Hasbro CEO Christian Cocks signs amended contract extending term to December 31, 2027
On May 22, 2024, Hasbro entered an amended and restated employment agreement with CEO Christian P. Cocks that extends his employment term to December 31, 2027 and raises his target annual bonus from 150% to 175% of base salary. The filing also expands his severance terms if he is terminated without Cause or resigns for Good Reason within 24 months after a change in control.
- Term extended to December 31, 2027, with automatic one-year renewals unless notice of non-renewal is given
- Target annual management incentive bonus increased from 150% to 175% of base salary
- After a change in control, a termination without Cause or resignation for Good Reason within 24 months triggers a lump sum of three times base salary plus target bonus