Hasbro Board of Directors Issues Letter to Shareholders
June 16 2022 - 09:00AM
Business Wire
Announces Investor Day on October 4, 2022 to
Outline New CEO Chris Cocks’s Strategic Plan
Hasbro, Inc. (NASDAQ: HAS), a global play and entertainment
company, today issued a letter to shareholders following its 2022
Annual Meeting of Shareholders. The full text of the letter is
below, which can also be found, at www.HasbroGamePlan.com.
June 16, 2022
Dear Fellow Shareholder:
Following our 2022 Annual Meeting of
Shareholders, on behalf of the entire Board and management team, we
want to thank you for your investment, continued support, extensive
engagement and constructive feedback. We have heard your
perspectives, including around shareholder returns, how we make
investments in the business and our ongoing approach to Board
refreshment.
While we are excited about and confident in
Hasbro’s future, we also know we have important work ahead of us.
With the Board’s support, our CEO, Chris Cocks, is moving forward
with the refinement of Hasbro’s long-term strategy, which includes
actions to drive meaningful change by focusing on fewer, bigger
opportunities, profitably growing our world-class portfolio of
brands and amplifying our industry-leading gaming portfolio. As
Chris has emphasized, critical to this change will be putting the
consumer at the center of everything we do, with a spotlight on
games, multi-generational play and entertainment and creating
direct relationships with our fans.
As the Board works with Chris on this plan,
we will actively incorporate the feedback we have received over
this past proxy season to help him shape the future of Hasbro and
enhance the value we deliver to our shareholders. We will continue
engaging with you to solicit feedback, and you can look forward to
Chris and the management team outlining our path ahead at our
Investor Day on October 4, 2022.
Thank you again for your support of the
Hasbro Board of Directors at our 2022 Annual Meeting. We look
forward to a continued dialogue, which will be critical to our
sustained success.
Sincerely,
Your Hasbro Board of Directors
About Hasbro
Hasbro (NASDAQ: HAS) is a global play and entertainment company
committed to making the world a better place for all children, fans
and families. Hasbro delivers immersive brand experiences for
global audiences through consumer products, including toys and
games; entertainment through eOne, its independent studio; and
gaming, led by the team at Wizards of the Coast, an award-winning
developer of tabletop and digital games best known for fantasy
franchises MAGIC: THE GATHERING and DUNGEONS & DRAGONS.
The company’s unparalleled portfolio of approximately 1,500
brands includes MAGIC: THE GATHERING, NERF, MY LITTLE PONY,
TRANSFORMERS, PLAY-DOH, MONOPOLY, BABY ALIVE, DUNGEONS &
DRAGONS, POWER RANGERS, PEPPA PIG and PJ MASKS, as well as premier
partner brands. For the past decade, Hasbro has been consistently
recognized for its corporate citizenship, including being named one
of the 100 Best Corporate Citizens by 3BL Media and one of the
World’s Most Ethical Companies by Ethisphere Institute. Important
business and brand updates are routinely shared on our Investor
Relations website, Newsroom and social channels (@Hasbro on
Twitter, Instagram, Facebook and LinkedIn.) © 2022 Hasbro, Inc. All
Rights Reserved.
Forward-Looking
Statements
This communication contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements may be accompanied by such
words as “anticipate,” “believe,” “could,” “estimate,” “expect,”
“forecast,” “intend,” “may,” “plan,” “potential,” “project,”
“target,” “will” and other words and terms of similar meaning.
Among other things, these forward-looking statements may include
statements concerning: our ability to drive change and achieve our
financial and business plans, goals and objectives, including
achieving long-term sustainable profitable growth and long-term
value for shareholders. Specific factors that might cause such a
difference include those risks detailed from time to time in
Hasbro’s filings with the SEC. The statements contained herein are
based on Hasbro’s current beliefs and expectations and speak only
as of the date of this communication. Except as may be required by
law, Hasbro does not undertake any obligation to make any revisions
to the forward-looking statements contained in this communication
or to update them to reflect events or circumstances occurring
after the date of this communication. You should not place undue
reliance on forward-looking statements.
HAS-IR HAS-C
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version on businesswire.com: https://www.businesswire.com/news/home/20220616005539/en/
Investors: Debbie Hancock | Hasbro, Inc. | (401) 727-5401 |
debbie.hancock@hasbro.com Media: Carrie Ratner | Hasbro, Inc. |
(401) 556-2720 | carrie.ratner@hasbro.com
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