Connect with clients Customers hire companies with whom they find a connection. Finally, include why you do what you do in your mission statement. What is a Mission Statement? Definition & Examples In general, the mission statement writing process should start with considering what a business does for the customers, employees, and general public. Utter a great slogan such as "Just Do It" can invoke memories, commercials, logos, brand ambassadors, and emotions through a successful ad campaign. The Topps Company Inc Company Profile | New York, NY | Competitors It's often best to begin by collecting more content than needed, then later refining the mission statement into a single sentence. PDF Mission Statements - TOPS Club Maybe you value quality, customer service, or being sustainable. Upon closing of the transaction, the combined company will be named Topps Companies, Inc. and will be listed on NASDAQ under the new ticker symbol TOPP.. A company's mission statement should drive the goals that are set. The statement is generally short, either a single sentence or a short paragraph. Please see the reconciliation of non-GAAP financial measures to the most closely comparable GAAP measures at the end of this press release. The Topps Company, Inc, Net Sales Increased 55.3%Net Income Growth of $23.0 Million to $23.4 MillionAdjusted EBITDA* Growth of $23.0 Million to $35.9 MillionRaises Full Year 2021 Outlook. 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. | Source: Long range vision has been the driving force behind the success to TOPP Industries. Microsoft's mission statement is: "Our mission is to empower every person and every organization on the planet to achieve more.". Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by net sales. A mission statement representing an idea aligning with an in-demand and prospective employee helps secure this individual's interest and services. 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. A good mission statement also focuses on the long-term goal it wishes to deliver to customers. It helps you stand out as a business, highlighting what sets you apart from the others in your industry. Identify important stakeholders. MUDS stockholders and other interested persons are advised to read 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. 03. 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. Topps | Baseball Cards Wiki | Fandom A companys mission statement defines its culture, values, ethics, fundamental goals, and agenda. 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 other non-cash, non-recurring or non-core costs. 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. MUDS has scheduled a special meeting in lieu of its 2021 annual meeting of stockholders (the Special Meeting) to vote on the proposed transaction with Topps and related matters for August 25, 2021 at 10:00 a.m. 54 Powerful Mission Statement Examples | Indeed.com $14.99. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. 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 SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share data), Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Common stock, $0.01 par value; 1,000 shares authorized; 100 shares issued and outstanding as of July 3, 2021 and January 2, 2021, Total liabilities and stockholders equity, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Amounts in thousands) (unaudited), Selling, general and administrative expenses, Unrecognized pension and postretirement benefit (costs), net of income taxes, TOPPS INTERMEDIATE HOLDCO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in thousands) (unaudited). TOPS Mission Statement. Although a mission statement is brief, it is longer and relatively more detailed compared to a slogan. Every company should have a precise statement of purpose that gets people excited about what the company does and motivates them to become part of the organization. Topps Digital Sports & Entertainment has connected with people around the world who have downloaded our apps including Topps BUNT, TOPPS KICK, Star Wars: Card Trader by Topps, Topps WWE SLAM, Topps NHL SKATE, Marvel Collect! How to Write a Mission Statement in 5 Steps - with Examples - Wix Blog It often includes a general description of the organization, its function, and its objectives. Topps Living Set Fine Art Print #599 - Michael Harris II. 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. 2 to the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on May 10, 2021. in definitive proxy or information statements incorporated by reference in Part III of this form 10-K or any amendment of this Form 10-K. ; Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer 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. These hot rod boating enthusiasts were not to be denied. 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! The resources spent on a bad mission statement could be better spent elsewhere, creating an opportunity loss. 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. This includes its marketing materials, engagement in community events, reviews from current and former employees, and its logo presence. All of your company's strategic steps should align with its mission. 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. A mission statement is used by a company to explain, in simple and concise terms, its purpose(s) for being. How To Write a Good Mission Statement (With Examples) A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. Parents and caregivers Explore parental leave policies and other benefits, company culture and general support. A good mission statement is concise. 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. Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Common stock, $0.01 par value; 1,000 shares authorized; 100 shares issued, Total liabilities and stockholders equity, Selling, general and administrative expenses, Interest expenses, net of interest income, Unrecognized pension and postretirement cost, net of income taxes, Adjustments to reconcile net income to net cash used in operating, Depreciation and amortization of property, plant and equipment and, Unrealized loss on derivative instruments, net. Describe how the company operates. 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 should have the following characteristics : 1) Feasibility : A good mission statement should always be a wide-ranging goal, but it should also be achievable. Investopedia requires writers to use primary sources to support their work. The forward-looking statements in this press release speak as of the date of its filing. 2020 Pro Forma Adjusted EBITDA* and 2021 Adjusted EBITDA* include estimated public company costs of $9 million. $19.99. 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. The increase was primarily due to higher employee-related costs in the second fiscal quarter of 2021 compared to the second fiscal quarter of 2020, which had lower marketing and employee-related costs primarily due to cost reductions associated with the COVID-19 pandemic. Stockholders of record as of June 30, 2021 will be entitled to vote at the Special Meeting. TOPP Industries, Inc. is committed to its customers and its product, and realizes that quality, price, and selection is its main responsibility. The company owns Topps and Portsmouth Football Club, of the English Football League, and has created critically acclaimed series such as Undone for Amazon Studios, BoJack Horseman and Tuca and Bertie for Netflix, and NOS4A2, an AMC Original Series. In the marketplace, and create a powerful connection with consumers around the world. In order to keep up with today's high competitive market, the quality of our product must surpass the industry standards. 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. 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. TOPP offers quality sewage basins, sump basins and wastewater basins made of fiberglass and polyethylene that provide answers for both budget and performance. 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. 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. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. 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 preliminary proxy statement with the SEC on May 12, 2021 relating to the proposed business combination, which has since been amended. 70 Best Personal Mission Statement Examples - Rigorous Themes Students' Personal Mission Statement Examples. 2023 Throwback Thursday Set #8 - 1960 Topps Sophomores. Raises Full Year 2021 OutlookNet Sales Increased 77.7% to $212.2 Million Net Income Increased 176.4% to $36.3 MillionAdjusted EBITDA* Increased 144.0% to $55.1 Million. 2016 Topps Star Wars Rogue One: Mission Briefing Checklist Topps' method of determining these non-GAAP measures may be different from other companies' methods and, therefore, may not be comparable to those used by other companies and Topps does not recommend the sole use of these non-GAAP measures to assess its financial performance. We also reference original research from other reputable publishers where appropriate. After you've approved it, you'll need to find a way to incorporate it wherever you can. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. by Topps and Disney Collect! The reconciliation presented above reconciles the non-GAAP financial measure Adjusted EBITDA to the GAAP financial measure net income for the thirteen weeks ended April 3, 2021 and the fourteen weeks ended April 4, 2020. . Mission and vision statements play three critical roles: (1) communicate the purpose of the organization to stakeholders, (2) inform strategy development, and (3) develop the measurable goals and objectives by which to gauge the success of the organization's strategy. Many successful individuals, professionals, and investors have taken the time to craft a personal mission statement. Narrow down your choices. 04. Mission statements serve a dual purpose by helping employees remain focused on the tasks at hand, and encouraging them to find innovative ways of moving toward increasing their productivity with the eye to achieving company goals. It is not uncommon for large companies to spend many years and millions of dollars to develop and refine their mission statements. No offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. Whether it's at a networking event, social gathering, or bus ride to work, a mission statement is an easy way to captivate a stranger's interest in your company should they ask what your company does. Mission statements encapsulate your company's priorities and describe how you will accomplish your vision. Brand management is a marketing function that uses brand management techniques to increase the perceived value of a product line or brand over time. 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. To set my personal life aside and focus on achieving my goals regarding my education and building a solid career for myself. by Topps. Adjusted EBITDA margin is calculated by dividing Adjusted EBITDA by net sales. $14.99. Mission statement tells us about the company's objectives, goals, and how will they achieve it. A mission statement is an action-oriented statement declaring the purpose an organization serves to its audience. *Too short for readability grading, but clearly easy to understand. NEW YORK, June 22, 2021 (GLOBE NEWSWIRE) -- The Topps Company, Inc.(Topps or the Company), a global leader in sports and entertainment collectibles and confections, today announced financial results for the first quarter ended April 3, 2021. Here's our seven-step process to write a great vision statement: 1. The non-GAAP measures should not be considered in isolation from, or as an alternative to, financial measures determined in accordance with GAAP. Suzanne is a content marketer, writer, and fact-checker. 97% Reach. The Topps Company Raises 2021 Outlook and Announces Second Quarter 2021 The vision statement, meanwhile, should clarify the aspirations of the organization and define the direction it's heading in. In the examples below, some individuals may be skeptical of alternative sources of energy and may be scared away when learning of Tesla's mission statement. In some cases, mission statements eventually become household phrases. A vision statement defines at what position the company wishes to be in future. 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. We believe we are well positioned to capitalize on the many growth opportunities that exist for our business., Michael Eisner, Chairman of The Topps Company, commented, I am pleased with our fantastic start to 2021. 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. The forward-looking statements in this press release speak as of the date of its filing. TOPS [ONE] is a platform that serves all of the stakeholders of your community association's ecosystem. Fanatics Collectibles and Topps Announce Comprehensive College Trading 101 Mission Statements from Top Companies: Plus Guidelines for Writing A company may solicit employees to incorporate adding its mission statement as part of a company-wide standard e-mail signature block. 8th-grade reading level. However, it is more direct in guiding how decisions will be made and what will impact the daily culture of the organization. $19.99. Adjusted EBITDA* in the first quarter of 2021 increased 178.0% to $35.9 million with an Adjusted EBITDA* margin of 21.5% compared to Adjusted EBITDA* of $12.9 million with an Adjusted EBITDA* margin of 12.0% in the first quarter of 2020. Business Combination On May 12, 2021, Mudrick Capital Acquisition Corporation II (MUDS) (NASDAQ: MUDS), a publicly-traded special purpose acquisition company, filed its preliminary proxy statement with the Securities and Exchange Commission (the SEC) in connection with its proposed business combination with The Topps Company. A social entrepreneur is a person who pursues an innovative idea with the potential to solve a community problem. 1952 Topps Mickey Mantle card sells for $12.6 million, shattering record Other members who also raced include Jack Carmody, Craig Edwards, Grant Greytok and Loyd Thornton just to name a few. These entities can use this statement to align their goals with that of the company. What Is a Company Mission Statement? - Business News Daily 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. by Topps. Work with a passionate, confident and humble team. On that beautiful summer day setting on the upper deck a discussion took place on the subject of starting a High Performance Boat Club. 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. Net effect of changes in operating assets and liabilities: Accounts payable, accrued expenses and other current liabilities, Acquisitions of property, plant and equipment, Effect of exchange rate changes on cash and cash equivalents, (Decrease)/increase in cash and cash equivalents, Cash and cash equivalents - beginning of period, Cash and cash equivalents - end of period, Income taxes paid, net of refunds received, Non-cash and non-core (gains)/ losses, net, Net sales increased by $59.3 million, or 55.3%, to $166.6 million, Gross margin improved 200 basis points to 39.4%, Net income grew $23.0 million to $23.4 million, Adjusted EBITDA* grew $23.0 million to $35.9 million, Adjusted EBITDA margin* increased 950 basis points to 21.5%, Sports & Entertainment segment net sales increased 105.3% to $103.2 million, Physical Sports & Entertainment net sales increased 101.7%, Digital Sports & Entertainment net sales increased 111.1%, Sports & Entertainment segment Adjusted EBITDA increased 373.2% to $32.0 million generating an Adjusted EBITDA margin of 31.0% compared to 13.4%, Confections segment net sales increased 11.3% to $63.5 million, Confections segment Adjusted EBITDA was $10.7 million generating an Adjusted EBITDA margin of 16.9% compared to 19.9%. Next, describe the way in which your company does what it does. The Topps Company Mission, Vision & Values Are you in HR or Marketing for The Topps Company? In addition, it's a perfect introduction for someone who has never heard of your company or wants to know more. One method of brainstorming ideas of a mission statement is to think about personal experiences from the company. Stockholders, potential investors and other interested persons should read the proxy statement carefully when it becomes available before making any voting or investment decisions. TOPS Mission, Vision & Values | Comparably Although MUDS may from time to time voluntarily update its prior forward-looking statements, it disclaims any commitment to do so whether as a result of new information, future events, changes in assumptions or otherwise except as required by applicable securities laws. Topps does not provide a non-GAAP reconciliation for its forward-looking Adjusted EBITDA, as such reconciliation would rely on market factors and certain other conditions and assumptions that are outside of the companys control. In short, a mission statement can serve as a roadmap of strategic planning to work toward the company's vision statement.
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