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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>The Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>September 20, 2012 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; padding-top: 12pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; font-weight: bold; text-align: center">JAKKS PACIFIC, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-top: 6pt; text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-top: 6pt; text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-top: 6pt; text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0"><B>Delaware</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0"><B>0-28104</B></TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0"><B>95-4527222</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; text-align: center; padding-right: 0; text-indent: 0">(State or other jurisdiction</TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">(Commission</TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0; text-align: center; padding-right: 0; text-indent: 0">of incorporation)</TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">File Number)</TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 67%; padding-top: 12pt; font-weight: bold; text-align: center">22619 Pacific Coast Highway, Malibu, California</TD>
    <TD STYLE="width: 33%; padding-top: 12pt; font-weight: bold; text-align: center">90265</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B>(310) 456-7799</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 74.8pt; text-indent: -74.8pt"><FONT STYLE="color: black"><B>Item
5.02. </B></FONT><B>Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory
Arrangements of Certain Officers. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On September
20, 2012, in connection with our entry into agreements dated September 10, 2012 with NantWorks LLC to form DreamPlay Toys LLC
and DreamPlay LLC, all Delaware limited liability companies, we entered into Amendment Number One to Mr. Stephen
G. Berman&rsquo;s Second Amended and Restated Employment Agreement dated November 11, 2012 (as clarified by a letter dated October 20, 2011); DreamPlay Toys LLC will develop, market and sell toys and consumer products
incorporating NantWorks&rsquo; proprietary iD (iDream) image recognition technology and DreamPlay LLC&rsquo;s business is the
extension of such image recognition technology to non-toy consumer products and applications. The term of Mr.
Berman&rsquo;s employment agreement has been extended to December 31, 2018 and provides (i) that commencing on January 1,
2013 the amount of the annual restricted stock award shall increase to up to $3.5M, with the vesting of each annual grant to
be determined by the Compensation Committee based upon performance criteria it establishes during the first quarter of the
year of grant; (ii) commencing with 2013 Mr. Berman can earn an annual performance bonus described below. Part of the annual
performance bonus in an amount not exceeding 300% of that year&rsquo;s base salary can be earned based upon financial and
non-financial factors determined annually by the Compensation Committee during the first quarter of each year. The other part
of the additional annual performance bonus can be earned in an amount equal to one-half of the cash distributions we receive
from DreamPlay LLC, subject to satisfaction of the following three conditions: (1) we have positive net income after
deducting the aggregate annual performance bonus, (2) the aggregate annual performance bonus cannot exceed 2.9% of our net
income for such year except that if our net income exceeds $385,000 for the year the percentage limitation shall be reduced
to 1% and if our net income for the year exceeds $770,000 the percentage limitation is reduced to 0.5% and (3) we have
received an aggregate of at least $15 million of net income from DreamPlay Toys LLC and DreamPlay LLC. The amendment also
provides (i) that the portion of the annual performance bonus up to amount equal to 200% of that year&rsquo;s base salary
shall be paid in cash, and any excess over 200% of such base salary shall be paid in shares of restricted stock vesting in
equal quarterly installments with the initial installment vesting upon grant and the balance over three years following the
award date; (ii) for a life insurance policy of $5 million or such lesser amount we can obtain for an annual premium of up to
$10,000; (iii) for the reimbursement of legal fees in negotiating this amendment of up to $25,000, (iv) that the full amount
of the payments and benefits payable in the event of a Change in Control (as defined in the employment agreement) shall be
paid, even if it triggers an excise tax imposed by the tax code if the net after-tax amount would still be greater than
reducing the total payments and benefits to avoid such excise tax, and (vi) the term &ldquo;Good Reason Event&rdquo; has been
expanded to include a change in the composition of our board of directors where the majority of the directors were not in
office on September 15, 2012. .</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing is only
a summary of certain of the terms of the amendment number one to employment agreement. For a complete description, a copy of such
amendment is annexed herein in its entirety as an exhibit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9.01. Financial Statements and Exhibits</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 28%; font-weight: bold; text-decoration: underline; text-align: center">Exhibit</TD>
    <TD STYLE="width: 72%; font-weight: bold; text-decoration: underline">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.1</TD>
    <TD>Amendment Number One to Second Amended and Restated Employment Agreement between the Company and Stephen G. Berman, dated September 21, 2012</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 239.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 22.55pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-align: right; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 40%; padding-right: 0; padding-left: 0; text-indent: 0">JAKKS PACIFIC, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">Dated:&nbsp; September 25, 2012</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0">By: <U>/s/ JOEL M. BENNETT </U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Joel M. Bennett, CFO</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT INDEX</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 28%; font-weight: bold; text-decoration: underline; text-align: center">Exhibit</TD>
    <TD STYLE="width: 72%; font-weight: bold; text-decoration: underline">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">10.1</TD>
    <TD>Amendment Number One to Second Amended and Restated Employment Agreement between the Company and Stephen G. Berman, dated September 21, 2012</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 20, 2012
JAKKS PACIFIC, INC.
(Exact name of registrant as specified in its charter)
Delaware
0-28104
95-4527222
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
22619 Pacific Coast Highway, Malibu, California
90265
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including
area code:
(310) 456-7799
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
Item
5.02.
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory
Arrangements of Certain Officers.
On September
20, 2012, in connection with our entry into agreements dated September 10, 2012 with NantWorks LLC to form DreamPlay Toys LLC
and DreamPlay LLC, all Delaware limited liability companies, we entered into Amendment Number One to Mr. Stephen
G. Berman's Second Amended and Restated Employment Agreement dated November 11, 2012 (as clarified by a letter dated October 20, 2011); DreamPlay Toys LLC will develop, market and sell toys and consumer products
incorporating NantWorks' proprietary iD (iDream) image recognition technology and DreamPlay LLC's business is the
extension of such image recognition technology to non-toy consumer products and applications. The term of Mr.
Berman's employment agreement has been extended to December 31, 2018 and provides (i) that commencing on January 1,
2013 the amount of the annual restricted stock award shall increase to up to $3.5M, with the vesting of each annual grant to
be determined by the Compensation Committee based upon performance criteria it establishes during the first quarter of the
year of grant; (ii) commencing with 2013 Mr. Berman can earn an annual performance bonus described below. Part of the annual
performance bonus in an amount not exceeding 300% of that year's base salary can be earned based upon financial and
non-financial factors determined annually by the Compensation Committee during the first quarter of each year. The other part
of the additional annual performance bonus can be earned in an amount equal to one-half of the cash distributions we receive
from DreamPlay LLC, subject to satisfaction of the following three conditions: (1) we have positive net income after
deducting the aggregate annual performance bonus, (2) the aggregate annual performance bonus cannot exceed 2.9% of our net
income for such year except that if our net income exceeds $385,000 for the year the percentage limitation shall be reduced
to 1% and if our net income for the year exceeds $770,000 the percentage limitation is reduced to 0.5% and (3) we have
received an aggregate of at least $15 million of net income from DreamPlay Toys LLC and DreamPlay LLC. The amendment also
provides (i) that the portion of the annual performance bonus up to amount equal to 200% of that year's base salary
shall be paid in cash, and any excess over 200% of such base salary shall be paid in shares of restricted stock vesting in
equal quarterly installments with the initial installment vesting upon grant and the balance over three years following the
award date; (ii) for a life insurance policy of $5 million or such lesser amount we can obtain for an annual premium of up to
$10,000; (iii) for the reimbursement of legal fees in negotiating this amendment of up to $25,000, (iv) that the full amount
of the payments and benefits payable in the event of a Change in Control (as defined in the employment agreement) shall be
paid, even if it triggers an excise tax imposed by the tax code if the net after-tax amount would still be greater than
reducing the total payments and benefits to avoid such excise tax, and (vi) the term "Good Reason Event" has been
expanded to include a change in the composition of our board of directors where the majority of the directors were not in
office on September 15, 2012. .
The foregoing is only
a summary of certain of the terms of the amendment number one to employment agreement. For a complete description, a copy of such
amendment is annexed herein in its entirety as an exhibit.
Item 9.01. Financial Statements and Exhibits
(d)       Exhibits
Exhibit
Description
10.1
Amendment Number One to Second Amended and Restated Employment Agreement between the Company and Stephen G. Berman, dated September 21, 2012
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
JAKKS PACIFIC, INC.
Dated:  September 25, 2012
By:
/s/ JOEL M. BENNETT
Joel M. Bennett, CFO
EXHIBIT INDEX
Exhibit
Description
10.1
Amendment Number One to Second Amended and Restated Employment Agreement between the Company and Stephen G. Berman, dated September 21, 2012