Form 8-K · Current report
Hasbro 8-K, filed Jul 27, 2026
- Filed
- CIK
- 0000046080
- Accession no.
- 0000046080-26-000047
Summary
Hasbro and John Hight, its President of Wizards of the Coast, entered into a Transitional Advisory Services Agreement on July 27, 2026 under which Hight will serve as President of Wizards of the Coast through September 1, 2026, then as an Advisor reporting to Hasbro's CEO through September 2, 2027, assisting with the onboarding of a successor. His base salary stays at $800,000, he remains eligible for a fiscal 2026 bonus but not a fiscal 2027 bonus or new equity grants, and his outstanding long-term incentive awards continue to vest.
Key points
- Hight continues as President of Wizards of the Coast on current employment terms through September 1, 2026, then becomes an Advisor reporting to the CEO from September 2, 2026 until September 2, 2027 or earlier termination.
- His base salary remains at its current annualized rate of $800,000; he is eligible for a fiscal 2026 annual cash bonus but not for a fiscal 2027 bonus or further equity grants during the term.
- If employment ends due to death, disability, or termination without cause, he or his estate continues to receive base salary and the fiscal 2026 bonus; voluntary resignation or termination for cause entitles him only to accrued and unpaid amounts.
- The filing includes the Transitional Advisory Services Agreement as Exhibit 10.1.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
- 9.01Financial Statements and Exhibits
From the filing
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 27, 2026 (the “Effective Date”), Hasbro, Inc. (the “Company”) and John Hight, the Company’s President of Wizards of the Coast, entered into a Transitional Advisory Services Agreement (the “Transition Agreement”), relating to his planned transition and provision of services. Pursuant to the Transition Agreement, Mr. Hight will continue to serve as the Company’s President of Wizards of the Coast on his current employment terms and conditions through September 1, 2026 (the “Transition Date”). …
An excerpt of the text as filed with the SEC, cut for length.
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