secwatch.observer — SEC 8-K summary
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Issuer:     HASBRO, INC. (HAS)
CIK:        0000046080
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0000046080-24-000119
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hasbro extends CEO Cocks' contract to Dec 2027; target bonus raised to 175%
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- CEO Christian Cocks' employment term extended to Dec 31, 2027, with automatic one-year renewals.
- Target annual bonus increased from 150% to 175% of base salary; base salary remains $1.5M.
- Change-in-control severance: lump sum of 3x base salary plus 3x target bonus, full equity vesting.
- Non-renewal notice by company treated as termination without cause, triggering severance benefits.
- Annual long-term incentive target set at 700% of base salary; $125k travel stipend added.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46080/000004608024000119/0000046080-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46080/000004608024000119/has-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000046080-24-000119

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer