HASBRO, INC. 8K

Hasbro, Inc. agreed to a transitional advisory arrangement under which Wizards of the Coast President John Hight will step down on September 1, 2026, serve as Advisor until September 2, 2027, and then retire under defined compensation, equity, and restrictive covenant terms.

Hasbro, Inc. entered into a Transitional Advisory Services Agreement with John Hight, currently President of Wizards of the Coast, under which he will continue in his current role through September 1, 2026, then transition to an Advisor role reporting to the CEO from September 2, 2026 until his planned retirement on September 2, 2027. During the advisory term, Hight will receive an $800,000 annual base salary, remain eligible for a 2026 annual cash bonus (but not for 2027), and continue vesting in his previously granted equity awards, while not receiving any new equity or salary increases. The agreement also provides for continued participation in certain benefit and retirement plans, outlines treatment of compensation and equity upon various termination scenarios (including death, disability, termination without cause, or for cause), and reaffirms the applicability of existing non-competition, non-solicitation, confidentiality, and nondisparagement obligations. The structure is intended to ensure an orderly transition of leadership at Wizards of the Coast, support onboarding of his successor, and clarify that his retirement date will be treated as the separation from service for equity and benefit purposes, with specified severance-like protections if the Company terminates him without cause before the planned retirement date.

Filing Facts

CIK

46080

Ticker

-

Form

8K

Source Type

sec

Accession

0000046080-26-000047

Alert Tier

6