Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnNovember 2, 2020 ,Hasbro, Inc. (the "Company") issued a press release announcing thatLaurel J. Richie has been appointed to the Company's Board of Directors (the "Board") effective as ofNovember 2, 2020 . A copy of the press release announcing her appointment is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference.Ms. Richie served as President of theWomen's National Basketball Association LLC fromMay 2011 toNovember 2015 . Prior to that, she served as Chief Marketing Officer ofGirl Scouts of the United States of America from 2008 to 2011. Previously, she held various positions at Ogilvy & Mather, includingSenior Partner and Executive Group Director and founding member of the agency'sDiversity Advisory Board .Ms. Richie will serve as a member of the Board's Compensation Committee and theNominating, Governance and Social Responsibility Committee . In connection with her service on the Board,Ms. Richie will participate in the Company's compensation program for non-employee directors, as it is amended from time to time, which currently includes an annual cash retainer of$95,000 .Ms. Richie will receive an annual retainer of$15,000 in connection with her service on the Compensation Committee, and$12,500 for her service on theNominating, Governance and Social Responsibility Committee . Effective as of her appointment to the Board,Ms. Richie will be granted a pro-rated portion of the Company's annual stock grant of$160,000 of Hasbro stock that was made to directors onMay 14, 2020 . In addition,Ms. Richie will become party with the Company to the Company's form of Director Indemnification Agreement, which has been filed as Exhibit 10(jj) to the Company's Annual Report on Form 10-K for the fiscal year endedDecember 30, 2007 . Item 9.01 Financial Statements and Exhibits
(d) Exhibits Hasbro, Inc. Press Release , dated November 2 , 99.1 2020
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