Hasbro CEO Goldner 2009 Total Pay Valued At $7.9 Million

Date : 04/06/2010 @ 12:51PM
Source : Dow Jones News
Stock : N^HAS (HAS)
Quote : 49.32  0.0 (0.00%) @ 2:05AM

Hasbro CEO Goldner 2009 Total Pay Valued At $7.9 Million

Hasbro, Inc. (NASDAQ:HAS)
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Hasbro Inc. (HAS) President and Chief Executive Brian Goldner received compensation in 2009 valued at $7.9 million, a 6.7% increase over the previous year.

Goldner received compensation in 2008 valued at $7.4 million from Hasbro, the maker of Nerf and Littlest Pet Shop toys and of board games such as Monopoly and Operation.

The No. 2 U.S. toy maker by revenue disclosed the figures Tuesday in a filing with the Securities and Exchange Commission.

Goldner's compensation for the latest year included $1 million in salary, $2.7 million in incentive bonuses and stock and options awards valued at more than $3.7 million.

Goldner last month signed a more lucrative employment contract, agreeing to serve as CEO through 2014 at a base salary of $1.2 million and replacing a 2008 contract that had been set to expire in May 2011.

The new contract also provides 125,000 performance share units that can be earned based on financial performance between 2010 and 2012, as well as 687,000 stock options with an exercise price of $38.39. The options vest in five equal installments in March 2011 through 2014.

Hasbro shares fell 1.3% to $38.64 in recent trading. Shares have risen 44% over the last year as Hasbro has strengthened ties with Hollywood movie studios and launched a joint-venture deal with Discovery Communications Inc. (DISCA) to start a new kids' cable-television network this fall.

Hasbro at its May 20 annual meeting will ask shareholders to re-elect 12 directors and approve amendments to the company's restated 2003 stock-incentive performance plan.

Among other executives, Hasbro Chief Operating Officer David D.R. Hargreaves' compensation in 2009 was valued at $4.8 million, down from $5.1 million in 2008.

Chief Financial Officer Deborah Thomas, named to the post last May, received compensation totaling $1.2 million last year.

-By Mary Ellen Lloyd, Dow Jones Newswires, 704-948-9145; maryellen.lloyd@dowjones.com


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