Skip to main content

WEBTOON Entertainment Inc.

For the period ended Jun 4, 2025. Filed Apr 23, 2025.

View on SEC.gov

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Jun 4, 2025 · Filed Apr 23, 2025

WBTN$9.67+2.2%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Cover page

Show cover page

UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

SCHEDULE 14AProxy Statement Pursuant to Section 14(a) of theSecurities Exchange Act of 1934

Filed by the Registrant

Filed by a Party other than the Registrant

Check the appropriate box:

Preliminary Proxy Statement

Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

Definitive Proxy Statement

Definitive Additional Materials

Soliciting Material Pursuant to §240.14a-12

WEBTOON Entertainment Inc.

(Name of registrant as specified in its charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

No fee required.

Fee paid previously with preliminary materials.

Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

Notice of 2025 Annual

Meeting of Stockholders

MEETING DETAILS

Date & TimeWednesday, June 4, 2025, at 3:00 p.m. Pacific Daylight TimeLocationVirtually via live webcast by visiting http://www.virtualshareholdermeeting.com/WBTN2025Record DateApril 11, 2025

The 2025 Annual Meeting of stockholders of WEBTOON Entertainment Inc. (“WEBTOON” or the “Company”) will be held virtually on Wednesday, June 4, 2025, at 3:00 p.m. Pacific Daylight Time via live webcast (the “Annual Meeting”).

The webcast is designed to provide stockholders the opportunity to participate virtually to facilitate stockholder attendance and to provide a consistent experience to all stockholders, regardless of location. You will be able to attend the Annual Meeting, vote, and submit questions virtually via live webcast by visiting http://www.virtualshareholdermeeting.com/WBTN2025. To be admitted to the Annual Meeting webcast, you must enter the 16-digit control number found on the proxy card, voter instruction form or notice of internet availability you received. For further information on Annual Meeting logistics, see the section titled “Commonly Asked Questions and Answers About the Annual Meeting.”

The accompanying proxy statement (the “Proxy Statement”) provides information about the matters we will ask you to consider at the Annual Meeting, which are:

1to elect one nominee identified in the accompanying Proxy Statement to serve as a Class I director until the 2028 annual meeting of stockholders and until her successor is duly elected and qualified;
2to approve, on an advisory, non-binding basis, the compensation paid to the Company’s named executive officers;
3to approve, on an advisory, non-binding basis, the frequency of future advisory votes on named executive officer compensation;
4to ratify the appointment of Samil PricewaterhouseCoopers as the Company’s independent registered public accounting firm for the year ending December 31, 2025; and
5to transact other business as may properly come before the meeting or any adjournment of the meeting.

Stockholders of record as of the close of business on April 11, 2025, are entitled to vote. A list of stockholders entitled to vote at the meeting will be available for examination by any stockholder for any purpose relevant to the meeting during ordinary business hours for at least ten days prior to the date of the Annual Meeting, at 5700 Wilshire Blvd., Suite 220, Los Angeles, California 90036.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON JUNE 4, 2025The notice of Annual Meeting, the Proxy Statement and our Annual Report on Form 10-K for the year ended December 31, 2024 are available on our website at https://ir.webtoon.com. Additionally, you may access our proxy materials at www.ProxyVote.com.

The Notice of Internet Availability of proxy materials is first being delivered to the Company’s stockholders of record on or about April 23, 2025.

Every stockholder vote is important. Even if you plan to attend the Annual Meeting, we encourage you to vote promptly online, by telephone, or, if you received or requested paper copies of your proxy materials, by signing, dating, and returning your proxy card by mail, so that a quorum may be represented at the meeting.

By Order of the Board of Directors,

Maximilian Jo

General Counsel and Corporate Secretary

April 23, 2025

COMMONLY ASKED QUESTIONS AND ANSWERS ABOUT THE ANNUAL MEETING1
BOARD OF DIRECTORS AND CORPORATE GOVERNANCE6
PROPOSAL 1 - ELECTION OF DIRECTORS10
EXECUTIVE OFFICERS20
EXECUTIVE COMPENSATION22
DIRECTOR COMPENSATION40
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS44
EQUITY COMPENSATION PLAN INFORMATION47
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT48
PROPOSAL 2 - APPROVAL OF, ON AN ADVISORY, NON-BINDING BASIS, THE COMPENSATION PAID TO THE COMPANY’S NAMED EXECUTIVE OFFICERS50
PROPOSAL 3 - APPROVAL OF, ON AN ADVISORY, NON-BINDING BASIS, THE FREQUENCY OF FUTURE ADVISORY VOTES ON NAMED EXECUTIVE OFFICER COMPENSATION51
PROPOSAL 4 - RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM52
REPORT OF THE AUDIT COMMITTEE54
OTHER MATTERS55
WHERE TO FIND ADDITIONAL INFORMATION56
APPENDIX A: NON-GAAP FINANCIAL MEASURESA-1
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.