Hasbro, Inc. - HAS STOCK NEWS

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.

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.