Hasbro CEO Goldner 2009 Total Pay Valued At $7.9 Million
April 06 2010 - 12:51PM
Dow Jones News
Hasbro Inc. (HAS) President and Chief Executive Brian Goldner
received compensation in 2009 valued at $7.9 million, a 6.7%
increase over the previous year.
Goldner received compensation in 2008 valued at $7.4 million
from Hasbro, the maker of Nerf and Littlest Pet Shop toys and of
board games such as Monopoly and Operation.
The No. 2 U.S. toy maker by revenue disclosed the figures
Tuesday in a filing with the Securities and Exchange
Commission.
Goldner's compensation for the latest year included $1 million
in salary, $2.7 million in incentive bonuses and stock and options
awards valued at more than $3.7 million.
Goldner last month signed a more lucrative employment contract,
agreeing to serve as CEO through 2014 at a base salary of $1.2
million and replacing a 2008 contract that had been set to expire
in May 2011.
The new contract also provides 125,000 performance share units
that can be earned based on financial performance between 2010 and
2012, as well as 687,000 stock options with an exercise price of
$38.39. The options vest in five equal installments in March 2011
through 2014.
Hasbro shares fell 1.3% to $38.64 in recent trading. Shares have
risen 44% over the last year as Hasbro has strengthened ties with
Hollywood movie studios and launched a joint-venture deal with
Discovery Communications Inc. (DISCA) to start a new kids'
cable-television network this fall.
Hasbro at its May 20 annual meeting will ask shareholders to
re-elect 12 directors and approve amendments to the company's
restated 2003 stock-incentive performance plan.
Among other executives, Hasbro Chief Operating Officer David
D.R. Hargreaves' compensation in 2009 was valued at $4.8 million,
down from $5.1 million in 2008.
Chief Financial Officer Deborah Thomas, named to the post last
May, received compensation totaling $1.2 million last year.
-By Mary Ellen Lloyd, Dow Jones Newswires, 704-948-9145;
maryellen.lloyd@dowjones.com