Hasbro Completes Asset Transaction; Details Undisclosed

TL;DR

**Hasbro completed an asset deal, but the filing is light on details, leaving investors in the dark.**

AI Summary

Hasbro, Inc. (HAS) filed an 8-K on January 3, 2024, reporting the completion of an acquisition or disposition of assets on December 27, 2023. While the filing confirms an event related to asset changes, it does not disclose specific details about what was acquired or disposed of, or the financial terms. This matters to investors because without specific details, it's impossible to assess the financial impact or strategic implications of this transaction on Hasbro's future performance or stock value.

Why It Matters

This filing confirms a significant asset change for Hasbro, but the lack of specific details prevents investors from understanding its financial impact or strategic value.

Risk Assessment

Risk Level: medium — The lack of specific information about the asset acquisition or disposition creates uncertainty for investors regarding its potential impact on Hasbro's financials and strategic direction.

Analyst Insight

A smart investor would await further disclosures from Hasbro regarding the specifics of this asset transaction to understand its financial and strategic implications before making any investment decisions.

Key Players & Entities

• Hasbro, Inc. (company) — the registrant filing the 8-K
• December 27, 2023 (date) — date of the earliest event reported
• January 3, 2024 (date) — date the 8-K was filed
• Rhode Island (company) — state of incorporation for Hasbro, Inc.
• 1-6682 (dollar_amount) — Commission File Number for Hasbro, Inc.

FAQ

Key Financial Figures

• $0.50 — ange on which registered Common Stock, $0.50 par value per share HAS The NASDAQ Glob
• $375 million — e"), for a purchase price consisting of $375 million in cash, subject to purchase price adju

Filing Documents

• has-20231227.htm (8-K) — 34KB
• hasbrolgpressrelease_dec20.htm (EX-99.1) — 8KB
• proformafinancialstatement.htm (EX-99.2) — 278KB
• 0000046080-24-000005.txt ( ) — 465KB
• has-20231227.xsd (EX-101.SCH) — 2KB
• has-20231227_lab.xml (EX-101.LAB) — 24KB
• has-20231227_pre.xml (EX-101.PRE) — 12KB
• has-20231227_htm.xml (XML) — 3KB

01. Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets. On December 27, 2023, Hasbro, Inc. ("Hasbro" or "we") completed the sale of the Entertainment One film and television business pursuant to an Equity Purchase Agreement dated August 3, 2023 (as amended, supplemented or otherwise modified from time to time, the "Agreement"), among Hasbro, Lions Gate Entertainment Corp., a British Columbia company ("LGEC"), Lions Gate Entertainment Inc., a Delaware corporation ("LGEI") and Lions Gate International Motion Pictures S..r.l., a Luxembourg socit responsabilit limite ("LGMP" and, together with LGEC and LGEI, "Lionsgate"), for a purchase price consisting of $375 million in cash, subject to purchase price adjustments, plus the assumption by Lionsgate of production financing loans (the "Transaction"). Hasbro intends to use the cash proceeds to retire indebtedness and for other general corporate purposes. The foregoing summary description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which was attached as Exhibit 2.01 to Hasbro's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on August 7, 2023 and is incorporated by reference herein.

01. Other Events

Item 8.01. Other Events. A copy of the press release issued by Hasbro on December 27, 2023 announcing, among other things, the completion of the Transaction is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (b) Pro forma financial information The following unaudited pro forma condensed consolidated financial statements of Hasbro and its subsidiaries reflect the disposition of the eOne film and television business pursuant to the Agreement, are filed as Exhibit 99.2 to this Current Report on Form 8-K and are incorporated herein by reference: Unaudited Pro Forma Condensed Consolidated Balance Sheet as of October 1, 2023; Unaudited Pro Forma Condensed Consolidated Statement of Operations for the year ended December 25, 2022 and the nine months ended October 1, 2023; and Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements. (d) Exhibits 2.01 Equity Purchase Agreement, dated as of August 3, 2023, by and among Hasbro, Inc., Lions Gate Entertainment Corp., Lions Gate Entertainment Inc. and Lions Gate International Motion Pictures S..r.l (incorporated by reference to Exhibit 2.01 filed with the Company's Current Report on Form 8-K filed with the SEC on August 7, 2023) 99.1 Hasbro, Inc. Press Release, dated December 27, 2023 99.2 Unaudited Pro Forma Condensed Financial Statements 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HASBRO, INC. By: /s/ Gina Goetter Name: Gina Geotter Title: Executive Vice President and Chief Financial Officer (Duly Authorized Officer and Principal Financial Officer) Date: January 3, 2024