By Svea Herbst-Bayliss

BOSTON, (Reuters) – Proxy advisory firm Glass Lewis recommended Friday that Hasbro’s (NASDAQ:) shareholders reelect all nominees for director. This was a setback to Alta Fox’s attempt to replace three of its board members.

Glass Lewis said in her report that there was not enough evidence “that supports the board change requested by Alta Fox.”

Alta Fox owns 2.5% of the shares in the toys maker and has asked Hasbro for the spin-off of its Wizards of the Coast, Digital Gaming and Digital Gaming units. She also criticised the company’s takeover of Entertainment One, its Brand Blueprint strategy, and the way it allocates capital.

It is seeking to replace three members of its board including the chair of board and current chair of compensation committee, as well as the former chair.

Hasbro has appointed 13 directors to its board, with two additional members being added last month.

The matter will be decided by investors next month.

Glass Lewis Proxy advisory firm and Institutional Shareholders Services (which has yet to issue its report) often provide guidance for investors about how to vote in boardroom battles.

Alta Fox spokesperson stated that Glass Lewis’ report on Hasbro “appears not to include significant and crucial facts pertaining To Hasbro’s long-term failings, stagnation”, including the recent share price fall. “We are certain that other shareholders won’t succumb to the flawed and uninformed recommendations for uns deserving incumbents.