Hasbro Inc Stock Price, News & Analysis

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 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.

Hasbro, Inc. (NASDAQ: HAS) has completed the acquisition of D&D Beyond, a leading digital RPG toolset, from Fandom. The acquisition aims to enhance Hasbro's capabilities and improve player engagement within the Dungeons & Dragons brand. D&D Beyond boasts nearly 10 million registered users, which positions it as a key player in the digital role-playing game market. To celebrate, D&D Beyond has unlocked a starter adventure for all users and is offering a campaign book for free during the promotional period.

Alta Fox Capital Management urges shareholders of Hasbro (NASDAQ: HAS) to vote for its three independent nominees for the Board of Directors, citing chronic underperformance by existing members. Alta Fox, holding 2.6% of Hasbro's shares, targets the removal of long-tenured directors, claiming they have overseen significant market share losses and inadequate capital allocation strategies. The firm believes that electing new members will enhance governance and accountability. The annual meeting is scheduled for June 8, 2022, where shareholders can vote via the GOLD Proxy Card.

Hasbro, Inc. (NASDAQ: HAS) urges shareholders to vote for its board nominees at the upcoming 2022 Annual Meeting on June 8, 2022. The board believes its nominees possess superior skills essential for guiding the company under new CEO Chris Cocks. The board critiques the competing nominees from Alta Fox, citing their lack of relevant expertise and potential conflicts. Hasbro highlights its strong governance practices and emphasizes the importance of voting on the WHITE proxy card to support the current board structure for long-term value creation.

Hasbro, Inc. (NASDAQ: HAS) urges shareholders to vote for its board nominees in the upcoming 2022 Annual Meeting on June 8, 2022, as revealed in a recent presentation filed with the SEC. Key points include the success of Hasbro's Brand Blueprint strategy, appointment of qualified directors, and the company's diversified model aiding resilience during COVID-19. CEO Chris Cocks has initiated a comprehensive strategy review aimed at profitable growth. The board asserts that Alta Fox's nominated directors lack relevant experience and could disrupt Hasbro's progress.