Elizabeth Hamren
HASBROAbout Elizabeth Hamren
Elizabeth Hamren, age 53, has served on Hasbro’s Board since 2022 and is an independent director. She is currently Chief Executive Officer of Ring, Inc. (an Amazon home security subsidiary) since March 2023, with prior senior roles at Discord, Microsoft (Xbox), and Meta/Oculus. She holds a BSE in Civil Engineering and Operations Research from Princeton University and an MBA from Harvard Business School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ring, Inc. (Amazon) | Chief Executive Officer | Mar 2023 – Present | Leads ~50-product portfolio and video monitoring subscription service; scaled consumer tech operations |
| Discord Inc. | Chief Operating Officer | Dec 2021 – Mar 2023 | Operations leadership in voice/video/text community platform |
| Microsoft (Xbox) | Corporate Vice President, Product & Engineering (Xbox consumer products) | Mar 2017 – Dec 2021 | Developed/launched Xbox Series X |
| Meta Platforms, Inc. (Oculus) | Head of Global Marketing & Sales (Oculus) | Aug 2015 – Mar 2017 | Launched Oculus Rift headset |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| LegalZoom.com, Inc. | Director | Current | Audit Committee; Compensation Committee |
| Ring, Inc. | Chief Executive Officer | Current | Operates within Amazon; consumer/home security domain |
Board Governance
- Committee assignments: Compensation and Talent Committee member; the committee met 8 times in 2024 .
- Independence: Independent under Nasdaq and Hasbro standards; non-employee directors are independent (CEO Chris Cocks is the only non-independent nominee) .
- Attendance: The Board met 11 times in 2024; all directors attended at least 75% of Board and applicable committee meetings; all directors attended the 2024 Annual Meeting .
- Board leadership structure: Chair and CEO roles are separated; Richard S. Stoddart serves as independent Chair .
- Compensation committee interlocks: None; no related transactions in 2024 involving committee members; no insider participation conflicts disclosed .
- Outside board service policy: All nominees are in compliance with Hasbro’s outside directorship limitations .
Fixed Compensation
Director compensation (FY2024):
| Component | Amount (USD) | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | $116,272 | Includes base/committee retainers; no meeting fees |
| Stock Awards (Grant Date Fair Value) | $175,000 | Annual director grant; immediately vested; deferral optional |
| Option Awards | $0 | No director option grants in 2024 |
| All Other Compensation | $0 | |
| Total | $291,272 |
Current director retainer framework (FY2024):
| Retainer Type | Amount (USD) |
|---|---|
| Annual Base Board Retainer | $95,000 |
| Compensation & Talent Committee Member (non-Chair) | $15,000 |
| Compensation & Talent Committee Chair | $35,000 |
| Chair of Board | $150,000 |
| Audit Committee Member (non-Chair) | $20,000 |
| Finance & Capital Allocation Member (non-Chair) | $12,500 |
| Nominating, Governance & Social Responsibility Member (non-Chair) | $12,500 |
| Meeting Fees | None |
Performance Compensation
| Equity Grant Type | Standard Structure | FY2024 Details |
|---|---|---|
| Annual Director Stock Grant | Immediately vested shares; optional deferral until retirement; dividends credited to deferred stock units | $175,000 grant date fair value for each continuing non-employee director |
| Options | Not granted to directors in 2024 | $0 options for all directors |
Note: Director equity grants are time-based; no director performance (EPS/TSR) metrics are applied to director compensation .
Other Directorships & Interlocks
| Company | Role | Committees | Potential Interlocks/Conflicts |
|---|---|---|---|
| LegalZoom.com, Inc. | Director | Audit; Compensation | No compensation committee interlocks or related-party transactions disclosed for FY2024 at Hasbro |
| Ring, Inc. (Amazon) | CEO | N/A | No related person transactions with Hasbro disclosed for FY2024; pledging/hedging of Hasbro stock prohibited |
Expertise & Qualifications
- Engineering, product management, marketing, and operations leadership across subscription-based consumer technology and gaming; drove growth in user bases and launched/scaled Xbox Series X|S and Game Pass; led Oculus Rift launch; leads Ring’s product and subscription portfolio .
- Education: BSE (Princeton); MBA (Harvard) .
Equity Ownership
| Item | Amount |
|---|---|
| Total Beneficial Ownership (Shares) | 8,025 shares |
| Ownership as % of Shares Outstanding | <1% |
| Outstanding Stock Awards (Deferred Grants) at 12/29/2024 | 0 |
| Outstanding Stock Units (Deferred Plan) at 12/29/2024 | 0 |
| Director Stock Ownership Guideline | $475,000 (5× annual Board retainer); directors may not sell until guideline met |
| Pledging/Hedging Policy | Prohibited for directors and employees |
Governance Assessment
- Committee engagement: Active member of Compensation and Talent Committee, which oversees executive pay, incentive plans, and human capital strategy; committee uses independent consultant (Meridian) and maintains clawback policies and anti-hedging/pledging—positive for investor alignment .
- Independence and attendance: Independent director with documented Board/committee attendance thresholds met by all directors; Board governance structures (separated Chair/CEO; majority independent) support oversight quality .
- Compensation alignment: Director pay mix is balanced (cash + equity), with standardized annual equity grants; no options or performance-contingent equity for directors reduces pay complexity and conflicts; director deferred compensation plan includes a modest 10% company match on deferrals .
- Ownership alignment: Beneficial ownership disclosed; stringent director ownership guideline ($475k) and prohibition on pledging/hedging enhance alignment and risk controls .
- Conflicts/related-party risk: No related-person transactions disclosed for FY2024; compensation committee interlocks absent; outside board service policy compliance confirmed—limited red flag exposure even with external executive role at Ring (Amazon) .
- Shareholder signaling: Strong say-on-pay support (87.6% in 2024; 91.4% in 2023; 88.0% in 2022) indicates broad confidence in compensation oversight, to which the Compensation and Talent Committee (including Hamren) contributes .