100% Reach. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. The unique qualities found within our company stem not only from the ideal combination of technology and quality - but from a practical insight into our customers every need. in definitive proxy or information statements incorporated by reference in Part III of this form 10-K or any amendment of this Form 10-K. ; Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer This message is designed for internal and external audiences; it should ignite interest in the organization as it . 8th-grade reading level. A great mission statement helps your company define its direction and stay on track. The improvement mainly reflects 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 for both Sports & Entertainment and Confections. ET. Monterey Bay Aquarium: To inspire conservation of the oceans. It demonstrates thoughtful leadership, reputability, and inspiration to potential investors, employees, or donors. Non-GAAP Financial Measures This press release includes certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin, that are not prepared in accordance with accounting principles generally accepted in the United States (GAAP). Tornante invests in, acquires, and operates media and entertainment companies. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. A companys mission statement differs from its vision statement. He teaches accounting, helping promote financial education and awareness. 70 Best Personal Mission Statement Examples - Rigorous Themes A brand is an suite of elements that encompasses a company's identity. Mission statements may sometimes be very lofty and far too unrealistic, which can distract employees from the company's goals. $19.99. TOPS [ONE] is a platform that serves all of the stakeholders of your community association's ecosystem. It should not be an impossible statement. What Is a Company Mission Statement? - Business News Daily by Topps. A value proposition is a marketing statement that summarizes why a consumer should buy a product or use a service. Narrow down your choices. A mission statement doesn't give much opportunity for a rebuttal to clarify or further explain what a company is all about. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. This section requires some thought, as you aren't necessarily trying to provide a detailed description of the company's operations. The statement reveals what the company does, how it does it, and why it does it. 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. Topshop Mission & Vision Analysis - Mission Statement 50 Example Nonprofit Mission Statements - Top Nonprofits by NXUnite Whether it's at a networking event, social gathering, or bus ride to work, a mission statement is an easy way to captivate a stranger's interest in your company should they ask what your company does. Here's our seven-step process to write a great vision statement: 1. 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! First, it outlines a company's goals and position in the industry for its customers, competitors, and other stakeholders. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. Mission statements serve a dual purpose by helping employees remain focused on the tasks at hand, and encouraging them to find innovative ways of moving toward increasing their productivity with the eye to achieving company goals. Difference between Vision and Mission Statement with Example - Toppr-guides While a mission statement often does not mention a specific aspect of the business, company goals are often measurable relating to departments or products so a company can track progress. You can find more information about MUDS directors and executive officers in MUDS Amendment No. What is a Mission Statement? | Example & Purpose - Video & Lesson The company is led by Chief Executive Officer and Chairman of the Board of Directors, Jason Mudrick, Chief Financial Officer, Glenn Springer, Vice President, Victor Danh and Vice President, David Kirsch. While the mission statement remains unchanged for the most part and represents who the company is or aspires to be for the entirety of its existence, the vision statement can change. They can also represent your company's culture and philosophy through humor, emotion or shock value. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Topp Company's mission statement is "We save people money so they can live better , bring inspiration and innovation to every athlete in the world." Working At Related Companies Related Company Jobs New York Updated March 1, 2023 Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact. A company's mission statement should drive the goals that are set. The company is led by Chief Executive Officer and Chairman of the Board of Directors, Jason Mudrick, Chief Financial Officer, Glenn Springer, Vice President, Victor Danh and Vice President, David Kirsch. Topps was acquired in October of 2007 by Madison Dearborn Partners, a private equity group, and The Tornante Company, an investment company owned by Michael Eisner, former CEO of Disney. A mission statement is a brief but clear group of words that explains the core values of a company or organization. A club name, logo, set of bylaws, and the election of officers soon followed. The Topps Company Mission, Vision & Values Are you in HR or Marketing for The Topps Company? TOPP offers quality sewage basins, sump basins and wastewater basins made of fiberglass and polyethylene that provide answers for both budget and performance. A company's goals or business plan may be publicly disclosed or kept private/internal. MUDS stockholders and other interested persons are advised to read, the preliminary proxy statement, any amendments thereto, and, when available, the definitive proxy statement and any other documents filed, in connection with MUDS solicitation of proxies for its special meeting of stockholders to be held to approve the proposed business combination and other matters, as these materials will contain important information about MUDS, Topps and the proposed business combination. A mission statement is an action-oriented statement declaring the purpose an organization serves to its audience. TOPPS was a club affiliated member of ABPA (American Power Boat Racing) for many years. $14.99. TOPPS mission statement in part was to promote offshore racingand did it ever! The statement is generally short, either a single sentence or a short paragraph. Identify important stakeholders. Independence for you to do your best work to grow the business. Although MUDS may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so whether as a result of new information, future events, changes in assumptions or otherwise except as required by applicable securities laws. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the thirteen weeks ended July 3, 2021 and the thirteen weeks ended July 4, 2020. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. Cautionary Language Regarding Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. 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. Second Quarter 2021 Financial ResultsNet sales increased by $92.8 million, or 77.7%, to $212.2 million for the second quarter of 2021, from $119.5 million in the second quarter of 2020, reflecting substantially higher Sports & Entertainment and Confections sales. How To Write a Good Mission Statement (With Examples) Tailored Brands mission statement Tailored Brands provides a personal, convenient, one-of-a-kind shopping experience with compelling products and world-class service. Although it's never ideal to constantly pivot your image and change your mission statement, your company may outgrow or shift directions resulting in the need of a new statement. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed business combination. You can find more information about MUDS directors and executive officers in MUDS Amendment No. Fiberglass Basins, Covers and Accessories. Work from home Explore work from home during COVID-19, remote work support and work-life balance. About The Tornante CompanyThe Tornante Company, LLC is a privately held investment firm founded and owned by former Walt Disney Company CEO Michael Eisner. Forward-looking statements may be identified by the use of words such as forecast, intend, seek, target, anticipate, believe, expect, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. | Source: Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. Competitive compensation & benefits. 2016 Topps Star Wars Rogue One: Mission Briefing Checklist The organisational employees should find it feasible and credible. 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. TOPPS was also very instrumental in organizing and staffing many national offshore races, including race sites in Galveston, Corpus Christi, South Padre Island, Biloxi, New Orleans, and Key West. The management and employees of TOPP Industries, Inc., have made it our primary concern to provide "TOPP of the Line" quality, economy, and environmentally responsible products to our customers. Topps uses Adjusted EBITDA to evaluate the underlying performance of its revenue-generating operations and facilitate comparisons of Topps recurring operating performance between periods and to the reported operating performance of other companies. A mission statement is a declaration of what your company does and why it exists. You can learn more about the standards we follow in producing accurate, unbiased content in our. The 3 Pillars of Corporate Sustainability, Ethical Standards You Should Expect From a Financial Advisor, 7 Popular Marketing Techniques for Small Businesses, 10 Phrases You Should Ban From Your Resume, Advantages and Disadvantages of Mission Statements, Core Competencies in Business: Finding a Competitive Advantage, Value Proposition: How to Write It With Examples, Corporate Culture Definition, Characteristics, and Importance, What Is Brand Management? First Quarter 2021 Financial ResultsNet sales increased by $59.3 million, or 55.3%, to $166.6 million for the first quarter of 2021, from $107.3 million in the first quarter of 2020, reflecting substantially higher Sports & Entertainment sales as well as an increase in Confections sales. First Quarter 2021 Financial HighlightsComparison of the Thirteen Weeks Ended April 3, 2021 to the Fourteen Weeks Ended April 4, 2020, First Quarter 2021 Segment HighlightsComparison of the Thirteen Weeks Ended April 3, 2021 to the Fourteen Weeks Ended April 4, 2020, *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, Fiscal 2021 is off to a great start. To the extent that forward-looking non-GAAP financial measures are provided, they are presented on a non-GAAP basis without reconciliations of such forward-looking non-GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. MUDS stockholders and other interested persons are advised to read the definitive proxy statement and any other documents filed, in connection with MUDS solicitation of proxies for its special meeting of stockholders to be held to approve the proposed business combination and other matters, as these materials will contain important information about MUDS, Topps and the proposed business combination. This seemed like a natural progression of the high performance life where one could get out in open watersaway from it allopen up throttles and let it rip without any hassles about speed limits or loud exhausts. There's no single best way to come up with a mission statement. Once a mission statement is crafted, it's up to the company to make it publicly known. We believe we are well positioned to capitalize on the many growth opportunities that exist for our business., Michael Eisner, Chairman of The Topps Company, commented, I am pleased with our fantastic start to 2021. No Offer or SolicitationThis press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. A value statement often includes actionable direction such as "taking ownership", "acting ethically", "doing what is right", or "being transparent." This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 50 Excellent Nonprofit Mission Statements. Net effect of changes in operating assets and liabilities: Accounts payable, accrued expenses and other current liabilities, Acquisitions of property, plant and equipment, Effect of exchange rate changes on cash and cash equivalents, (Decrease)/increase in cash and cash equivalents, Cash and cash equivalents - beginning of period, Cash and cash equivalents - end of period, Income taxes paid, net of refunds received, Non-cash and non-core (gains)/ losses, net, Net sales increased by $59.3 million, or 55.3%, to $166.6 million, Gross margin improved 200 basis points to 39.4%, Net income grew $23.0 million to $23.4 million, Adjusted EBITDA* grew $23.0 million to $35.9 million, Adjusted EBITDA margin* increased 950 basis points to 21.5%, Sports & Entertainment segment net sales increased 105.3% to $103.2 million, Physical Sports & Entertainment net sales increased 101.7%, Digital Sports & Entertainment net sales increased 111.1%, Sports & Entertainment segment Adjusted EBITDA increased 373.2% to $32.0 million generating an Adjusted EBITDA margin of 31.0% compared to 13.4%, Confections segment net sales increased 11.3% to $63.5 million, Confections segment Adjusted EBITDA was $10.7 million generating an Adjusted EBITDA margin of 16.9% compared to 19.9%. We delivered exceptional performance in our Sports & Entertainment segment, as well as a meaningful recovery in our Confections segment compared to last years COVID-related impact on this business. Company Description: For football and basketball fans, it's all in the cards. Maybe you value quality, customer service, or being sustainable. 101 Mission Statements from Top Companies: Plus Guidelines for Writing Topps believes Adjusted EBITDA is also useful in evaluating its operating performance, as it is similar to measures reported by Topps competitors and is regularly used by security analysts and investors in analyzing companies operating performance and prospects. How To Write a Personal Mission Statement (40 Examples) TOPS Vision Statement. In addition, be mindful to periodically review your mission statement. After careful consideration, the Board of Directors for MUDS recommends that its stockholders vote FOR the proposed business combination. It helps you stand out as a business, highlighting what sets you apart from the others in your industry. It is best known as a leading producer of baseball cards and other sports-related trading cards. After the bulk of the work has been done, companies may struggle with "wordsmithing" or simply rearranging words instead of trying to generate value. It also helps the organization focus and stay on track to make the right decisions about its future. For example, an ethical investor against tobacco products would probably not invest in a company whose mission is to be the largest global manufacturer of cigarettes. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. There's a lot more to crafting a great vision statement than just writing a few sentences. 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. Additionally, later this year, Topps will kick off a scaled, non-exclusive program to design, manufacture and distribute trading cards showcasing current college football and basketball student . Your organization should refer to your mission statement often as you: Furthermore, the mission statement helps clarify a company's purpose. PDF March 3 2007 Form 10-K - SEC Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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. The Topps Company | LinkedIn 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 definitive proxy statement with the SEC on July 30, 2021 relating to the proposed business combination, which has since been supplemented. MUDS has scheduled a special meeting in lieu of its 2021 annual meeting of stockholders (the Special Meeting) to vote on the proposed transaction with Topps and related matters for August 25, 2021 at 10:00 a.m. Either through a group voting process or by soliciting the feedback of a few people you trust, whittle down the list you generated in step two. We are excited to see our businesses perform well and look forward to building on our recent accomplishments to drive continued growth over the long-term.. These are key points to outline in your mission statement. Its sponsor is an affiliate of Mudrick Capital Management, L.P., which currently manages approximately $3.5 billion with a specialty in event-driven and special situation investing in public and private companies in North America. A mission statement only holds value if it is shared with existing and potential customers, vendors, donors, or employees. Management - uk.topps.com Topps Digital Services is a leading processor, distributor and program manager of prepaid gift cards and provider of cloud-based financial services and white label e-gift solutions for widely recognized digital businesses that include Airbnb, Deliveroo, DoorDash, Hulu, Instacart, Netflix, Nike, Twitch and Uber. by Topps and Disney Collect! She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. About The Tornante CompanyThe Tornante Company, LLC is a privately held investment firm founded and owned by former Walt Disney Company CEO Michael Eisner. Adjusted EBITDA* in the first quarter of 2021 increased 178.0% to $35.9 million with an Adjusted EBITDA* margin of 21.5% compared to Adjusted EBITDA* of $12.9 million with an Adjusted EBITDA* margin of 12.0% in the first quarter of 2020. Business Combination On May 12, 2021, Mudrick Capital Acquisition Corporation II (MUDS) (NASDAQ: MUDS), a publicly-traded special purpose acquisition company, filed its preliminary proxy statement with the Securities and Exchange Commission (the SEC) in connection with its proposed business combination with The Topps Company. Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Common stock, $0.01 par value; 1,000 shares authorized; 100 shares issued, Total liabilities and stockholders equity, Selling, general and administrative expenses, Interest expenses, net of interest income, Unrecognized pension and postretirement cost, net of income taxes, Adjustments to reconcile net income to net cash used in operating, Depreciation and amortization of property, plant and equipment and, Unrealized loss on derivative instruments, net. 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. 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. 2016 Topps Star Wars Rogue One: Mission Briefing trading cards at a glance: Packs per box: 24 Cards per pack: 8 Boxes per case: 12 Set size: 110 cards Release date: September 30, 2016 What to. TOPPS members are extremely proud of the fact that they did not receive any compensation for themselves or their boats in volunteering as Medical, Patrol, Rescue and Turn boat personnel and the many members who spent countless hours of their expertise and knowledge on the Officiating and Administration of these races. As a company grows, its objectives and goals may be reached, and in turn, they'll change. 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. What is Topp Company Mission Statement?