Hasbro Fends Off Activist’s Push for Board Shake-Up (2)

Hasbro Inc. investors rejected a board nominee backed by activist investor Alta Fox Capital Management LLC at a shareholder meeting.

Preliminary results show that Hasbro shareholders voted by a substantial margin to re-elect all 13 directors, the company said in a statement Wednesday. Last week, Alta Fox saidit was seeking to elect one director to the company’s board after first trying to install five and later three.

Shares of Pawtucket, Rhode Island-based Hasbro were little changed at 10:22 a.m. in New York. They have declined 13% this year.

The win allows newly appointed Chief Executive Officer Chris Cocks to ...