Disney Files Proxy Materials
Ticker: DIS · Form: DEFA14A · Filed: Mar 11, 2024 · CIK: 1744489
Sentiment: neutral
Topics: proxy-statement, sec-filing
Related Tickers: DIS
TL;DR
Disney filed its proxy statement, no fee needed. All systems go for shareholder votes.
AI Summary
The Walt Disney Company filed a Definitive Additional Materials proxy statement (DEFA14A) on March 11, 2024. This filing is related to the company's proxy materials and does not require a filing fee. The company's principal executive offices are located at 500 South Buena Vista Street, Burbank, CA 91521.
Why It Matters
This filing indicates that Disney is proceeding with its shareholder communication and governance processes, which are crucial for company operations and investor relations.
Risk Assessment
Risk Level: low — This is a routine administrative filing related to proxy statements and does not contain new financial information or strategic decisions that would inherently increase risk.
Key Players & Entities
- The Walt Disney Company (company) — Registrant
- 500 South Buena Vista Street, Burbank, CA 91521 (company) — Business Address
FAQ
What type of SEC filing is this?
This is a DEFA14A filing, specifically 'Definitive Additional Materials' for a proxy statement.
Who is the filing company?
The filing company is The Walt Disney Company.
When was this filing made?
The filing was made on March 11, 2024.
Is there a filing fee associated with this document?
No, the filing indicates 'No fee required'.
What is the company's primary business address?
The company's business address is 500 South Buena Vista Street, Burbank, CA 91521.
Filing Stats: 4,568 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-03-11 16:39:23
Key Financial Figures
- $14b — perations, which is expected to tot al ~$14bn in FY24 representing a ~40% YoY increa
- $928m — uced entertainment DTC operating losses $928mm full year reduction from FY22 and $846
- $846m — 928mm full year reduction from FY22 and $846mm from prior year Q1 1 Reiterated intent
- $60b — strategically in Experiences Announced ~$60bn investment plan over 10 years that inc
- $7.5b — lize cost Expecting to achieve at least $7.5bn of annual cost savings by the end of F
- $5.5b — vings by the end of FY24, exceeding the $5.5bn target announced in Febr uar y 2023 Co
- $8b — rending to exceed FY24 FCF guidance of ~$8bn 3 (>60% YoY increase), which is approa
- $0.30 — we last achieved pre pandemic Declared $0.30/share dividend for January 2024; announ
- $3b — end; initiated share buyback target ing $3bn in FY24 Maintaining the strongest bala
- $4.5b — and improved quality We are targeting a $4.5bn reduction of annualized entertainment
Filing Documents
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- 0000950157-24-000366.txt ( ) — 33336KB
Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations; beliefs; plans; strategies; priorities and opportunities; future performance; business or financial prospects or outlook; future shareholder value; expected growth and value creation; profitability, including with respect to attendance at theaters and the success of Disney's streaming platform; investments; capital allocation, including dividends and share repurchases; financial performance; earnings expectations; expected drivers and guidance, including future adjusted EPS, free cash flow and funding sources; expected benefits of new initiatives; cost reductions and efficiencies; content, products, experiences or service offerings (including timing and nature); priorities or performance; businesses and assets; future investments and creative output; collaborations; expected benefits; and other statements that are not historical in nature. These statements are made on the basis of the Company's views and assumptions regarding future events and business performance and plans as of the time the Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the Company, including restructuring or strategic initiatives (including capital investments, asset acquisitions or dispositions, new or expanded business lines or cessation of certain operations), our execution of our business plans (including the content we create and intellectual property we invest in, our pricing decisions, our cost structure and our management and other personnel decisions), our abil