (the "Company"), its subsidiary, Funko UK, Ltd, and Andrew Oddie entered into a letter agreement (the "Letter Agreement") amending the Service Agreement (as defined below) by and between the Company's subsidiary, Funko UK, Ltd, and Andrew Oddie, dated May 12, 2022, including as modified by letter dated May 1, 2024 and by letter dated September 9, 2024 (together, and as amended and/or modified from time to time, the "Service Agreement"). Pursuant to the Letter Agreement, Mr. Oddie's job title is changed to Chief International Officer, he will no longer reside in the United States for the purposes of his employment and his compensation is unchanged, except that the relocation terms contained in the September 9, 2024 letter referred to above will no longer apply (other than as expressly set out in the Letter Agreement).
The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Letter Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.