Alta Fox Releases Presentation Detailing the Case for Change in Hasbro’s Boardroom Following Years of Poor Capital Allocation and Underperformance
May 11 2022 - 4:50PM
Business Wire
Believes Electing Alta Fox’s Three
Independent Nominees – Who Have Expertise in Corporate Governance,
Capital Allocation and Strategic Planning – is Key to Reversing
Long-Term Stagnation
Contends the Recent Appointment of Chris
Cocks as CEO Represents the Right Moment to Address Skill Gaps and
Introduce Fresh Perspectives on Hasbro’s Recently Expanded
13-Member Board
Alta Fox Capital Management, LLC (together with its affiliates,
“Alta Fox” or “we”), the beneficial owner of approximately 2.5% of
the outstanding shares of Hasbro, Inc. (NASDAQ: HAS) (“Hasbro” or
the “Company”), today released a presentation that details its case
for targeted change to the Company’s Board of Directors (the
“Board”) following years of underperformance as a result of
concerning corporate governance practices, disappointing capital
allocation decisions and objectively poor strategic decisions. As a
reminder, Alta Fox has nominated a three-member slate of
independent directors – with significant experience in corporate
governance, capital allocation and strategic planning – for
election to Hasbro’s recently expanded 13-member Board at the
Company’s 2022 Annual Meeting of Shareholders. Review the
presentation and learn how to vote for boardroom change on the
GOLD proxy card by visiting
www.StrengthenHasbro.com.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220511006059/en/
About Alta Fox
Founded in 2018 by Connor Haley, Alta Fox is a Texas-based
alternative asset management firm that employs a long-term focused
investment strategy to pursue exceptional risk-adjusted returns for
a diverse group of institutions and qualified individual clients.
Alta Fox focuses on identifying often overlooked and
under-the-radar opportunities across asset classes, market
capitalization ranges and sectors. Learn more by visiting
www.AltaFoxCapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220511006059/en/
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646-386-0091 gmarose@longacresquare.com /
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