Mattel Inc. (NASDAQ: MAT) issued a statement regarding a letter from shareholder Southeastern Asset Management Inc. to the toy company's board of directors.

The El Segundo, California-based company said it maintains ongoing communication with shareholders and appreciates Southeastern's continued engagement, including conversations held this year. Mattel stated its board of directors and management team are committed to acting in the best interests of all shareholders.

The board regularly reviews the company's strategy, performance and opportunities to enhance long-term value, and will continue to consider the views expressed in Southeastern's letter, according to the statement.

Mattel said it remains focused on executing its strategy to grow its intellectual property-driven play and family entertainment business to create long-term shareholder value. The company owns brands including Barbie, Hot Wheels, Fisher-Price and American Girl.

The statement did not disclose the specific contents or recommendations contained in Southeastern Asset Management's letter to the board.