Hasbro, Inc. is confronting increasing pressure from activist shareholders as it approaches its annual meeting on June 8. The company has significantly underperformed the S&P 500 over the past decade, drawing criticism for its board's capital allocation choices, which have allegedly squandered billions in shareholder value. Alta Fox Capital Management LLC is spearheading efforts to replace the chairman and other directors while advocating for a spin-off of the profitable Wizards of the Coast division, setting the stage for a contentious proxy fight.
“Hasbro, Inc. · has announced · dividend increase · US$0.70”
“Hasbro, Inc. · dividend yield · industry average · 3.0%”
“Hasbro (NASDAQ: HAS) · pays · attractive yields · well above the average S&P 500 payout of 1.4%”
“Alta Fox Capital Management LLC · is seeking to oust · Hasbro Inc's chairman and two other directors”
“Hasbro · reiterated its call to shareholders to reject · all of the activist's board nominees”
“Stoddart · has been on · Hasbro's board since 2014”
“Hasbro · turned down · a settlement offer from Alta Fox · last month”
“Hasbro · has underperformed · S&P 500 · by more than 200% since June 2010”
“Hasbro · has underperformed · Russell 1000 Consumer Discretionary Index · across nearly every relevant time horizon”
“Hasbro · has lagged · S&P 500 · by more than 100% over the past five years”
“Hasbro's senior leadership and directors · have received · more than $215 million in compensation”
“Hasbro's Board · embraced · a reckless capital allocation policy”
