Hasbro 2008 Annual Report Download

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ANNUAL REPORT 2008

Table of contents

  • Page 1
    ANNUAL REPORT 2008

  • Page 2
    ... to accounting principles generally accepted in the United States of America. See Management's Discussion and Analysis of Financial Condition and Results of Operations in the enclosed annual report for a detailed discussion of the Company's business. The discussion set forth in the following letter...

  • Page 3
    ...right entertainment and immersive brand experience for every consumer and audience; and • Execute globally, including in our emerging markets business. To bring our strategy to life, we created and instituted a new global marketing and product development organization. Through this global approach...

  • Page 4
    ... collecting with LITTLEST PET SHOP. Second, we are bringing to market new, re-invented lines of MY LITTLE PONY and BABY ALIVE. Third, FURREAL FRIENDS delivers realistic "come to life" animal experiences including ZAMBI THE BABY ELEPHANT, a special edition plush toy whose sale will help children who...

  • Page 5
    ...In 2009, our partnership with EA is expected to deliver more games across more platforms than in 2008, with new games based on Hasbro brands, including LITTLEST PET SHOP, SCRABBLE, TRIVIAL PURSUIT, and CRANIUM. EA will also bring to market an all new video game based on the movie release of G.I. Joe...

  • Page 6
    ... we, as a global corporation, have to the people that develop, manufacture and sell our products, the children and families that use our products, and the communities and environment we live and work in. It is an integral part of how we conduct our business, make decisions, and set our priorities...

  • Page 7
    ... OFFICERS BRIAN GOLDNER President and Chief Executive Officer BARRY NAGLER Chief Legal Officer and Secretary DAVID D.R. HARGREAVES Chief Operating Officer and Chief Financial Officer DEBORAH THOMAS Senior Vice President and Head of Corporate Finance JOHN FRASCOTTI Global Chief Marketing...

  • Page 8
    ... of the Company's Common Stock is not necessarily indicative of future performance. $160 $145 $140 $120 $120 $114 $112 $100 $114 $137 $135 $123 $150 $131 $120 Indexed Stock Price $99 $91 $80 $75 $60 $87 $40 $20 $0 2003 2004 Hasbro 2005 S&P 500 2006 2007 2008 Russell 1000 Consumer...

  • Page 9
    ...28, 2008 Commission file number 1-6682 Hasbro, Inc. (Exact Name of Registrant, As Specified in its Charter) Rhode Island (State of Incorporation) 05-0155090 (I.R.S. Employer Identification No.) 1027 Newport Avenue, Pawtucket, Rhode Island (Address of Principal Executive Offices) 02862 (Zip Code...

  • Page 10
    ... 15. PART III Directors, Executive Officers and Corporate Governance ...Executive Compensation ...Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ...Certain Relationships and Related Transactions, and Director Independence ...Principal Accounting Fees...

  • Page 11
    ... design, manufacture and marketing of games and toys. Internationally and in the United States, our widely recognized core brands such as PLAYSKOOL, TRANSFORMERS, MY LITTLE PONY, LITTLEST PET SHOP, TONKA, G.I. JOE, SUPER SOAKER, MILTON BRADLEY, PARKER BROTHERS, TIGER and WIZARDS OF THE COAST provide...

  • Page 12
    ... such as G.I. JOE and TRANSFORMERS action figures and accessories as well as entertainment-based licensed products based on popular movie, television and comic book characters, such as STAR WARS and MARVEL toys and accessories. In the action figure area, a key part of our strategy focuses on the...

  • Page 13
    SUPER SOAKER products have been highly successful and starting in 2009 will be managed as part of the boys' toys category. International In addition to our business in the United States and Canada, our International segment sells a representative range of the toy and game products marketed in the ...

  • Page 14
    ... fourth quarter of 2008 we increased our support of retailers as a result of the weak retail environment. The Company currently does not expect to have similar incremental promotional programs in 2009. Historically, we commit to the majority of our inventory production and advertising and marketing...

  • Page 15
    ... of customers, including wholesalers, distributors, chain stores, discount stores, mail order houses, catalog stores, department stores and other traditional retailers, large and small, as well as internet-based "e-tailers." Our own sales forces account for the majority of sales of our products...

  • Page 16
    ... with several large toy and game companies in our product categories, as well as many smaller United States and international toy and game designers, manufacturers and marketers. Competition is based primarily on meeting consumer entertainment preferences and on the quality and play value of our...

  • Page 17
    ... product. The FHSA provides for the repurchase by the manufacturer of articles that are banned. Consumer product safety laws also exist in some states and cities within the United States and in certain foreign markets such as Canada, Australia and Europe. We utilize laboratories that employ testing...

  • Page 18
    ... what are considered to be the "hot" toys and games on children's "wish lists". Our continued success will depend on our ability to develop, market and sell popular toys and games and license our brands for products which are sought after by both children and their parents. We seek to achieve and...

  • Page 19
    ... of planned product development work, introductions, or media support may decrease the number of products we sell and harm our business. Economic downturns which negatively impact the retail and credit markets, or which otherwise damage the financial health of our retail customers and consumers...

  • Page 20
    ... developed by other parties and licensed to us. The success of entertainment properties released theatrically for which we have a license, such as MARVEL or STAR WARS related products, can significantly affect our revenues and profitability. If we produce a line of products based on a movie...

  • Page 21
    ... are not able to acquire or maintain successful entertainment licenses on advantageous terms, our revenues and profits may be harmed. Our business is seasonal and therefore our annual operating results will depend, in large part, on our sales during the relatively brief holiday shopping season. This...

  • Page 22
    ...sales and international sourcing of manufacturing to our business, our financial condition and results of operations could be significantly harmed if any of the risks described above were to occur. If the exchange rate between the United States dollar and a local currency for an international market...

  • Page 23
    ... or exploitive conditions. The Global Business Ethics Principles address a number of issues, including working hours and compensation, health and safety, and abuse and discrimination. In addition, Hasbro requires that our products supplied by third-party manufacturers be produced in compliance with...

  • Page 24
    ... associated with our other family entertainment products, also face certain additional risks. Our costs for designing, developing and producing electronic products tend to be higher than for many of our other more traditional products, such as board games and action figures. The ability to recoup...

  • Page 25
    ... in shares of common stock. As a manufacturer of consumer products and a large multinational corporation, we are subject to various government regulations and may be subject to additional regulations in the future, violation of which could subject us to sanctions or otherwise harm our business. In...

  • Page 26
    ...has been internally developed and has no carrying value on our balance sheet. However, as of December 28, 2008, we had $568,412 of acquired product and licensing rights included in other assets on our balance sheet. Declines in the profitability of the acquired brands or licensed products may impact...

  • Page 27
    ... Unresolved Staff Comments Hasbro owns its corporate headquarters in Pawtucket, Rhode Island consisting of approximately 343,000 square feet, which is used in the U.S. and Canada, Global Operations and Other segments as well as for corporate functions. The Company also owns an adjacent building...

  • Page 28
    ... and Chief Executive Officer Chief Operating Officer and Chief Financial Officer Global Chief Marketing Officer Global Chief Development Officer Chief Legal Officer and Secretary Senior Vice President, Head of Corporate Finance Senior Vice President and Treasurer Since 2008 Since 2008 Since...

  • Page 29
    ... to 2008; prior thereto, Vice President and Assistant Controller from 1998 to 2003. PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities The Company's common stock, par value $.50 per share (the "Common Stock"), is traded on...

  • Page 30
    ... and income taxes. See "Forward-Looking Information and Risk Factors That May Affect Future Results" contained in Item 1A of this report for a discussion of risks and uncertainties that may affect future results. Also see "Management's Discussion and Analysis of Financial Condition and Results of...

  • Page 31
    ... brands, the Company is working to build a more consistent revenue stream and basis for future growth. During 2008 the Company had strong sales of core brand products, namely LITTLEST PET SHOP, TRANSFORMERS, PLAYSKOOL, MONOPOLY, NERF, MY LITTLE PONY, FURREAL FRIENDS and PLAY-DOH. This strategy of...

  • Page 32
    ...as mobile phones, gaming consoles and personal computers, based on a broad spectrum of the Company's intellectual properties, including MONOPOLY, SCRABBLE, YAHTZEE, NERF, TONKA, G.I. JOE and LITTLEST PET SHOP. The first major game releases under this agreement were released in 2008, with a full line...

  • Page 33
    ... program are adequate to meet its working capital needs for 2009. Summary The components of the results of operations, stated as a percent of net revenues, are illustrated below for each of the three fiscal years ended December 28, 2008. 2008 2007 2006 Net revenues ...Cost of sales ...Gross profit...

  • Page 34
    ... PLAYSKOOL products were partially offset by decreased sales of TONKA products. Revenues from the girls' toys category increased slightly primarily as a result of of the reintroduction of EASY-BAKE oven, partly offset by decreased revenues from MY LITTLE PONY, FURREAL FRIENDS, and LITTLEST PET SHOP...

  • Page 35
    ...programs implemented by the Company in the fourth quarter of 2008, including the provision of sales allowances and markdowns, to address the weak retail environment. The increase in gross profit in dollars was more than offset by increased product development and sales and marketing expenses related...

  • Page 36
    ... quarter of 2008 in response to weakened retail conditions; increased advertising expense; and increased investments in emerging markets; partially offset by lower royalty expense as a result of lower sales of entertainment-based products. In addition, International segment operating profit in 2008...

  • Page 37
    ... This increase was primarily due to increased sales of entertainment-based products, primarily MARVEL and TRANSFORMERS movie-related products due to the theatrical releases of SPIDER-MAN 3 and TRANSFORMERS in 2007. Research and product development expense increased in 2008 to $191,424 or 4.8% of net...

  • Page 38
    ... of 2007 and 2006, the Company invested excess cash in auction rate securities, which generated a higher rate of return and contributed to the higher level of interest income in 2007 and 2006. Other (Income) Expense, Net Other (income) expense, net of $23,752 in 2008 compares to $52,323 in 2007 and...

  • Page 39
    ... under this program. Inventories increased to $300,463 at December 28, 2008 from $259,081 at December 30, 2007. The increase relates to lower revenues in the fourth quarter of 2008 as a result of the weak retail environment and, to a lesser extent, the Company's expansion into emerging markets. The...

  • Page 40
    ...The Company commits to inventory production, advertising and marketing expenditures prior to the peak third and fourth quarter retail selling season. Accounts receivable increase during the third and fourth quarter as customers increase their purchases to meet expected consumer demand in the holiday...

  • Page 41
    ... 2008 authorization. Dividends paid were $107,065 in 2008 compared to $94,097 in 2007, reflecting the increase in the Company's quarterly dividend rate to $0.20 per share in 2008 from $0.16 per share in 2007, and net of the effect of decreased shares outstanding in 2008 as a result of the share...

  • Page 42
    ... purchase commitments of $227,673 outstanding at December 28, 2008. The Company believes that cash from operations, including the securitization facility, and, if necessary, its line of credit, will allow the Company to meet these and other obligations described above. Critical Accounting Policies...

  • Page 43
    ... purchases of Company products during the year. Discounts and allowances are recorded as a reduction of related revenue at the time of sale. While many of the allowances are based on fixed amounts, certain of the allowances, such as the returns allowance, are based on market data, historical trends...

  • Page 44
    ... historical market data for the investment classes of assets held by the plan, the allocation of plan assets among those investment classes, and the current economic environment. Based on this information, the Company's estimate of expected return on U.S. plan assets used in the calculation of 2008...

  • Page 45
    ...based only on historical volatility. In 2008, 2007 and 2006, as part of its employee stock-based compensation plan, the Company issued contingent stock performance awards, which provide the recipients with the ability to earn shares of the Company's common stock based on the Company's achievement of...

  • Page 46
    ... deferred tax assets related to its Mexican operations, which may result in additional tax expense. Contractual Obligations and Commercial Commitments In the normal course of its business, the Company enters into contracts related to obtaining rights to produce product under license, which may...

  • Page 47
    ...in 2009. The Company also has letters of credit and related instruments of approximately $100,700 at December 28, 2008. Financial Risk Management The Company is exposed to market risks attributable to fluctuations in foreign currency exchange rates primarily as the result of sourcing products priced...

  • Page 48
    ... shipping schedules. The business of the Company is characterized by customer order patterns which vary from year to year largely because of differences in the degree of consumer acceptance of a product line, product availability, marketing strategies, inventory levels, policies of retailers...

  • Page 49
    ... for the Company's 2009 consolidated financial statements. In December 2008, the FASB issued FASB Staff Position No. 132(R)-1, "Employers' Disclosures about Postretirement Benefit Plan Assets", ("FSP 132(R)-1"). FSP 132(R)-1 provides guidance on an employer's disclosures about plan assets of...

  • Page 50
    ... standards of the Public Company Accounting Oversight Board (United States), Hasbro, Inc.'s internal control over financial reporting as of December 28, 2008, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway...

  • Page 51
    ... 600,000,000 shares; issued 209,694,630 shares in 2008 and 2007 ...Additional paid-in capital ...Retained earnings...Accumulated other comprehensive earnings ...Treasury stock, at cost, 70,465,216 shares in 2008 and 64,487,616 shares in 2007 ...Total shareholders' equity ...Total liabilities...

  • Page 52
    ... Statements of Operations Fiscal Years Ended in December (Thousands of Dollars Except Per Share Data) 2008 2007 2006 Net revenues ...$4,021,520 Cost of sales ...1,692,728 Gross profit...Expenses Amortization ...Royalties ...Research and product development ...Advertising ...Selling, distribution...

  • Page 53
    ... of other short-term borrowings ...Purchases of common stock...Purchase of Lucas warrants ...Stock option transactions ...Excess tax benefits from stock-based compensation ...Dividends paid ...Net cash utilized by financing activities ...Effect of exchange rate changes on cash ...(Decrease) increase...

  • Page 54
    ...,677) 1,390,786 Balance, December 30, 2007 ...Net earnings ...Other comprehensive loss...Comprehensive earnings . Stock option transactions . . Purchases of common stock Stock-based compensation . Dividends declared ... Balance, December 28, 2008 ...$104,847 See accompanying notes to consolidated...

  • Page 55
    ...customers on credit who are experiencing financial difficulties, management performs additional financial analyses before shipping orders. The Company uses a variety of financial transactions based on availability and cost, to increase the collectibility of certain of its accounts, including letters...

  • Page 56
    ... At December 28, 2008, approximately 6% of other intangibles relate to rights acquired in connection with a major entertainment property and are being amortized over the contract life, in proportion to projected sales of the licensed products during the same period. Property, plant and equipment are...

  • Page 57
    ... the life of the agreement. Revenue from product sales less related provisions for discounts, rebates and returns, as well as royalty revenues comprise net revenues in the consolidated statements of operations. Royalties The Company enters into license agreements with inventors, designers and others...

  • Page 58
    ... is first aired. The costs of other advertising, promotion and marketing programs are charged to operations in the fiscal year incurred. Shipping and Handling Hasbro expenses costs related to the shipment and handling of goods to customers as incurred. For 2008, 2007, and 2006, these costs were $178...

  • Page 59
    ...provide benefits to such employees following their period of employment but prior to their retirement. The Company measures the costs of these obligations based on actuarial computations. Risk Management Contracts Hasbro uses foreign currency forward contracts to mitigate the impact of currency rate...

  • Page 60
    ... The Company has stock-based employee compensation plans and plans for non-employee members of the Company's Board of Directors. Under these plans the Company may grant stock options at or above the fair market value of the Company's stock, as well as restricted stock, restricted stock units and...

  • Page 61
    ... equivalent shares was required. (2) Other Comprehensive Earnings The Company's other comprehensive earnings (loss) for the years 2008, 2007 and 2006 consist of the following: 2008 2007 2006 Foreign currency translation adjustments ...$(33,555) Changes in value of available-for-sale securities, net...

  • Page 62
    ... in the Corporate segment of the business. For purposes of testing pursuant to Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets", these assets are allocated to the reporting units within the Company's operating segments. In 2008 the Company reorganized the...

  • Page 63
    ... 2008 the Company acquired Cranium, Inc. ("Cranium"), a developer and marketer of children's and adult board games, in order to supplement its existing game portfolio for a total cost of approximately $68,000. Based on the allocation of the purchase price, property rights related to acquired product...

  • Page 64
    ... borrowings outstanding under its committed line of credit at December 28, 2008. During 2008, Hasbro's working capital needs were fulfilled by cash generated from operations, borrowings under lines of credit, and the Company's accounts receivable securitization program. Borrowings under the lines of...

  • Page 65
    ...the accompanying consolidated statements of operations. The discount on interests sold is approximately equal to the interest rate paid by the conduits to the holders of the commercial paper plus other fees. The discount rate as of December 28, 2008 was approximately 3.00%. Upon sale to the conduits...

  • Page 66
    ...the right to convert the notes to shares of the Company's common stock at the initial conversion price of $21.60 in the next calendar quarter. At December 28, 2008, this contingent conversion feature was met and the debentures are convertible through March 31, 2009, at which time the requirements of...

  • Page 67
    ... to Hasbro in December 2011 and December 2016. At these times, the purchase price may be paid in cash, shares of common stock or a combination of the two, at the discretion of the Company. (8) Income Taxes Income taxes attributable to earnings before income taxes are: 2008 2007 2006 Current United...

  • Page 68
    ... assets and liabilities at December 28, 2008 and December 30, 2007 are: 2008 2007 Deferred tax assets: Accounts receivable ...Inventories ...Losses and tax credit carryforwards ...Operating expenses ...Pension ...Other compensation ...Postretirement benefits...Other ... ...$ 16,764 ...20,226 ...34...

  • Page 69
    ... statement of operations. At December 28, 2008 and December 30, 2007, the Company had accrued potential interest and penalties of $13,660 and $12,020, respectively. The Company and its subsidiaries file income tax returns in the United States and various state and international jurisdictions. In...

  • Page 70
    ...will entitle its holder to purchase until June 30, 2009, in certain merger or other business combination or recapitalization transactions, at the Right's then current exercise price, a number of the acquiring company's or Hasbro's, as the case may be, common shares having a market value at that time...

  • Page 71
    ... quoted prices from stock exchanges to measure the fair value of these securities. The remaining available-for-sale securities consist of warrants to purchase common stock. The Company uses the Black-Scholes model to value these warrants. One of the inputs used in the Black-Scholes model, historical...

  • Page 72
    .... In 2008, 2007, and 2006, as part of its annual equity grant to executive officers and certain other employees, the Compensation Committee of the Company's Board of Directors approved the issuance of contingent stock performance awards (the "Stock Performance Awards"). These awards provide the...

  • Page 73
    HASBRO, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements - (Continued) (Thousands of Dollars and Shares Except Per Share Data) Information with respect to Stock Performance Awards for 2008, 2007 and 2006 is as follows: 2008 2007 2006 Outstanding at beginning of year ...Granted ......

  • Page 74
    ... unrecognized compensation cost related to stock options was $15,220 and the weighted average period over which this will be expensed is 20.34 months. In 2008, 2007 and 2006, the Company granted 36, 31 and 52 shares of common stock, respectively, to its non-employee members of its Board of Directors...

  • Page 75
    ... to the Company's defined benefit and defined contribution plans for 2008, 2007 and 2006 were approximately $33,400, $25,900, and $31,100, respectively. Of these amounts, $32,400, $13,400 and $15,400 related to defined contribution plans in the United States and certain international affiliates. The...

  • Page 76
    ... of $43,450. At December 30, 2007, the fair value of the plan assets of the funded plans were in excess of those plans' projected benefit obligations. Hasbro also provides certain postretirement health care and life insurance benefits to eligible employees who retire and have either attained age 65...

  • Page 77
    ... in Plan Assets Fair value of plan assets - beginning ...$ 283,478 Actual return on plan assets ...(37,000) Employer contribution ...2,558 Benefits paid ...(16,385) Expenses paid ...(909) Fair value of plan assets - ending ...$ 231,742 Reconciliation of Funded Status Projected benefit obligation...

  • Page 78
    ... 2008 2007 Equity: Large Cap Equity ...Small Cap Equity ...International Equity ...Other Equity ...Fixed Income ...Total Return Fund ...Cash... ... 4% 6 7 9 54 18 2 5% 8 14 17 40 16 - 100% 100% Hasbro's two major funded plans (the "Plans") are defined benefit pension plans intended to provide...

  • Page 79
    ... year follow: 2008 2007 2006 Weighted average discount rate ...6.34% 5.83% 5.50% Rate of future compensation increases ...4.00% 4.00% 4.00% Long-term rate of return on plan assets ...8.75% 8.75% 8.75% Hasbro works with external benefit investment specialists to assist in the development of the long...

  • Page 80
    ... of active employment but prior to their retirement. These plans include certain severance plans which provide benefits to employees involuntarily terminated and certain plans which continue the Company's health and life insurance contributions for employees who have left Hasbro's employ under terms...

  • Page 81
    ... quarter of 2008 or forecasted to be purchased during 2009 through 2011 and intercompany expenses and royalty payments expected to be paid or received during 2009 through 2011. These amounts will be reclassified into the consolidated statement of operations upon the sale of the related inventory...

  • Page 82
    ..., preschool toys and infant products, electronic interactive products, toy-related specialty products, traditional board games and puzzles, DVD-based games and trading card and role-playing games within the United States and Canada. Within the International segment, the Company develops, markets and...

  • Page 83
    ...External Customers Operating Profit (Loss) Depreciation and Amortization Affiliate Revenue Capital Additions Total Assets 2008 U.S. and Canada ...International ...Global Operations(a) ...Other Segment ...Corporate and eliminations(b) ...Consolidated Total ...2007 U.S. and Canada ...International...

  • Page 84
    ...,921 Principal international markets include Europe, Canada, Mexico, Australia, and Hong Kong. Other Information Hasbro markets its products primarily to customers in the retail sector. Although the Company closely monitors the creditworthiness of its customers, adjusting credit policies and limits...

  • Page 85
    ... Company's products imported into the United States or Europe. (17) Quarterly Financial Data (Unaudited) First Second Quarter Third Fourth Full Year 2008 Net revenues ...Gross profit ...Earnings before income taxes ...Net earnings ...Per common share Net earnings Basic ...Diluted ...Market price...

  • Page 86
    ...'s Report on Internal Control over Financial Reporting The Company's management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) promulgated under the Exchange Act. Hasbro's internal control system is designed to provide...

  • Page 87
    ... with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of Hasbro, Inc. and subsidiaries as of December 28, 2008 and December 30, 2007, and the related consolidated statements of operations, shareholders' equity, and cash flows for each...

  • Page 88
    ... Exchange Act, during the quarter ended December 28, 2008, that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. Item 9B. None. PART III Item 10. Directors, Executive Officers and Corporate Governance Other Information...

  • Page 89
    ... Ownership of Management" and "Equity Compensation Plans" in the Company's definitive proxy statement for the 2009 Annual Meeting of Shareholders and is incorporated herein by reference. Item 13. Certain Relationships and Related Transactions, and Director Independence The information required by...

  • Page 90
    ... the Company's Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2006, File No. 1-6682.) (e) Certificate of Designations of Series C Junior Participating Preference Stock of Hasbro, Inc. dated June 29, 1999. (Incorporated by reference to Exhibit 3.2 to the Company's Quarterly Report...

  • Page 91
    ... 10(c) to the Company's Annual Report on Form 10-K for the Fiscal Year Ended December 28, 1997, File No. 1-6682.) (d) Letter agreement, dated December 13, 2000, between Hasbro Canada and Central Toy. (Incorporated by reference to Exhibit 10(d) to the Company's Annual Report on Form 10-K for the...

  • Page 92
    ... on Form 10-Q for the period ended April 2, 2006, File No. 1-6682.) Executive Compensation Plans and Arrangements (p) Hasbro, Inc. 1995 Stock Incentive Performance Plan. (Incorporated by reference to Appendix A to the Company's definitive proxy statement for its 1995 Annual Meeting of Shareholders...

  • Page 93
    ... Company's Annual Report of Form 10-K for the Fiscal Year Ended December 30, 2007, File No. 1-6682.) Hasbro, Inc. 1994 Stock Option Plan for Non-Employee Directors. (Incorporated by reference to Appendix A to the Company's definitive proxy statement for its 1994 Annual Meeting of Shareholders, File...

  • Page 94
    ...Company's Quarterly Report on Form 10-Q for the period ended March 30, 2008, File No. 1-6682.) Form of Restricted Stock Unit Agreement under the Hasbro, Inc. 2003 Stock Incentive Performance Plan. Hasbro, Inc. Amended and Restated Nonqualified Deferred Compensation Plan. Hasbro, Inc. 2008 Management...

  • Page 95
    ...32.1 32.2 Restricted Stock Unit Agreement, dated May 22, 2008, between the Company and Brian Goldner. (Incorporated by reference to Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q for the period ended June 29, 2008, File No. 1-6682.) (eee) Post-Employment Agreement, dated March 10, 2004...

  • Page 96
    ... Accounting Firm The Board of Directors and Shareholders Hasbro, Inc.: Under date of February 24, 2009, we reported on the consolidated balance sheets of Hasbro, Inc. and subsidiaries as of December 28, 2008 and December 30, 2007, and the related consolidated statements of operations, shareholders...

  • Page 97
    ... Charged to Cost and Expenses Other Additions Write-Offs and Other(a) Balance at End of Year Valuation accounts deducted from assets to which they apply - for doubtful accounts receivable: 2008 ...2007 ...2006 ... $30,600 $27,700 $29,800 4,680 2,296 (1,020) - - - (2,880) 604 (1,080) $32,400 $30...

  • Page 98
    ... behalf by the undersigned, thereunto duly authorized. HASBRO, INC. (Registrant) By: /s/ Brian Goldner Brian Goldner President and Chief Executive Officer Date: February 25, 2009 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following...

  • Page 99
    ... wish information about Hasbro are invited to contact: Investor Relations 1027 Newport Avenue P.O. Box 1059 Pawtucket, Rhode Island 02862-1059 (401) 431-8447 Internet Address: http://investor.hasbro.com DIVIDEND REINVESTMENT AND CASH STOCK PURCHASE PROGRAM Under this plan, Hasbro shareholders may...

  • Page 100
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