UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): April 23, 2007
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HASBRO, INC.
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(Exact name of registrant as specified in its charter)
RHODE ISLAND 1-6682 05-0155090
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(State of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
1027 NEWPORT AVE., PAWTUCKET, RHODE ISLAND 02862
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(Address of Principal Executive Offices) (Zip Code)
(401) 431-8697
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On April 23, 2007, we announced our financial results for the fiscal
quarter ended April 1, 2007, and certain other information. The
press release, which has been attached as Exhibit 99, discloses a
financial measure, Earnings before Interest, Taxes, Depreciation and
Amortization ("EBITDA"), that is considered a non-GAAP financial
measure as defined under SEC rules. Generally, a non-GAAP financial
measure is a numerical measure of a company's performance, financial
position, or cash flows that either excludes or includes amounts
that are not normally excluded or included in the most directly
comparable measure calculated and presented in accordance with
generally accepted accounting principles. Management believes that
EBITDA is one of the appropriate measures for evaluating our
operating performance, because it reflects the resources available
for strategic opportunities including, among others, to invest in
the business, strengthen the balance sheet and make strategic
acquisitions. However, this measure should be considered in addition
to, and not as a substitute for, or superior to, net earnings or
other measures of financial performance prepared in accordance with
generally accepted accounting principles as more fully discussed in
our financial statements and filings with the SEC. The EBITDA
measures included in our press release have been reconciled to the
most directly comparable GAAP measures as is required under SEC
rules regarding the use of non-GAAP financial measures.
This press release also includes the Company's International segment
net revenues excluding the impact of exchange rates. Management
believes that the presentation of International segment net revenues
excluding the impact of exchange rates is helpful to an investor's
understanding of the segment's underlying business performance
absent the currency fluctuations which are beyond the Company's
control.
As used herein, "GAAP" refers to accounting principles generally
accepted in the United States of America.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99 Press Release, dated April 23, 2007, of Hasbro, Inc.
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.
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(Registrant)
Date: April 23, 2007 By: /s/ David D.R. Hargreaves
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David D. R. Hargreaves
Executive Vice President,
Finance and Global
Operations, and Chief
Financial Officer
(Duly Authorized Officer and
Principal Financial Officer)
HASBRO, INC.
Current Report on Form 8-K
Dated April 23, 2007
Exhibit Index
Exhibit
No. Exhibits
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99 Press Release, dated April 23, 2007, of Hasbro, Inc.