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): February 7, 2005
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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 February 7, 2005, we announced our financial results for the
fiscal quarter and fiscal year ended December 26, 2004, 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 minus the impact of exchange rate changes provides
information that is helpful to an investor's understanding of the
segment's underlying business performance absent exchange rate
fluctuations which are beyond the Company's control.
As used herein, "GAAP" refers to accounting principles generally
accepted in the United States.
Item 8.01. Other Events.
The February 7, 2005 Press Release of the Company attached
hereto as EXHIBIT 99 is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
99 Press Release, dated February 7, 2005, 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: February 7, 2005 By: /s/ David D.R. Hargreaves
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David D. R. Hargreaves
Senior Vice President and
Chief Financial Officer
(Duly Authorized Officer and
Principal Financial Officer)
HASBRO, INC.
Current Report on Form 8-K
Dated February 7, 2005
Exhibit Index
Exhibit
No. Exhibits
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99 Press Release, dated February 7, 2005, of Hasbro, Inc.