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THE TOPPS COMPANY, INC. (Exact name of registrant as specified in its charter) . Topps Physical Sports & Entertainment products include Major League Baseball, Major League Soccer, UEFA Champions League, Bundesliga, National Hockey League, Formula 1, Star Wars, WWE, Wacky Packages, Garbage Pail Kids, Mars Attacks and more. While it may be difficult to narrow down the focus of your company in a single statement, here are some tips to help you write a good mission statement. A value statement often includes actionable direction such as "taking ownership", "acting ethically", "doing what is right", or "being transparent." Other members who also raced include Jack Carmody, Craig Edwards, Grant Greytok and Loyd Thornton just to name a few. Mission definition. When done wrong, a mission statement is just another line of jargon everyone pretty much ignores. Alternatively, a slogan is a very pointed marketing phrase used to be memorable even if it is less informative. To put my studies first, above everything else. Such forward-looking statements may include estimated financial information, including with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of MUDS, Topps or the combined company after completion of the proposed business combination, and are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. After careful consideration, the Board of Directors for MUDS recommends that its stockholders vote FOR the proposed business combination. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. Narrow down your choices. A personal mission statement can help you identify your values and goals, defining what matters most to you professionally. $19.99. Founded in 1938 as a chewing gum company, Topps released their first baseball card set in 1951. A club name, logo, set of bylaws, and the election of officers soon followed. $19.99. It also helps the organization focus and stay on track to make the right decisions about its future. Mission statements encapsulate your company's priorities and describe how you will accomplish your vision. 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. Work with a passionate, confident and humble team. The forward-looking statements in this press release speak as of the date of its filing. With our strong first quarter results, I am pleased to report that we have meaningfully raised our full year 2021 net sales and Adjusted EBITDA* targets.. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of MUDS stockholders in connection with the proposed business combination will be set forth in MUDS proxy statement when it is filed with the SEC. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, toppsnfts.com, Candymania.com, investors.thetoppscompany.com. In general, the mission statement writing process should start with considering what a business does for the customers, employees, and general public. A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. Maybe you value quality, customer service, or being sustainable. 100% Reach. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. TOPS [ONE] is a platform that serves all of the stakeholders of your community association's ecosystem. 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. Because a company's mission statement is often pretty short, it is easy to incorporate into marketing material. It's often best to begin by collecting more content than needed, then later refining the mission statement into a single sentence. Not for profit refers to a type of organization or enterprise that does not earn profits for its owners. When done right, your company's mission statement acts as a powerful driver that informs every aspect of your organization, from daily operations, to customer loyalty, to employee satisfaction. Additional information regarding MUDS may be found at: www.MudrickCapitalAcquisitionCorp.com. Topps Confections, Bazooka Candy Brands, produces, markets and distributes confections brands including Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, Finders Keepers, and Bazooka bubble gum. It should be limited to one sentence, though it shouldn't be too limiting as it should encompass the entire company's purpose. Your mission, should you choose to accept it A mission statement should represent your purpose and reflect who you are; it should be no more than a single sentence, and it should be easily understood and easily remembered. NEW YORK, April 06, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc. ("Topps" or "the Company"), a global leader in sports and entertainment collectibles and confections, and Mudrick Capital. TOPPS mission statement in part was to promote offshore racingand did it ever! 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. Participants in the SolicitationMUDS, Topps and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from MUDS stockholders in connection with the proposed business combination. 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. Management may become too distracted with high-level targets that shorter-term, necessary steps to get there become neglected. 29. by Topps. Mission statement tells us about the company's objectives, goals, and how will they achieve it. About Mudrick Capital Acquisition Corporation IIMUDS is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Topps Confections, Bazooka Candy Brands, produces, markets and distributes confections brands including Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, Finders Keepers, and Bazooka bubble gum. A good mission statement also focuses on the long-term goal it wishes to deliver to customers. Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, plant and equipment and intangible assets, Unrealized loss on derivative instruments, net. 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. With a mission statement, a company's customers and investors can rest assured that the company is fully committed to achieving its goals and maintaining its values. The improvement mainly reflected a mix shift of net sales to e-commerce in Physical Sports & Entertainment and the improved profitability of Sports & Entertainment, partially offset by higher freight costs and a mix shift to higher cost products in Confections. 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. From the outside looking in, a mission statement demonstrates that a company has considered the big picture and the major goals it wants to accomplish. A reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. If your mission statement doesn't inspire you, you need to Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. Participants in the SolicitationMUDS, Topps and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from MUDS stockholders in connection with the proposed business combination. Heritage's director of sports auctions, said in a statement . Gary Gibson was elected TOPPS first President, Max Westerfield became TOPPS second President and the club saw a quick rise in membership throughout its first decade with members boats topping 105 in numbers. 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. In the marketplace, and create a powerful connection with consumers around the world. The Texas Offshore Performance Squadron (TOPPS) was formed in 1985 in Clear Lake, Texas by a small group of high performance boating enthusiasts, many of whom had graduated from hot rod lake and drag boatsnot to mention hot cars! After you've drafted it, remember to look it over, edit it, and have someone else give it a once over. 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. In addition, it's a perfect introduction for someone who has never heard of your company or wants to know more. For additional information visit topps.com, play.toppsapps.com, toppsdigitalservices.com, Candymania.com, investors.thetoppscompany.com. What is Topp Company Mission Statement? The overall more positive outlook assumes no additional global supply chain disruptions caused by the COVID-19 pandemic. * A powerful collection of mission statements selected from the most successful businesses and recognizable brands in North America. It attempts to succinctly explain why a company exists and what its purpose is. Next, describe the way in which your company does what it does. Corporate culture refers to the beliefs and behaviors that determine how a company's employees and management interact. It should not be an impossible statement. Supplemental disclosures of cash flow information: Income taxes paid, net of refunds received, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESRECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO NET INCOME(Amounts in thousands)(unaudited). They can also represent your company's culture and philosophy through humor, emotion or shock value. Investor ContactTom Filandro and Brendon Frey, ICR, Inc.ToppsIR@icrinc.com, Media Contact Keil Decker, ICR, Inc.ToppsPR@icrinc.com, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in thousands, except share data), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(Amounts in thousands)(unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands) (unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in thousands)(unaudited), TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIESRECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO NET INCOME(Amounts in thousands)(unaudited). There were many TOPPS members who also raced the national offshore circuit and several were inducted into the APBA Hall of Fame including Red Adair, Curtis Morris, Bill Westberry, Curt Harbor and Rodney Rudell. 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 latter outlines what the company needs to do to remain the way it has presented itself to be. The company makes basketball cards as the official licensed trading card publisher for the NBA; it offers NFL cards through shared rights with rival Upper Deck. These factors include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could result in the proposed business combination not being completed at all or on the expected timeline, including as a result of the termination of the definitive documentation with respect to the proposed business combination or the failure to obtain approval of MUDS stockholders or other conditions to closing in the definitive documentation with respect to the proposed business combination; (2) the outcome of any legal proceedings that may be instituted against MUDS or Topps or any of their respective directors or officers, following the announcement of the proposed business combination (3) the ability to meet applicable NASDAQ listing standards; (4) the risk that the proposed business combination disrupts current plans and operations of Topps business as a result of the announcement and consummation of the proposed business combination; (5) the inability to complete the private placement (6) changes in domestic and foreign business, market, financial, political and legal conditions; (7) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the proposed business combination; (9) changes in applicable laws or regulations; (10) the impact of the global COVID-19 pandemic on any of the foregoing risks; and (11) other risks and uncertainties indicated from time to time in the proxy statement relating to the proposed business combination, including those under Risk Factors therein, and other documents filed or to be filed with the SEC by MUDS. 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. Describe how the company operates. SG&A in the second quarter of 2021 was $39.1 million, or 18.4% of net sales, compared to $26.4 million, or 22.1% of net sales in the second quarter of 2020. *Non-GAAP measure; complete definitions of Topps non-GAAP measures are provided herein under Non-GAAP Financial Measures.. 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. Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. A mission statement does not explain what a company does or how it does it. The statement reveals what the company does, how it does it, and why it does it. A mission statement is a declaration of what your company does and why it exists. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. Work with a passionate, confident and humble team. These documents can be obtained free of charge from the sources indicated above. 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. 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. In addition, be mindful to periodically review your mission statement. 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. 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. These further adjustments for the periods presented in this press release include sponsor fees, transaction and refinancing costs, losses on sales of subsidiaries, foreign currency transaction costs and othernon-cash,non-recurringornon-corecosts. Net income for the second quarter of 2021 was $36.3 million, an increase of 176.4% compared to $13.1 million in the second quarter of 2020. A slogan is a very brief, often memorable phrase that people primarily outside of your company can remember. 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.". Here are some other types of content and how they vary from a mission statement. In order to create a statement that's truly aspirational and inspiring, you're going to need to do a little bit of work. For example, vision statement of Accenture is "To become one of the world's leading companies, bringing innovations to improve the way the world works and lives.". In short, a mission statement can serve as a roadmap of strategic planning to work toward the company's vision statement. These personal mission statements often incorporate the financial, professional, spiritual, and relational aspects of life. These statements serve a dual purpose . Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of MUDS stockholders in connection with the proposed business combination is set forth in MUDS proxy statement filed with the SEC. Topshop mission and vision statements help define what the company is working towards and how it remains to be one of the most successful companies in the world. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. About The Topps CompanyFounded in 1938, The Topps Company, Inc. is a global consumer products company that entertains and delights consumers through a diverse, engaging, multi-platform product portfolio that includes physical and digital collectibles, trading cards, trading card games, sticker and album collections, memorabilia, curated experiential events, gift cards and novelty confections. TOPP's Mission Statement: TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. 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. 8th-grade reading level. Business Combination On July 30, 2021, MUDS (NASDAQ: MUDS), a publicly-traded special purpose acquisition company, filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (SEC) in connection with the proposed business combination between MUDS and Topps. 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. 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. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. 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. 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. Whereas a mission statement describes the highest level of purpose, a vision statement starts to describe how that purpose will be achieved. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. 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 reconciliation between the GAAP and non-GAAP measures is provided at the end of this press release. 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. Mission statements serve several purposes, including motivating employees and reassuring investors of the company's future. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. 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. Tornante invests in, acquires, and operates media and entertainment companies. Panini America, formerly Donruss Playoff, publishes sports trading cards under the names Donruss, Playoff, and Score. It makes decision-making easier as well, as it clarifies whether the decisions you're making are in alignment with what you want for your life. 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. A companys mission is its identity, and its vision is its journey to accomplishing its mission. Fun office atmosphere. He teaches accounting, helping promote financial education and awareness. 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. In general, a company's goals are often even more specific, potentially referring to specific business lines, growth percentages, geographical regions, or new initiatives. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. Topps believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Topps financial condition and results of operations. 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. 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. by Topps and Disney Collect! Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Topps believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Topps financial condition and results of operations.