Wizards of the Coast is changing presidents. Hasbro's July 27, 2026 Form 8-K says John Hight will leave the Wizards presidency after roughly two years, then stay on as an advisor while the company searches for a successor.
The SEC timeline
Per Hasbro's filing, Hight remains President of Wizards of the Coast through September 1, 2026. Starting September 2, 2026, he becomes an Advisor reporting to Hasbro's CEO through September 2, 2027 (or earlier if the agreement ends). Duties include transitional work and onboarding the next Wizards president.
During the advisor term, his base salary stays at $800,000. He remains eligible for the fiscal 2026 annual cash bonus under Hasbro's plan, but not a 2027 cash bonus, and he will not get new equity grants in that window. Outstanding long-term awards keep vesting on their existing schedules.
What Wizards said about the business
In a company statement, Wizards thanked Hight for his tenure and said he will keep advising while pursuing other creative and professional work. The statement also stressed continuity for the core tabletop and digital slate:
There is no change to the strength of the Wizards business. Magic: The Gathering and Dungeons & Dragons continue to perform incredibly well, consistent with our most recent earnings release, and our upcoming 2027 video game slate, including Exodus and Warlock remains on track.
Wizards added that it is running an internal and external search for Hight's successor and will share updates when appropriate.
