Hasbro 2008 Annual Report Download - page 28

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Item 3. Legal Proceedings
The Company has outstanding tax assessments from the Mexican tax authorities relating to the years
2000, 2001, 2002 and 2003. These tax assessments are based on transfer pricing issues between the Company’s
subsidiaries with respect to the Company’s operations in Mexico. The Company has entered an Administrative
Appeal contesting the 2000 and 2001 assessments and on June 3, 2008 the Company filed suit in the Federal
Tribunal of Fiscal and Administrative Justice in Mexico challenging the 2002 assessment. The Company
received the 2003 assessment in December of 2008, and plans to file suit in early 2009 challenging the 2003
assessment. The Company expects to be successful in sustaining its positions for all of these years. However,
in order to challenge these outstanding tax assessments, as is usual and customary in Mexico in these matters,
the Company was required to either make a deposit or post a bond in the full amount of the assessments. The
Company elected to post a bond and accordingly, as of December 28, 2008, bonds totaling approximately
$67.7 million (at year-end 2008 exchange rates) have been posted related to the 2000, 2001 and 2002
assessments. The Company will be required to either post a bond or pay a deposit of approximately
$25.7 million (at year-end 2008 exchange rates) related to the 2003 assessment during the first quarter of
2009. These bonds guarantee the full amounts of the outstanding tax assessments in the event the Company is
not successful in its challenge to them.
We are currently party to certain other legal proceedings, none of which we believe to be material to our
business or financial condition.
Item 4. Submission of Matters to a Vote of Security Holders
None.
Executive Officers of the Registrant
The following persons are the executive officers of the Company. Such executive officers are elected
annually. The position(s) and office(s) listed below are the principal position(s) and office(s) held by such
persons with the Company. The persons listed below generally also serve as officers and directors of certain of
the Company’s various subsidiaries at the request and convenience of the Company.
Name Age Position and Office Held
Period
Serving in
Current
Position
Brian Goldner(1) .................. 45 President and Chief Executive Officer Since 2008
David D. R. Hargreaves(2)........... 56 Chief Operating Officer and Chief
Financial Officer
Since 2008
John Frascotti(3) .................. 48 Global Chief Marketing Officer Since 2008
Duncan Billing(4) ................. 50 Global Chief Development Officer Since 2008
Barry Nagler(5) ................... 52 Chief Legal Officer and Secretary Since 2008
Deborah Thomas(6) ................ 45 Senior Vice President, Head of
Corporate Finance
Since 2008
Martin R. Trueb .................. 56 Senior Vice President and Treasurer Since 1997
(1) Prior thereto, Chief Operating Officer from 2006 to 2008; prior thereto, President, U.S. Toys Segment from
2003 to 2006; prior thereto, President, U.S. Toys, from 2001 to 2003.
(2) Prior thereto, Executive Vice President, Finance and Global Operations and Chief Financial Officer from
2007 to 2008; prior thereto, Senior Vice President and Chief Financial Officer from 2001 to 2007.
(3) Mr. Frascotti joined the Company in January 2008. Prior thereto he was employed by Reebok Interna-
tional, Ltd., serving as Senior Vice President, New Business, Acquisitions and Licensing from 2002 to
2005, and as Senior Vice President, Sports Division from 2005 to 2008.
(4) Prior thereto, Chief Marketing Officer, U.S. Toy Group since 2004; prior thereto, General Manager, Big
Kids Division, since 2002.
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