<PAGE>
As filed with the Securities and Exchange Commission on May 21, 1999
Registration No. 333-
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM S-8
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
_______________________
MATTEL, INC.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C>
Delaware 95-1567322
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
</TABLE>
333 Continental Boulevard
El Segundo, California 90245-5012
(310) 252-2000
(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)
____________________
The Learning Company, Inc. Long Term Equity Incentive Plan;
The Learning Company, Inc. 1996 Stock Option Plan;
The Learning Company, Inc. 1996 Non-Employee Director Stock Option Plan;
The Learning Company Incentive Stock Option, Nonqualified Stock Option and
Restricted Stock Purchase Plan--1990;
The Learning Company 1986 Stock Option Plan;
Softkey International Inc. 1994 Non-Employee Director Stock Option Plan;
Minnesota Educational Computing Corporation (MECC) Amended and Restated 1995
Stock Incentive Plan;
Minnesota Educational Computing Corporation (MECC) Amended and Restated 1991
Restricted Stock Purchase and Non-Qualified Option Plan;
Palladium Interactive, Inc. 1997 Stock Option Plan;
Palladium Interactive, Inc. 1996 Stock Option Plan;
Creative Wonders, Inc. 1997 Stock Option Plan;
Creative Wonders, Inc. 1994 Stock Option Plan;
1996 Employee and Consultant Stock Option Plan of Broderbund Software, Inc.;
Second Amended and Restated 1986 Employee and Consultant Stock Option Plan of
Broderbund Software, Inc.;
PF. Magic, Inc. 1992 Stock Plan;
TEC Direct, Inc. Stock Option Plan;
Microsystems Software, Inc. 1994 Incentive Stock Option Plan; and
Skills Bank Corporation Incentive Stock Option Plan.
(Full title of the plan)
____________________
Robert Normile, Esq.
Senior Vice President, General Counsel and Secretary
Mattel, Inc.
333 Continental Boulevard
El Segundo, California 90245-5012
(310) 252-2000
(Name, address, including zip code, and telephone number, including area code,
of agent for service)
____________________
Copies to:
James P. Beaubien, Esq.
Latham & Watkins
633 West 5th Street, Suite 4000
Los Angeles, California 90071
(213) 485-1234
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
====================================================================================================================================
Title of each class of securities Amount to be Proposed maximum offering Proposed maximum aggregate Amount of
to be registered registered(1) price per share(2) offering price(3) registration fee
<S> <C> <C> <C> <C>
Common Stock, par value
$1.00 per share (including the
Preference Share Purchase
Rights attached thereto)(4).. 8,894,610 shares $13.2825 $118,142,262 $32,843.55
4,999,628 shares $13.5793 $ 67,891,502 $18,873.84
285,000 shares $11.2444 $ 3,204,642 $ 890.89
111,085 shares $ 8.2385 $ 915,175 $ 254.42
12,959 shares $ 3.4535 $ 44,754 $ 12.44
505,598 shares $20.6958 $ 10,463,734 $ 2908.92
31,912 shares $ 8.8981 $ 283,956 $ 78.94
12,103 shares $ 1.7237 $ 20,862 $ 5.80
15,049 shares $ 6.0665 $ 91,295 $ 25.38
38,503 shares $ 6.7850 $ 261,243 $ 72.63
17,122 shares $ 3.1947 $ 54,699 $ 15.21
1,618,873 shares $28.3771 $ 45,938,994 $12,771.04
31,881 shares $ 2.7253 $ 86,884 $ 24.15
3,547 shares $10.2168 $ 36,239 $ 10.07
22,509 shares $ 1.6691 $ 37,569 $ 10.44
91,767 shares $ 4.6079 $ 422,854 $ 117.55
Total ================= ============ ==========
16,692,146 shares $247,896,664 $68,915.27
===================================================================================================================================
</TABLE>
(1) 16,692,146 shares of common stock issuable pursuant to various stock option
plans of The Learning Company, Inc., which plans are being assumed by Mattel
in connection with the merger of The Learning Company with and into Mattel
(the "Merger"), are being newly registered hereunder. The number of shares
issuable pursuant to such plans has been calculated pursuant to the exchange
ratio utilized in connection with the Merger. The newly registered shares
are comprised of: (A) 8,894,610 shares issuable pursuant to outstanding
grants under The Learning Company, Inc. Long Term Equity Incentive Plan
(the "LTIP"); (B) 4,999,628 shares issuable pursuant to outstanding grants
under The Learning Company, Inc. 1996 Stock Option Plan (the "1996 Plan");
(C) 285,000 shares issuable pursuant to outstanding grants under The
Learning Company, Inc. 1996 Non-Employee Director Stock Option Plan (the
"1996 Director Plan");(D) 111,085 shares issuable pursuant to outstanding
grants under The Learning Company Incentive Stock Option, Nonqualified Stock
Option and Restricted Stock Purchase Plan--1990 (the "1990 Plan"); (E)
12,959 shares issuable pursuant to outstanding grants under The Learning
Company 1986 Stock Option Plan (the "1986 Plan"); (F) 505,598 shares
issuable pursuant to outstanding grants under Softkey International Inc.
1994 Non-Employee Director Stock Option Plan (the "Softkey Plan"); (G)
31,912 shares issuable pursuant to outstanding grants under the Minnesota
Educational Computing Corporation (MECC) Amended and Restated 1995 Stock
Incentive Plan (the "MECC 1995 Plan"); (H) 12,103 shares issuable pursuant
to outstanding grants under the Minnesota Educational Computing Corporation
(MECC) Amended and Restated 1991 Restricted Stock Purchase and Non-Qualified
Option Plan (the "MECC 1991 Plan"); (I) 15,049 shares issuable pursuant to
outstanding grants under the Palladium Interactive, Inc. 1997 Stock Option
Plan and under the Palladium Interactive, Inc. 1996 Stock Option Plan (the
"Palladium Plans"); (J) 38,503 shares issuable pursuant to outstanding
grants under the Creative Wonders, Inc. 1997 Stock Option Plan (the "CW 1997
Plan"); (K) 17,122 shares issuable pursuant to outstanding grants under the
Creative Wonders, Inc. 1994 Stock Option Plan (the "CW 1994 Plan"); (L)
1,618,873 shares issuable pursuant to outstanding grants under the 1996
Employee and Consultant Stock Option Plan of Broderbund Software, Inc. and
under the Second Amended and Restated 1986 Employee and Consultant Stock
Option Plan of Broderbund Software, Inc. (the "Broderbund Plans"); (M)
31,881 shares issuable pursuant to outstanding grants under the PF. Magic,
Inc. 1992 Stock Plan (the "PF Magic Plan "); (N) 3,547 shares issuable
pursuant to outstanding grants under the TEC Direct, Inc. Stock Option Plan
(the "TEC Plan"); (O) 22,509 shares issuable pursuant to outstanding grants
under the Microsystems Software, Inc. 1994 Incentive Stock Option Plan (the
"Microsystems Plan"); and (P) 91,767 shares issuable pursuant to outstanding
grants under the Skills Bank Corporation Incentive Stock Option Plan (the
"Skills Bank Plan"). Pursuant to Rule 416 under the Securities Act of 1933,
as amended (the "Securities Act"), the amount registered hereunder includes
an indeterminate number of shares of our common stock that may be issued in
accordance with the provisions of such plans in connection with any anti-
dilution provisions or in the event of any change in the outstanding shares
of our common stock, including a stock dividend or stock split.
(2) Pursuant to Rule 457 of the Securities Act, the Proposed Maximum Offering
Price Per Share is based upon: (A) the weighted average exercise price per
share ($13.2825) of outstanding options for 8,894,610 shares under the LTIP;
(B) the weighted average exercise price per share ($13.5793) of outstanding
options for 4,999,628 shares under the 1996 Plan; (C) the weighted average
exercise price per share ($11.2444) of outstanding options for 285,000
shares under the 1996 Director Plan; (D) the weighted average exercise price
per share ($8.2385) of outstanding options for 111,085 shares under the 1990
Plan; (E) the weighted average exercise price per share ($3.4535) of
outstanding options for 12,959 shares under the 1986 Plan; (F) the weighted
average exercise price per share ($20.6958) of outstanding options for
505,598 shares under the Softkey Plan; (G) the weighted average exercise
price per share ($8.8981) of outstanding options for 31,912 shares under the
MECC 1995 Plan; (H) the weighted average exercise price per share ($1.7237)
of outstanding options for 12,103 shares under the MECC 1991 Plan; (I) the
weighted average exercise price per share ($6.0665) of outstanding options
for 15,049 shares under the Palladium Plans; (J) the weighted average
exercise price per share ($6.7850) of outstanding options for 38,503 shares
under the CW 1997 Plan; (K) the weighted average exercise price per share
($3.1947) of outstanding options for 17,122 shares under the CW 1994 Plan;
(L) the weighted average exercise price per share ($28.3771) of outstanding
options for 1,618,873 shares under the Broderbund Plans; (M) the weighted
average exercise price per share ($2.7253) of outstanding options for 31,881
shares under the PF Magic Plan; (N) the weighted average exercise price per
share ($10.2168) of outstanding options for 3,547 shares under the TEC Plan;
(O) the weighted average exercise price per share ($1.6691) of outstanding
options for 22,509 shares under the Microsystems Plan; and (P) the weighted
average exercise price per share ($4.6079) of outstanding options for 91,767
shares under the Skills Bank Plan. In all cases, the weighted average
exercise price per share has been calculated in accordance with the exchange
ratio utilized in connection with the Merger.
(3) Estimated solely for the purpose of calculating the registration fee
pursuant to Rule 457 of the Securities Act.
(4) Shares of our common stock being registered hereby are accompanied by
preference share purchase rights. Until the occurrence of specific
prescribed events, such rights are not exercisable, are evidenced by the
certificates for our common stock and will be transferred along with and
only with our common stock. Upon the occurrence of such prescribed events,
separate rights certificates will be issued representing one right for each
share of common stock held, subject to adjustment pursuant to anti-dilution
provisions.
<PAGE>
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents, which have been filed with the Securities and
Exchange Commission pursuant to Securities Exchange Act of 1934, as amended (the
"Exchange Act"), are hereby incorporated by reference in, and shall be deemed to
be a part of, this Registration Statement:
(a) Our Annual Report on Form 10-K for the year ended December 31, 1998;
(b) Our Quarterly Report on Form 10-Q for the quarterly period ended March
31, 1999;
(c) Our Current Reports on Form 8-K dated February 3, 1999, March 5, 1999,
April 8, 1999 and April 16, 1999 (two reports);
(d) The description of our common stock contained in our Current Report on
Form 8-K dated November 16, 1998;
(e) The description of our preference share purchase rights contained in
our Registration Statements on Form 8-A dated February 12, 1992 and on
Form 8-A/A dated March 9, 1992 and May 13, 1999;
(f) The Annual Report of The Learning Company, Inc. on Form 10-K and Form
10-K/A for the fiscal year ended January 2, 1999; and
(g) The Current Reports of The Learning Company, Inc. on Form 8-K and Form
8-K/A filed on January 11, 1999 and March 26, 1999 (3 reports).
All documents filed by Mattel pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters
all securities then remaining unsold are incorporated by reference in this
Registration Statement. Any statement contained in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a
statement contained herein, or in any subsequently filed document which also is
or is deemed to be incorporated by reference herein, modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute part of this Registration
Statement.
Item 4. Description of Securities.
Not applicable.
II-1
<PAGE>
Item 5. Interests of Named Experts and Counsel.
The validity of the issuance of the shares of common stock registered
hereby has been passed upon for Mattel by Robert Normile, Esq., Senior Vice
President, General Counsel and Secretary of Mattel.
Item 6. Indemnification of Directors and Officers.
Mattel has adopted provisions in its Restated Certificate of Incorporation
(the "Certificate"), which require Mattel to indemnify any and all persons whom
it has the power to indemnify pursuant to the Delaware General Corporation Law
(the "DGCL") against any and all expenses, judgments, fines, amounts paid in
settlement, and any other liabilities to the fullest extent permitted by the
DGCL.
The Certificate also empowers Mattel by action of its Board of Directors to
purchase and maintain insurance, at its expense, to protect itself and such
persons against any such expense, judgment, fine, amount paid in settlement or
other liability, whether or not Mattel would have the power to indemnify any
such individual under the DGCL.
In addition, Mattel's By-laws require that each person who was or is made a
party or is threatened to be made a party to or is involved in any action, suit
or proceeding, whether civil, criminal, administrative or investigative by
reason of the fact that he or she, or a person of whom he or she is the legal
representative, is or was a director, officer, employee or agent of Mattel or is
or was serving at the request of Mattel, a director, officer, employee or agent
of Mattel as a director, officer, employee or agent of another corporation or of
a partnership, joint venture, trust or other enterprise, including service with
respect to employee benefit plans, whether the basis of such proceeding is
alleged action in an official capacity as a director, officer, employee or
agent, or in any other capacity while serving as a director, officer, employee
or agent, shall be indemnified and held harmless by Mattel to the fullest extent
authorized by the DGCL, as the same exists or may hereafter be amended (but, in
the case of any such amendment, only to the extent that such amendment permits
Mattel to provide broader indemnification rights than said law permitted Mattel
to provide prior to such amendment) against all expense, liability and loss
(including attorneys' fees, judgments, fines, ERISA excise taxes or penalties
and amounts paid or to be paid in settlement) reasonably incurred or suffered by
such person in connection therewith and such indemnification shall continue as
to a person who has ceased to be a director, officer, employee or agent and
shall inure to the benefit of his or her heirs, executors and administrators;
provided, however, that except for claims by such persons for non-payment of
entitled indemnification claims against Mattel, Mattel shall indemnify such
person seeking indemnification in connection with a proceeding initiated by such
person only if such proceeding was authorized by Mattel's Board of Directors.
The By-laws specify that the right to indemnification so provided is a contract
right, set forth certain procedural and evidentiary standards applicable to the
enforcement of a claim under the By-laws, entitle the persons to be indemnified
to be reimbursed for the expenses of prosecuting any such claim against Mattel
and entitle them to have all expenses incurred in advance of the final
disposition of a proceeding paid by Mattel. Such provisions, however, are
intended to be in furtherance and not in limitation of the general right to
indemnification provided in the By-laws.
II-2
<PAGE>
Mattel has entered into indemnity agreements (the "Indemnity Agreements")
with each director of Mattel, including directors who are also officers and
employees of Mattel, and certain senior officers of Mattel. The Indemnity
Agreements provide that Mattel will pay any costs which an indemnitee actually
and reasonably incurs because of claims made against him or her by reason of the
fact that he or she is or was a director or officer of Mattel. The payments to
be made under the Indemnity Agreements include, but are not limited to, expenses
of investigation, judicial or administrative proceedings or appeals, damages,
judgments, fines, amounts paid in settlement, and attorneys' fees and
disbursements, except Mattel is not obligated to make any payment under the
Indemnity Agreements which Mattel is prohibited by law from paying as indemnity,
or where (a) indemnification is provided to an indemnitee under an insurance
policy, except for amounts in excess of insurance coverage, (b) the claim is one
for which an indemnitee is otherwise indemnified by Mattel, (c) final
determination is rendered in a claim based upon the indemnitee obtaining a
personal profit or advantage to which he or she is not legally entitled, (d)
final determination is rendered on a claim for an accounting of profits made in
connection with a violation of Section 16(b) of the Exchange Act, or similar
state or common law provisions, (e) the indemnitee was adjudged to be
deliberately dishonest, or (f) (with respect to a director) liability arises out
of a breach of certain of his or her fiduciary duties.
The directors and officers of Mattel and its subsidiaries are insured under
certain insurance policies against claims made during the period of the policies
against liabilities arising out of claims for certain acts in their capacities
as directors and officers of Mattel and its subsidiaries.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
4.1 The Learning Company, Inc. Long Term Equity Incentive Plan
(incorporated by reference to Exhibit 10.1 to The Learning
Company, Inc.'s Quarterly Report on Form 10-Q for the quarterly
period ended October 3, 1998).
4.2 The Learning Company, Inc. 1996 Stock Option Plan (incorporated
by reference to Exhibit 10.2 to The Learning Company, Inc.'s
Quarterly Report on Form 10-Q for the quarterly period ended July
4, 1998).
4.3 The Learning Company, Inc. 1996 Non-Employee Director Stock
Option Plan (incorporated by reference to Exhibit A to The
Learning Company, Inc.'s Definitive Proxy Statement filed October
24, 1997).
4.4 Softkey International Inc. 1994 Non-Employee Director Stock
Option Plan (incorporated by reference to Exhibit 10.7 to Softkey
International Inc.'s Annual Report on Form 10-K for the year
ended January 6, 1996).
+ 5.1 Opinion of Robert Normile, Esq.
II-3
<PAGE>
+ 23.1 Consent of PricewaterhouseCoopers LLP.
+ 23.2 Consent of Deloitte & Touche LLP.
+ 23.3 Consent of PricewaterhouseCoopers LLP.
+ 23.4 Consent of Robert Normile, Esq. (included in Exhibit 5.1).
+ 24.1 Power of Attorney with respect to Mattel (see page S-1).
_____________
+ Filed herewith.
Item 9. Undertakings.
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of
the Securities Act of 1933, as amended (the "Securities Act");
(ii) To reflect in the prospectus any facts or events arising
after the effective date of the registration statement (or the most recent post-
effective amendment thereof) which, individually or in the aggregate, represent
a fundamental change in the information set forth in the registration statement;
(iii) To include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement.
Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the
information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Securities and Exchange Commission by the registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.
II-4
<PAGE>
The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the registration statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
registrant of expenses incurred or paid by a director, officer, or controlling
person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in
the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities
Act and will be governed by the final adjudication of such issue.
II-5
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the
registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of El Segundo, State of California, on May 20, 1999.
MATTEL, INC.
By: /s/ Harry J. Pearce
--------------------------------
Name: Harry J. Pearce
Title: Chief Financial Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below on this Registration Statement hereby constitutes and appoints Jill E.
Barad, Ned Mansour, Robert Normile and John L. Vogelstein, their true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for them and in their name, place and stead, in any and all
capacities (unless revoked in writing) to sign any and all amendments to this
Registration Statement to which this power of attorney is attached, including
any post-effective amendments as well as any related registration statement (or
amendment thereto) filed in reliance upon Rule 462(b) under the Securities Act
of 1933, as amended, and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission,
granting to such attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite or necessary
to be done in connection therewith, as fully to all intents and purposes as they
might and could do in person hereby ratifying and confirming all that said
attorneys-in-fact and agents or any of them, or their substitute or substitutes,
may lawfully do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the date indicated.
<TABLE>
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
/s/ Jill E. Barad Chairman of the Board, President and May 21, 1999
- ------------------------------ Chief Executive Officer
Jill E. Barad
/s/ Harry J. Pearce Chief Financial Officer (Principal May 21, 1999
- ------------------------------ Financial Officer)
Harry J. Pearce
</TABLE>
S-1
<PAGE>
<TABLE>
<S> <C> <C>
/s/ Kevin M. Farr Senior Vice President and Corporate May 21, 1999
- ------------------------------ Controller (Principal Accounting
Kevin M. Farr Officer)
/s/ Dr. Harold Brown Director May 21, 1999
- ------------------------------
Dr. Harold Brown
/s/ Tully M. Friedman Director May 21, 1999
- ------------------------------
Tully M. Friedman
/s/ Joseph C. Gandolfo Director and President, Worldwide May 21, 1999
- ------------------------------ Manufacturing Operations
Joseph C. Gandolfo
/s/ Ronald M. Loeb Director May 21, 1999
- ------------------------------
Ronald M. Loeb
/s/ Ned Mansour Director, President, Corporate May 21, 1999
- ------------------------------ Operations and General Counsel
Ned Mansour
/s/ Dr. Andrea L. Rich Director May 21, 1999
- ------------------------------
Dr. Andrea L. Rich
/s/ William D. Rollnick Director May 21, 1999
- ------------------------------
William D. Rollnick
/s/ Pleasant T. Rowland Vice-Chairman of the Board and May 21, 1999
- ------------------------------ President, Pleasant Company
Pleasant T. Rowland
/s/ Christopher A. Sinclair Director May 21, 1999
- ------------------------------
Christopher A. Sinclair
/s/ John L. Vogelstein Director May 21, 1999
- ------------------------------
John L. Vogelstein
</TABLE>
S-2
<PAGE>
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
SEQUENTIALLY
NUMBERED
EXHIBIT DESCRIPTION
- ----------------------- ---------------------------------------------------------------------
<S> <C>
4.1 The Learning Company, Inc. Long Term Equity Incentive Plan
(incorporated by reference to Exhibit 10.1 to The Learning Company,
Inc.'s Quarterly Report on Form 10-Q for the quarterly period ended
October 3, 1998).
4.2 The Learning Company, Inc. 1996 Stock Option Plan (incorporated by
reference to Exhibit 10.2 to The Learning Company, Inc.'s Quarterly
Report on Form 10-Q for the quarterly period ended July 4, 1998).
4.3 The Learning Company, Inc. 1996 Non-Employee Director Stock Option
Plan (incorporated by reference to Exhibit A to The Learning Company,
Inc.'s Definitive Proxy Statement filed October 24, 1997).
4.4 Softkey International Inc. 1994 Non-Employee Director Stock Option
Plan (incorporated by reference to Exhibit 10.7 to Softkey
International Inc.'s Annual Report on Form 10-K for the year ended
January 6, 1996).
+ 5.1 Opinion of Robert Normile, Esq.
+23.1 Consent of PricewaterhouseCoopers LLP.
+23.2 Consent of Deloitte and Touche LLP.
+23.3 Consent of PricewaterhouseCoopers LLP.
+23.4 Consent of Robert Normile, Esq. (included in Exhibit 5.1).
+24.1 Power of Attorney with respect to Mattel (see page S-1).
</TABLE>
- ----------------------------
+ Filed herewith.
<PAGE>
EXHIBIT 5.1
[Letterhead of Robert Normile, Esq.]
May 21, 1999
Ladies and Gentlemen:
I am the Senior Vice President, General Counsel and Secretary of
Mattel, Inc., a Delaware corporation (the "Company"). I am delivering this
opinion in connection with the registration under the Securities Act of 1933, as
amended (the "1933 Act"), of (i) an aggregate of 16,692,146 shares of the common
stock (the "Shares"), $1.00 par value per share, of the Company, which are to be
offered and sold by the Company pursuant to the Plans (as defined below) and
(ii) the preference share purchase rights of the Company issuable together with
the Shares (the "Rights"). For purposes of this opinion, the "Plans" are: (a)
The Learning Company, Inc. Long Term Equity Incentive Plan; (b) The Learning
Company, Inc. 1996 Stock Option Plan; (c) The Learning Company, Inc. 1996 Non-
Employee Director Stock Option Plan; (d) Softkey International Inc. 1994 Non-
Employee Director Stock Option Plan; (e) The Learning Company Incentive Stock
Option, Nonqualified Stock Option and Restricted Stock Purchase Plan--1990; (f)
The Learning Company 1986 Stock Option Plan; (g) the Minnesota Educational
Computing Corporation (MECC) Amended and Restated 1995 Stock Incentive Plan; (h)
the Minnesota Educational Computing Corporation (MECC) Amended and Restated 1991
Restricted Stock Purchase and Non-Qualified Option Plan; (i) the Palladium
Interactive, Inc. 1997 Stock Option Plan; (j) the Palladium Interactive, Inc.
1996 Stock Option Plan; (k) the Creative Wonders, Inc. 1997 Stock Option Plan;
(l) the Creative Wonders, Inc. 1994 Stock Option Plan; (m) the 1996 Employee and
Consultant Stock Option Plan of Broderbund Software, Inc.; (n) the Second
Amended and Restated 1986 Employee and Consultant Stock Option Plan of
Broderbund Software, Inc.; (o) the PF. Magic, Inc. 1992 Stock Plan; (p) the TEC
Direct, Inc. Stock Option Plan; (q) the Microsystems Software, Inc. 1994
Incentive Stock Option Plan; and (r) the Skills Bank Corporation Incentive Stock
Option Plan (collectively, the "Plans").
This opinion is delivered in accordance with the requirements of Item
601(b)(5) of Regulation S-K under the 1933 Act in connection with the
Registration Statement on Form S-8 that relates to the proposed issuance and
sale of the Shares pursuant to the Plans (the "Registration Statement"). Such
Registration Statement is being filed with the Securities and Exchange
Commission (the "Commission") under the 1933 Act.
In rendering the opinion set forth herein, I have made such
investigations of fact and law, and examined such documents and instruments, or
copies thereof established to my satisfaction to be true and correct copies
thereof, as I have deemed necessary under the circumstances.
<PAGE>
Based on and subject to the foregoing and subject further to the
assumptions set forth below, I am of the opinion that, (i) the Shares, when
offered, sold and paid for pursuant to the terms and conditions of the
applicable Plans, will be duly authorized and validly issued, fully paid and
non-assessable and (ii) when the Rights issuable together with the Shares to be
issued pursuant to the Plans have been issued in accordance with the Rights
Agreement dated February 7, 1992 between the Company and The First National Bank
of Boston, as Rights Agent, as amended (the "Rights Agreement"), such Rights
will be validly issued and will be binding obligations of the Company entitled
to the benefits of the Rights Agreement.
I express no opinion other than on the laws of the State of California
and the General Corporation Law of the State of Delaware.
I hereby consent to the filing of this opinion as an exhibit to the
Registration Statement. In giving such consent, I do not thereby admit that I
am in the category of persons whose consent is required under Section 7 of the
1933 Act or the rules and regulations of the Commission thereunder.
Very truly yours,
/s/ Robert Normile
-------------------
Robert Normile, Esq.
Senior Vice President, General Counsel
and Secretary
<PAGE>
EXHIBIT 23.1
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of Mattel, Inc. our report dated February
1, 1999, which appears on page 52 of the 1998 Annual Report to Stockholders,
which is incorporated by reference in its Annual Report on Form 10-K for the
year ended December 31, 1998. We also consent to the incorporation by reference
of our report on the Financial Statement Schedule, which appears in such Annual
Report on Form 10-K.
/s/ PricewaterhouseCoopers LLP
- ------------------------------
PRICEWATERHOUSECOOPERS LLP
Los Angeles, California
May 20, 1999
<PAGE>
EXHIBIT 23.2
INDEPENDENT AUDITORS' CONSENT
We hereby consent to the incorporation by reference in this
Registration Statement on Form S-8 of Mattel, Inc. of our report dated February
4, 1997 (except for note 15, as to which the date is March 27, 1997) relating to
the consolidated financial statements of Tyco Toys, Inc. and subsidiaries, not
presented separately herein, appearing in Mattel, Inc.'s Annual Report on Form
10-K for the year ended December 31, 1998.
/s/ Deloitte & Touche LLP
- --------------------------------
Philadelphia, Pennsylvania
May 20, 1999
<PAGE>
EXHIBIT 23.3
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in this
registration statement of Mattel, Inc. on Form S-8 of our report dated March 26,
1999 relating to the financial statements and financial statement schedule,
which appears in The Learning Company, Inc.'s Annual Report on Form 10-K for the
fiscal year ended January 2, 1999.
/s/ PricewaterhouseCoopers LLP
- ------------------------------
PRICEWATERHOUSECOOPERS LLP
Boston, Massachusetts
May 20, 1999
