Walt Disney Co. Files 10-K/A Amendment
Ticker: DIS · Form: 10-K/A · Filed: Jan 24, 2024 · CIK: 1744489
Complexity: simple
Sentiment: neutral
Topics: Disney, 10-K/A, Amendment, Executive Compensation, Fiscal Year End
TL;DR
<b>Walt Disney Co. filed an amendment to its 2023 10-K, providing updated financial and executive compensation details.</b>
AI Summary
Walt Disney Co (DIS) filed a Amended Annual Report (10-K/A) with the SEC on January 24, 2024. The filing is an amendment to the 10-K for the fiscal year ending September 30, 2023. The filing date is January 24, 2024. The company's fiscal year ends on September 28. The filing includes executive compensation data for Bob Iger and Bob Chapek. The filing references equity awards granted and vested for fiscal years 2020-2023.
Why It Matters
For investors and stakeholders tracking Walt Disney Co, this filing contains several important signals. This amendment provides updated information for the fiscal year ending September 30, 2023, which is crucial for investors to have the most current financial picture. The inclusion of detailed executive compensation data, including equity awards, offers insight into management's incentives and the company's remuneration policies.
Risk Assessment
Risk Level: — Walt Disney Co shows moderate risk based on this filing. The filing is an amendment (10-K/A), suggesting potential corrections or additions to previously filed information, which could indicate previously undisclosed issues or a need for clarification.
Analyst Insight
Review the specific changes and additions in this 10-K/A filing to understand any material updates to Walt Disney Co.'s financial position or disclosures.
Executive Compensation
| Name | Title | Total Compensation |
|---|---|---|
| Mr. Iger | Member | |
| Mr. Chapek | Member |
Key Numbers
- 2023-09-30 — Fiscal Year End (Conformed period of report)
- 2024-01-24 — Filing Date (Filed as of date)
Key Players & Entities
- Walt Disney Co (company) — Filer
- Bob Iger (person) — Executive compensation data
- Bob Chapek (person) — Executive compensation data
- 2023-09-30 (date) — Fiscal year end
- 2024-01-24 (date) — Filing date
Forward-Looking Statements
- Increased transparency in executive compensation may lead to more informed shareholder voting on compensation proposals. (Walt Disney Co) — medium confidence, target: 2024-03-31
FAQ
When did Walt Disney Co file this 10-K/A?
Walt Disney Co filed this Amended Annual Report (10-K/A) with the SEC on January 24, 2024.
What is a 10-K/A filing?
A 10-K/A is a amendment to a previously filed annual report, correcting or updating financial statements or disclosures. This particular 10-K/A was filed by Walt Disney Co (DIS).
Where can I read the original 10-K/A filing from Walt Disney Co?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Walt Disney Co.
What are the key takeaways from Walt Disney Co's 10-K/A?
Walt Disney Co filed this 10-K/A on January 24, 2024. Key takeaways: The filing is an amendment to the 10-K for the fiscal year ending September 30, 2023.. The filing date is January 24, 2024.. The company's fiscal year ends on September 28..
Is Walt Disney Co a risky investment based on this filing?
Based on this 10-K/A, Walt Disney Co presents a moderate-risk profile. The filing is an amendment (10-K/A), suggesting potential corrections or additions to previously filed information, which could indicate previously undisclosed issues or a need for clarification.
What should investors do after reading Walt Disney Co's 10-K/A?
Review the specific changes and additions in this 10-K/A filing to understand any material updates to Walt Disney Co.'s financial position or disclosures. The overall sentiment from this filing is neutral.
How does Walt Disney Co compare to its industry peers?
Walt Disney Co. operates in the entertainment and media industry, encompassing theme parks, film studios, and streaming services.
Are there regulatory concerns for Walt Disney Co?
The company is subject to various regulations related to media content, intellectual property, and financial reporting standards.
Industry Context
Walt Disney Co. operates in the entertainment and media industry, encompassing theme parks, film studios, and streaming services.
Regulatory Implications
The company is subject to various regulations related to media content, intellectual property, and financial reporting standards.
What Investors Should Do
- Examine the specific details of the 10-K/A amendment for any material changes from the original filing.
- Analyze the executive compensation data to understand incentive structures and reported values.
- Cross-reference information with previous filings to identify trends or significant shifts.
Key Dates
- 2023-09-30: Fiscal Year End — Conformed period of report for the 10-K/A filing.
- 2024-01-24: Filing Date — Date the 10-K/A amendment was filed.
Year-Over-Year Comparison
This is an amended filing (10-K/A), indicating updates or corrections to the previously submitted 10-K for the fiscal year ending September 30, 2023.
Filing Stats: 4,150 words · 17 min read · ~14 pages · Grade level 20 · Accepted 2024-01-24 17:00:30
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value DIS New York Stock Exchange
Filing Documents
- dis-20230930.htm (10-K/A) — 1451KB
- fy2023_q4x10kaxex31a.htm (EX-31.A) — 6KB
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- 0001744489-24-000064.txt ( ) — 5769KB
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Directors, Executive Officers and Corporate Governance
ITEM 10. Directors, Executive Officers and Corporate Governance 1
Executive Compensation
ITEM 11. Executive Compensation 17
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 68
Certain Relationships and Related Transactions, and Director Independence
ITEM 13. Certain Relationships and Related Transactions, and Director Independence 71
Principal Accounting Fees and Services
ITEM 14. Principal Accounting Fees and Services 73 PART IV
Exhibits and Financial Statement Schedules
ITEM 15. Exhibits and Financial Statement Schedules 74
SIGNATURES
SIGNATURES 75 PART III
Directors, Executive Officers and Corporate Governance
ITEM 10. Directors, Executive Officers and Corporate Governance Executive Officers Information regarding executive officers of the Company is set forth under "Information About Our Executive Officers" at the end of Part I of the Original Form 10-K. Directors The names of the members of the Company's Board of Directors (the "Board"), their respective ages, their positions with the Company and other biographical information as of January 16, 2024 are set forth below. Mr. Gorman is not a current Director but will join the Board on February 5, 2024 and is included below as a nominee to the Board at the Annual Meeting. All Directors serve for a term ending at the next annual meeting following the annual meeting at which the Director was elected or following their appointment, as applicable, and until their successors are elected and qualified, or until their earlier death, resignation, disqualification or removal. 1 Mary T. Barra CHAIR AND CHIEF EXECUTIVE OFFICER, GENERAL MOTORS COMPANY Age: 62 Director since: 2017 Committees: Compensation Notable Experience Aligned with Disney's Strategy and Key Board Contributions Ms. Barra has deep experience in strategy, innovation and brand evolution through her role in driving General Motors' transformation to electric vehicles by prioritizing strategic investments in connectivity and electrification driving technologies, which provides an important perspective on the Board throughout the Company's own strategic progression and embracing of technological change and shifts in consumer sentiment As Chief Executive Officer of General Motors, she provides invaluable insight on large-scale cost rationalization, organizational restructuring and maintaining strong brand leadership She brings meaningful experience in human capital management and executive compensation-related matters in her role on the Company's Compensation Committee, where she focuses on aligning incentive structures with shareholder value creation an