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 21, 2003
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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)
Item 5. Other Events and Regulation FD Disclosure.
The April 21, 2003 Press Release of the Company attached
hereto as EXHIBIT 99 is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99 Press Release, dated April 21, 2003, of Hasbro, Inc.
Item 12. Results of Operations and Financial Condition.
On April 21, 2003, we announced our financial results for the
fiscal quarter ended March 30, 2003, 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. In order to fully assess our
financial operating results, management believes that EBITDA is
an appropriate measure of 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,
operating income 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 non-GAAP measure included in our
press release has been reconciled to the nearest GAAP measure as
is now required under new SEC rules regarding the use of non-GAAP
financial measures.
As used herein, "GAAP" refers to accounting principles generally
accepted in the United States
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 21, 2003 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 April 21, 2003
Exhibit Index
Exhibit
No. Exhibits
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99 Press Release, dated April 21, 2003, of Hasbro, Inc.