PLBY

Playboy Welcomes Jennifer Cabalquinto to its Board of Directors

Playboy adds independent director to bolster governance amid growth plans

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    <h3>Information</h3>
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    <h3>AI Summary</h3>
    <p>Playboy announced the appointment of Jennifer Cabalquinto to its Board as an independent director, restoring Nasdaq independence requirements. Her CFO and governance background spans 2K, Golden State Warriors Sports, LLC, and media-related governance, which the company says will support growth in licensing, media, experiences, and Honey Birdette. The move signals strengthened governance ahead of strategic opportunities.</p>
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    <h3>Key Points</h3>
    <ul><li>Playboy names Jennifer Cabalquinto to its Board as an independent director.</li><li>Appointment fills a vacant seat and restores Nasdaq independent-director compliance.</li><li>Cabalquinto has CFO experience at 2K and Golden State Warriors.</li><li>Governance and growth in licensing, media and experiences cited.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Take-Two Interactive Software, Inc. (TTWO)</strong>: 2K is a publishing label; Cabalquinto served as CFO (2021-2023), underpinning entertainment licensing expertise relevant to Playboy.</li><li><strong>KQED (N/A)</strong>: Cabalquinto chairs the board; governance experience in media and nonprofit settings.</li><li><strong>Sabio Holdings Inc. (SABO)</strong>: Cabalquinto previously independent director and Audit Committee Chair (2022-2024).</li><li><strong>Golden State Warriors Sports, LLC (N/A)</strong>: Cabalquinto served as CFO (2013-2020); sports/franchise operations experience.</li><li><strong>American Century Investments California funds (N/A)</strong>: Cabalquinto serves on fund board; governance and risk oversight experience.</li></ul>
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    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Board appointments are governance-driven and can influence strategic oversight, licensing, media, and experiences growth; not an earnings catalyst but may enable faster execution of Playboy&#039;s growth initiatives.</p>
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    <h3>Market-Moving</h3>
    <ul><li>Independent director appointment restores Nasdaq independence compliance.</li><li>No immediate earnings impact disclosed; timing of strategic initiatives unclear.</li><li>Board depth supports Playboy&#039;s growth in licensing, media and Honey Birdette.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: June 4, 2026; Playboy announces board appointment.</li><li>Board expanded to seven directors, with a majority independent.</li><li>Cabalquinto previously CFO of 2K (Take-Two) from 2021-2023.</li><li>Cabalquinto formerly CFO of Golden State Warriors Sports, LLC (2013-2020).</li><li>Cabalquinto chairs KQED board and serves on American Century Investments California funds board.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Modest positive signal; potential multiple re-rating as governance strength supports strategic execution over 6–12 months.</p>
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    <h2>Playboy Appoints Jennifer Cabalquinto to its Board of Directors</h2>
    <p><strong>LOS ANGELES</strong>, June 04, 2026 — Playboy, Inc. (<strong>NASDAQ: PLBY</strong>) (the “Company” or “Playboy”), a leading pleasure and leisure lifestyle company and one of the most recognizable brands worldwide, today announced the appointment of Jennifer Cabalquinto to its Board of Directors. Ms. Cabalquinto joins as an independent director, filling a vacant seat and restoring the Board to a total of <strong>seven directors</strong> with a majority of independent directors, thereby restoring Nasdaq independent director requirements.</p>
    <p>The announcement signals governance enhancements as Playboy reinforces its board composition to support continued growth across licensing, media and experiences, hospitality, and Honey Birdette.</p>
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    <h2>Jennifer Cabalquinto: Governance Experience and Public Company Background</h2>
    <p>Ms. Cabalquinto currently serves as Chair of the Board of Directors of KQED, the San Francisco Bay Area's PBS and NPR affiliate, and she previously chaired KQED’s Finance Committee. She also sits on the board of the American Century Investments California funds, where she chairs the Audit Committee and serves on the Technology & Risk Committee and Portfolio Committee. From 2022 to 2024, she served as an independent director and Audit Committee Chair of Sabio Holdings Inc., a publicly traded ad-tech company.</p>
    <p>Her governance experience spans public companies, mutual funds, private equity-backed entities, and nonprofit organizations, with oversight across audit, risk management, strategy, and finance matters. Cabalquinto served as Chief Financial Officer of 2K, a publishing label of Nasdaq-listed Take-Two Interactive Software, Inc., from <strong>2021 to 2023</strong>, leading finance operations and business process transformation for Take-Two’s global video game publishing business. Earlier, she was Chief Financial Officer of Golden State Warriors Sports, LLC from <strong>2013 to 2020</strong>, overseeing financial planning, accounting, treasury, and strategic finance, including the Chase Center development project.</p>
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    <h2>Executive Commentary from Playboy Leadership</h2>
    <p>“Jennifer brings a wealth of experience to the Board, having helped run and guide media, entertainment, sports, consumer, and technology-related businesses,” said <strong>Ben Kohn</strong>, Playboy's Chief Executive Officer. “I look forward to working with Jennifer on our Board and the expertise she will bring to support Playboy as it pursues growth in licensing, media and experiences, hospitality and at Honey Birdette.”</p>
    <p>Cabalquinto added, “I am honored to join the Playboy Board at such a dynamic point in the Company's evolution. Playboy is a truly iconic brand with significant opportunities ahead, and I look forward to drawing on my experience across media, entertainment, sports, consumer and technology businesses to help support the Board's oversight of the Company's strategy, financial discipline and continued growth.”</p>
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    <h2>About Playboy, Inc.</h2>
    <p>Playboy (<strong>NASDAQ: PLBY</strong>) is a global pleasure and leisure company, built on one of the most globally recognized brands. By leveraging its iconic intellectual property, Playboy pursues an asset-light model across licensing, digital content, consumer products and experiential offerings, helping consumers worldwide to live more fulfilling lives. To learn more, please visit <a href="https://investors.playboy.com">https://investors.playboy.com</a>.</p>
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    <h2>Forward-Looking Statements</h2>
    <p>This 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 Company's actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could", "should", "believes", "predicts", "potential", "continue", and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company's expectations with respect to future performance, growth plans and anticipated financial impacts of its strategic opportunities and corporate transactions.</p>
    <p>These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Factors that may cause such differences include, but are not limited to: (1) the inability to maintain the listing of the Company's shares of common stock on Nasdaq; (2) the risk that the Company's completed or proposed transactions disrupt the Company's current plans and/or operations, including the risk that the Company does not complete any such proposed transactions or achieve the expected benefits from any transactions; (3) the ability to recognize the anticipated benefits of corporate transactions, commercial collaborations, cost reduction initiatives and proposed transactions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, and the Company's ability to retain its key employees; (4) costs related to being a public company, corporate transactions, commercial collaborations and proposed transactions; (5) changes in applicable laws or regulations; (6) the possibility that the Company may be adversely affected by global hostilities, supply chain delays, inflation, interest rates, tariffs, foreign currency exchange rates or other economic, business, and/or competitive factors; (7) risks relating to the uncertainty of the projected financial information of the Company, including changes in the Company's estimates of cash flows and the fair value of certain of its intangible assets, including goodwill; (8) risks related to the organic and inorganic growth of the Company's businesses, and the timing of expected business milestones; (9) changing demand or shopping patterns for the Company's products and services; (10) failure of licensees, suppliers or other third-parties to fulfill their obligations to the Company; (11) the Company's high concentration of licensing revenue from a small number of licensees; (12) the Company's ability to comply with the terms of its indebtedness and other obligations; (13) changes in financing markets or the inability of the Company to obtain financing on attractive terms; and (14) other risks and uncertainties indicated from time to time in the Company's Annual Report on Form 10-K, including those under "Risk Factors" therein, and in the Company's other filings with the Securities and Exchange Commission. The Company cautions that the foregoing list of factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of the date which they were made. The Company does not undertake any obligation to update or revise any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.</p>
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    <h2>Investor Relations Contacts</h2>
    <p><strong>Investor Relations Contact:</strong><br/>Lucas A. Zimmerman<br/>Managing Director<br/>MZ Group - MZ North America<br/>+1 (949) 259-4987<br/>PLBY@mzgroup.us or <a href="mailto:investors@playboy.com">investors@playboy.com</a></p>
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    <h2>Public Relations Contact</h2>
    <p><strong>Public Relations Contact:</strong> press@playboy.com</p>
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Playboy announced the appointment of Jennifer Cabalquinto to its Board as an independent director, restoring Nasdaq independence requirements. Her CFO and governance background spans 2K, Golden State Warriors Sports, LLC, and media-related governance, which the company says will support growth in licensing, media, experiences, and Honey Birdette. The move signals strengthened governance ahead of strategic opportunities.

Playboy Welcomes Jennifer Cabalquinto to its Board of Directors

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Market-Moving

Key Facts

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