Latest news with #CynthiaWilliams
Business Upturn
09-08-2025
- Business
- Business Upturn
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Funko, Inc.
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Funko, Inc. ('Funko' or the 'Company') (NASDAQ: FNKO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Funko and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 7, 2025, Funko announced the departure of Cynthia Williams as its Chief Executive Officer, effective July 5, 2025. On this news, Funko's stock price fell $0.51 per share, or 10.49%, to close at $4.35 per share on July 7, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP [email protected] 646-581-9980 ext. 7980
Business Wire
11-07-2025
- Business
- Business Wire
FNKO Investors Have Opportunity to Join Funko, Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Funko, Inc. ('Funko' or 'the Company') (NASDAQ: FNKO) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Funko announced on July 7, 2025, that CEO Cynthia Williams had departed the Company effective July 5, 2025. Based on this news, shares of Funko fell by almost 10.5% on the same day. If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Yahoo
09-07-2025
- Business
- Yahoo
Funko CEO exits after a little over a year
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. In an abrupt turn in leadership, Funko Chief Executive Officer Cynthia Williams exited her role on Saturday. Williams joined the company in May 2024 from Hasbro, where she was the president of Wizards of the Coast and Gaming. Funko appointed Michael Lunsford as interim CEO, effective the same day of Williams' departure, according to a press release. 'I believe we have yet to achieve the full potential of Funko,' Lunsford said in a statement. The decision was made by the board of directors, a company spokesperson said in an email to Retail Dive. 'The Board determined that the company needs new leadership to accelerate growth,' the spokesperson said. Lunsford was previously Funko's interim chief between 2023 and 2024, following then-CEO Brian Mariotti taking a leave of absence and subsequently stepping down from the chief executive position. 'We believe a change in leadership is necessary to deliver full shareholder value and believe Mike's appointment positions us accordingly,' Board Chairman Charles Denson said in a statement. 'Mike is experienced in leading several companies, including Funko, through successful corporate transitions. The Board has asked Mike to help us realize the full potential of the business, including helping to identify a new chief executive officer, accelerating our organic growth, and exploring all financial and strategic options for the business.' In the company's Q1 earnings, net sales fell 11.6% year over year to $190.7 million, and net loss widened to $28 million, compared to $23.6 million in the year-ago quarter. 'Our strategic direction remains consistent,' the company spokesperson said regarding the change in top leadership. 'The focus now is on moving with greater urgency to execute the plans we've set to grow the business and sharpening operational discipline to strengthen the business.' Recommended Reading Sweetwater names CEO
Bloomberg
07-07-2025
- Business
- Bloomberg
Funko Replaces CEO After One Year Amid Losses, Falling Sales
Toymaker Funko Inc. replaced Chief Executive Officer Cynthia Williams after just one year on the job, naming board member and former CEO Michael Lunsford as interim head to reverse the company's slumping fortunes. 'We believe a change in leadership is necessary to deliver full shareholder value and believe Mike's appointment positions us accordingly,' the Everett, Washington-based company said in a statement.
Wall Street Journal
31-05-2025
- Business
- Wall Street Journal
She Always Felt Like an Outsider. Now It's This CEO's Superpower.
Cynthia Williams grew up playing make-believe in the woods of North Carolina. She was an outsider dreaming of being part of something bigger. She took that mindset with her as she started her career and scaled the ranks of and Microsoft. To fight off impostor syndrome Williams came up with her signature Wonder Woman pose: Standing up with her hands on her hips for two minutes.
