Simply put, it is a short, action statement that tells a . Alternatively, you may foster creativity and innovation in your business. $14.99. MUDS and Topps undertake no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. 8th-grade reading level. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could result in the proposed business combination not being completed at all or on the expected timeline, including as a result of the termination of the definitive documentation with respect to the proposed business combination or the failure to obtain approval of MUDS stockholders or other conditions to closing in the definitive documentation with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against MUDS or Topps or any of their respective directors or officers, following the announcement of the proposed business combination (3) the ability to meet applicable NASDAQ listing standards; (4) the risk that the proposed business combination disrupts current plans and operations of Topps business as a result of the announcement and consummation of the proposed business combination; (5) the inability to complete the private placement (6) changes in domestic and foreign business, market, financial, political and legal conditions; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the impact of the global COVID-19 pandemic on any of the foregoing risks; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and other documents filed or to be filed with the SEC by MUDS. In the marketplace, and create a powerful connection with consumers around the world. Industry: Toys and games , Playing cards , Social stationery and greeting cards , Albums, scrapbooks and binders , Candy and other confectionery products See All Industries Printer Friendly View Address: 1 Whitehall St New York, NY, 10004-3612 United States See other locations Phone: Website: www.topps.com Employees (this site): Actual A good mission statement is concise. This message is designed for internal and external audiences; it should ignite interest in the organization as it . A mission statement is a brief but clear group of words that explains the core values of a company or organization. Prior to joining Topps, Mr. Leiner worked for Madison Dearborn Partners as an Associate, responsible for evaluating new growth equity and leverage buyout transactions globally and managing existing investments, including the Topps Company investment. Throughout the years TOPPS has donated over $100,000 dollars to charities like the Sunshine Kids amongst others and also to the Clear Lake Chamber of Commerce for their Fourth of July Fireworks Spectacular. Participants in the SolicitationMUDS, Topps and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from MUDS stockholders in connection with the proposed business combination. The improvement mainly reflected a mix shift of net sales to e-commerce in Physical Sports & Entertainment and the improved profitability of Sports & Entertainment, partially offset by higher freight costs and a mix shift to higher cost products in Confections. Founded in 1938 as a chewing gum company, Topps released their first baseball card set in 1951. It often includes a general description of the organization, its function, and its objectives. Instead of being technicalthat's not the point herethink of what values go into the core of your business. A companys mission statement differs from its vision statement. The forward-looking statements in this press release speak as of the date of its filing. The following definitions are provided: Adjusted EBITDA is defined as earnings before interest, income taxes and depreciation and amortization, and further adjusted to exclude the impact of certain items that arenon-cash,unrelated to Topps core revenue-generating operations or that affect the comparability of Topps results from period to period. Topps believes that this non-GAAP measure provides meaningful information to assist investors and stockholders in understanding Topps financial results and assessing its prospects for future performance, and reflects an additional way of viewing aspects of Topps operations that, when viewed with its GAAP financial measures, provides a more complete understanding of Topps business. Topps Digital Sports & Entertainment has connected with people around the world who have downloaded our apps including Topps BUNT, TOPPS KICK, Star Wars: Card Trader by Topps, Topps WWE SLAM, Topps NHL SKATE, Marvel Collect! 2 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on May 10, 2021. ET. NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, and Mudrick Capital. Topps Physical Sports & Entertainment products include Major League Baseball, Major League Soccer, UEFA Champions League, Bundesliga, National Hockey League, Formula 1, Star Wars, WWE, Wacky Packages, Garbage Pail Kids, Mars Attacks and more. All of your company's strategic steps should align with its mission. Our Vision is to provide more than just an accounting or management application. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. About The Topps CompanyFounded in 1938, The Topps Company, Inc. is a global consumer products company that entertains and delights consumers through a diverse, engaging, multi-platform product portfolio that includes physical and digital collectibles, trading cards, trading card games, sticker and album collections, memorabilia, curated experiential events, gift cards and novelty confections. Here's our seven-step process to write a great vision statement: 1. A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. Additional Information About the Proposed Business Combination and Where to Find ItIn connection with the proposed business combination involving MUDS and Topps, MUDS filed a preliminary proxy statement with the SEC on May 12, 2021 relating to the proposed business combination, which has since been amended. Upon closing of the transaction, the combined company will be named Topps Companies, Inc. and will be listed on NASDAQ under the new ticker symbol TOPP. On June 22, 2021, MUDS filed an amendment to its preliminary proxy statement which includes Topps complete First Quarter 2021 financial results. Investopedia requires writers to use primary sources to support their work. Fanatics' trading card entity is valued at $10 billion after a $350 million round of funding last September. Join our dynamic & entrepreneurial team and be a driving force as we transform one of the most storied entertainment brands into the world leader of digital collectibles.. Why you will love it here:. One summer weekend day, approximately 12 captains with their boats and crews headed to Galveston, Texas from Clear Lake cruised into Offatts Bayou and stopped at a great watering hole known as the Seabreeze Restaurant and Bar. A good mission statement also focuses on the long-term goal it wishes to deliver to customers. It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors. OutlookFor 2021, the Company now expects net sales to be in the range of $740 million to $760 million, representing an increase of 31% to 34% over 2020 net sales of $567 million. A company's brand is also shaped by its mission statement. First, it outlines a company's goals and position in the industry for its customers, competitors, and other stakeholders. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. Topps believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Topps financial condition and results of operations. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. Furthermore, it defines how each of these applies to the company's stakeholdersits employees, distributors, suppliers, shareholders, and the community at large. Adjusted EBITDA* in the second quarter of 2021 increased 144.0% to $55.1 million with an Adjusted EBITDA* margin of 26.0% compared to Adjusted EBITDA* of $22.6 million with an Adjusted EBITDA* margin of 18.9% in the second quarter of 2020. 2023 Throwback Thursday Star Wars Edition Set #4 - 1952 Baseball. When done right, your company's mission statement acts as a powerful driver that informs every aspect of your organization, from daily operations, to customer loyalty, to employee satisfaction. Topps MLB Living Set Card #599 - Michael Harris II. Students' Personal Mission Statement Examples. In general, a mission statement describes the "what" and "how" of the company (sometimes also including the "why"), while a vision statement focuses more on the "why" or meaning behind the company's actions. Stockholders of MUDS will also be able to obtain copies of the proxy statement and other documents filed with the SEC, without charge, once available, at the SECs website at www.sec.gov. Second Quarter 2021 Financial HighlightsComparison of the Thirteen Weeks Ended July 3, 2021 to the Thirteen Weeks Ended July 4, 2020, Net sales increased by $92.8 million, or 77.7%, to $212.2 million, Gross margin improved 350 basis points to 43.3%, Adjusted EBITDA* grew 144.0% to $55.1 million, Adjusted EBITDA margin* increased 710 basis points to 26.0%, Second Quarter 2021 Segment HighlightsComparison of the Thirteen Weeks Ended July 3, 2021 to the Thirteen Weeks Ended July 4, 2020, Sports & Entertainment segment net sales increased 86.5% to $151.5 million, Physical Sports & Entertainment net sales increased 87.7%, Digital Sports & Entertainment net sales increased 122.4%, Sports & Entertainment segment Adjusted EBITDA increased 137.8% to $53.6 million generating an Adjusted EBITDA margin of 35.4% compared to 27.8%, Confections segment net sales increased 58.8% to $60.7 million, Confections segment Adjusted EBITDA increased 71.1% to $11.9 million generating an Adjusted EBITDA margin of 19.6% compared to 18.2%, *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Measures Disclosures., Michael Brandstaedter, Chief Executive Officer of The Topps Company stated, Our second quarter performance reflected the overall strength of our business.
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