1027 Newport Ave.
Pawtucket, R.I. 02862-1059
(401) 431-8697; fax: (401) 727-5544
Web site: www.hasbro.com
Employees: 8,900
Hasbro, last week, reported a larger than expected first quarter loss of some
$25 million, or 15 cents per share. For the same period a year ago, the company
showed a profit of $15.1 million, or 8 cents per share. Revenues dropped 40 percent
to $463.3 million from $773.5 million a year ago. Company officials were projecting
a second quarter similar to the first, but a return to profitability in the third
quarter as a result of the introduction of new products. Hasbro’s troubles are
a reflection of the industry. "The last year has been really bad for the
toy industry in general," Cliff Annicelli, editor of the online trade journal
Playthings.com told the Associated Press.
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Stock Information
Exchange:NYSE
Symbol: HAS
Annual meeting: May 16, 2001
Shares of common stock outstanding as of Friday, March 23, 2001: 172,456,278
Stock price as of Monday, April 23, 2001: $11.80
Market value as of Monday, April 23, 2001:: $2,034,984,080
12-month high stock price: $18.56
12-month low stock price: $8.38
Operating Results
| For the years ending Dec. 31, |
2000
|
1999
|
1998
|
| Net revenues |
$3,787,215
|
$4,232,263
|
$3,304,454
|
| Net earnings (loss) |
(144,631)
|
188,953
|
206,365
|
| Net income (loss) per share |
(0.82)
|
0.97
|
1.04
|
| Total assets |
3,828,459
|
4,463,348
|
3,793,845
|
| Long-term debt |
1,167,838
|
420,654
|
407,180
|
|
2000
|
1998
|
1996
|
|
| Stockholders’ equity |
1,327,406
|
1,944,795
|
1,838,117
|
Directors
Alan R. Batkin ,56, director since 1992, vice chairman, Kissinger Associates,
Inc. (geopolitical strategic consulting firm). Shares: 31,839
Claudine B. Malone, 64, director since 2001, president, Financial & Management
Consulting, Inc. Shares: 11,700
Carl Spielvogel, 72, director since 1992, U.S. Ambassador to Slovak Republic
from late 2000 to 2001. Former chief executive officer, Carl Spielvogel Associates
(international investements). Shares: 55,679
Alfred J. Verrecchia, 58, director since 1992, president and chief operating
officer of the company. Shares: 1,211,817
E. Gordon Gee, 57, director since 1999, chancellor, Vanderbilt University.
Shares: 5,291
Harold P. Gordon, 63, director since 1988, vice chairman of Alliance Atlantis
Communications Corp. Shares: 601,449
Alan G. Hassenfeld, 52, director since 1978, chairman and chief executive
officer of the company. Shares: 18,680,005
Sylvia K. Hassenfeld, 80, director since 1983, former chairman of the board
of the company. Shares: 1,134,005
Marie Josee Kravis, 51, director since 1995, senior fellow, Hudson Institute
(public policy analysis). Shares: 15,694
Norma T. Pace, 79, director since 1984, president, Paper Analytics Associates
(economic consulting). Shares: 23,751
E. John Rosenwald, Jr., 71, director since 1983, vice chairman, Bear, Stearns
& Co., Inc. (investment bankers). Shares: 232,334
Eli J. Segal, 58, director since 2001, chairman of SchoolSports, Inc. (magazine
and Internet content provider). Shares: 0
Preston Robert Tisch, 74, director since 1988, co-chairman of Loews Corp.
Shares: 17,005
Directors’ fees
Each non-employee director receives an annual retainer of $35,000 and attendance
fees of $1,000 for each board or committee meeting attended. Chairs of the audit,
compensation, and stock option committees each receive an additional retainer
of $4,000 per year.
Top institutional holders
Ariel Capital Management, Inc., 16,719,355 shares;
Capital Guardian Trust Co., 10,177,500 shares;
T. Rowe Price Associates, 8,656,895 shares;
Oppenheimerfunds, Inc. 7,104,600 shares.
Executive compensation
|
Fiscal Year
|
2000
|
1999
|
|
Alan G. Hassenfeld, chairman and CEO
|
$1,039,535
|
$1,492,378
|
|
Alfred J. Verrecchia, president and COO
|
$678,165
|
$1,341,814
|
|
Harold P. Gordon, vice chairman
|
$859,979
|
$930,372
|
|
George Volanakis, executive vice president
|
$708,283
|
$739,560
|
|
Brian Goldner, senior vice president
|
$1,010,241
|
N/A
|
| Herbert M. Baum, former president and COO |
$511,793
|
$1,261,636
|
*Executive compensation includes salary, bonuses and other compensation, including
life insurance, cash profit sharing and other payments.
Exercised Stock Options
|
Shares acquired on exercise
|
Value realized
|
|
|
Alan G. Hassenfeld
|
81,000
|
$562,505
|
| Alfred J. Verrecchia |
118,125
|
$879,382
|
Source: Proxy statement, annual report, quarterly reports, and other PBN research












