Hasbro Inc Stock Price, News & Analysis

Alta Fox Capital Management has engaged shareholders regarding Hasbro, Inc. (NASDAQ: HAS), highlighting the need for boardroom changes following five years of underperformance compared to the S&P 500. Despite the Annual Meeting's outcome, Alta Fox acknowledges positive developments such as the appointment of gaming-focused directors, increased transparency regarding acquisitions, and a renewed focus on corporate governance. Alta Fox, owning 2.5% of Hasbro's shares, plans to maintain dialogue to ensure accountability and drive shareholder value amidst changes under CEO Chris Cocks.

Hasbro, Inc. (NASDAQ: HAS) announced the preliminary results of its 2022 Annual Meeting of Shareholders, where all 13 board directors were re-elected by a significant margin. The company’s say-on-pay proposal and auditor ratification also received shareholder approval. Moving forward, Hasbro aims to engage more with shareholders while undertaking a strategic review to enhance long-term value. Final voting results will be disclosed in a Form 8-K within four business days. The company emphasizes its commitment to delivering immersive brand experiences across various entertainment categories.

Hasbro urges shareholders to vote for its board of directors using the WHITE proxy card ahead of the 2022 Annual Meeting on June 8, 2022. The company emphasizes the board's diverse skill set and fresh perspectives that align with its long-term strategy under new CEO Chris Cocks. Director Ted Philip's financial and industry experience is highlighted as an asset for future growth. Shareholders are advised not to support the rival Alta Fox's gold proxy card.

Alta Fox Capital Management, holding 2.5% of Hasbro's shares, advocates for Marcelo Fischer's election to replace Edward M. Philip on Hasbro's Board at the upcoming Annual Meeting on June 8, 2022. Fischer is presented as an expert in capital allocation and investor disclosure, emphasizing his track record of creating shareholder value, contrasting it with Philip's nearly 20 years of alleged value-destructive decisions. Alta Fox stresses the importance of providing shareholders with better financial discipline and transparency to enhance Hasbro's long-term value.

Alta Fox Capital Management, a significant shareholder of Hasbro (NASDAQ: HAS), is advocating for board changes at the upcoming Annual Meeting, highlighting the need for improved capital allocation and governance. In a recent letter, Alta Fox noted the independent advisory firm ISS recommends a 'WITHHOLD' vote on long-serving director Edward M. Philip, citing concerns over financial performance and disclosures. Alta Fox is now focused on electing Marcelo Fischer, a capital allocation expert, to replace Philip, aiming to address long-standing issues and enhance shareholder value.

Hasbro Inc. (NASDAQ: HAS) urges shareholders to vote 'FOR ALL' director nominees on the WHITE proxy card for the upcoming 2022 Annual Meeting on June 8, 2022. Newly appointed CEO Chris Cocks, along with recent board members, aims to deliver long-term shareholder value. Hasbro acknowledges past total shareholder return (TSR) challenges but highlights strategic initiatives, including share repurchases of $75-150 million for 2022 and a three percent quarterly dividend increase. Leading advisory firms support Hasbro's nominees, deeming their experience crucial for executing the company's strategy.

Hasbro urges shareholders to vote for its qualified directors using the WHITE proxy card ahead of the 2022 Annual Meeting on June 8, 2022. Newly appointed CEO Chris Cocks shares insights on his vision for growth, emphasizing the importance of the Board's support and initiatives for value creation. Key strategies include a focus on games, multigenerational play, disciplined capital allocation, and a robust Brand Blueprint strategy that has previously delivered over 289% total shareholder return since 2008. Cocks also highlights Hasbro's resilient performance amid pandemic challenges, including a 19% growth in games revenue.

Hasbro (NASDAQ: HAS) announces the retirement of Dolph Johnson after over two decades with the company. Najuma Atkinson has been appointed as the new Chief People Officer, bringing significant global HR experience from her previous role at Dell Technologies. Atkinson aims to strengthen Hasbro's talent acquisition and enhance its Diversity, Equity, and Inclusion initiatives. CEO Chris Cocks expressed confidence in Atkinson's capabilities and emphasized the importance of her leadership for Hasbro's future success.

Hasbro, Inc. (NASDAQ: HAS) announced a quarterly cash dividend of $0.70 per share, payable on August 15, 2022, to shareholders on record as of August 1, 2022. The company, known for its diverse portfolio of approximately 1,500 brands including MAGIC: THE GATHERING and TRANSFORMERS, aims to enhance play and entertainment experiences. Hasbro has earned accolades for its corporate citizenship, being recognized as one of the World’s Most Ethical Companies, emphasizing its commitment to making a positive impact for families and children worldwide.