Two long-term Hasbro shareholders with significant stakes are urging Hasbro to accept changes to its board proposed by activist investor Alta Fox, with one saying it will vote for the Alta Fox slate of three directors, according to Reuters. Boston Partners, which owns 2.26% of Hasbro stock, urged Hasbro to settle its dispute with Alta Fox and said it will vote for the Alta Fox slate of directors, according to the report. Anchor Capital, which owns .36% of Hasbro, said the board should add shareholder-supported board members, but did not say how it would vote.
Earlier this month, Ancora Holdings, which owned about 1% of Hasbro at the time, said it would vote for the Alta Fox slate and urged Hasbro to sell Entertainment One, an acquisition that Alta Fox has also criticized, according to the Wall Street Journal.
The proxy fight over board seats began in February, with Alta Fox nominating five directors to the Hasbro board and urging a spin-off of Wizards of the Coast, which it said would be valued as much as all of Hasbro is now (see "Activist Hedge Fund Urging Hasbro to Spin Off WotC"). The slate of candidates was later cut to three, with Alta Fox also urging the removal of board Chairman Rich Stoddart, Head of Compensation Committee Lisa Gersh and longest-tenured director Edward Philip, according to a statement provided to ICv2.
Hasbro sent a letter to shareholders urging rejection of the Alta Fox slate earlier this month (see "Hasbro Responds to Alta Fox"), and again this week, criticizing the Alta Fox nominees as having inferior skillsets, according to SeekingAlpha.
The board vote will take place on June 8.
![](https://icv2.com/images/article_thumbs/650x650_2119b2fafe8981d9d49ac11395dd8ac8f900af4ce8b6f98b60858963.jpg)
Hasbro's Still Not Having It
Posted by Milton Griepp on May 20, 2022 @ 3:08 am CT
![](https://icv2.com/imgs/icon_print.jpg)
MORE GAMES
As New North American Sales Director
July 26, 2024
Andre Kieren has joined LongPack Games Manufacturing as their new North American Sales Director.
During Pro Tour Amsterdam Keynote
July 26, 2024
Legend Story Studios announced new Flesh and Blood TCG products during their Pro Tour Amsterdam Keynote event.
MORE NEWS
New Deadpool, New Spider-Girl, New TVA
July 26, 2024
Marvel will introduce a new Deadpool, a new Spider-Girl, and a new Time Variance Authority team.
New Comics Franchises Via Their Agreement with Warner Bros. Discovery Global Consumer Products
July 26, 2024
Dynamite Entertainment unveiled five new major comics franchises which will be published in 2024 and beyond via its agreement with Warner Bros. Discovery Global Consumer Products (WBDGCP).