Disney Files Definitive Additional Proxy Materials
Ticker: DIS · Form: DEFA14A · Filed: Mar 13, 2024 · CIK: 1744489
Sentiment: neutral
Topics: proxy-statement, shareholder-meeting, corporate-governance
Related Tickers: DIS
TL;DR
Disney just dropped more proxy docs, shareholders pay attention.
AI Summary
The Walt Disney Company filed a Definitive Additional Materials proxy statement (DEFA14A) on March 13, 2024. This filing is related to the company's proxy materials and is not a preliminary statement. Disney's principal executive offices are located at 500 South Buena Vista Street, Burbank, CA 91521.
Why It Matters
This filing indicates that Disney is providing updated or additional information to shareholders regarding matters to be voted on at an upcoming meeting, which is crucial for shareholder engagement and corporate governance.
Risk Assessment
Risk Level: low — This filing is a standard proxy statement update and does not contain information suggesting immediate financial or operational risks.
Key Players & Entities
- Walt Disney Co (company) — Registrant
- 500 South Buena Vista Street (location) — Principal executive offices
- Burbank, CA 91521 (location) — Principal executive offices
FAQ
What type of filing is this DEFA14A for The Walt Disney Company?
This filing is classified as 'Definitive Additional Materials' under Schedule 14A, indicating it provides supplementary information to shareholders beyond the initial proxy statement.
When was this filing submitted to the SEC?
The filing was submitted on March 13, 2024.
What is the primary business address of The Walt Disney Company as listed in this filing?
The primary business address is 500 South Buena Vista Street, Burbank, CA 91521.
Is this a preliminary proxy statement?
No, this is not a preliminary proxy statement; it is marked as 'Definitive Additional Materials'.
What is the SEC file number for The Walt Disney Company?
The SEC file number for The Walt Disney Company is 001-38842.
Filing Stats: 4,631 words · 19 min read · ~15 pages · Grade level 20 · Accepted 2024-03-13 09:03:29
Key Financial Figures
- $90 — isney share price gains since October 1 $90 $100 $110 $120 $70 Oct '23 Nov '23 Dec
- $100 — y share price gains since October 1 $90 $100 $110 $120 $70 Oct '23 Nov '23 Dec '23 J
- $110 — re price gains since October 1 $90 $100 $110 $120 $70 Oct '23 Nov '23 Dec '23 Jan '2
- $120 — ice gains since October 1 $90 $100 $110 $120 $70 Oct '23 Nov '23 Dec '23 Jan '24 Feb
- $70 — ains since October 1 $90 $100 $110 $120 $70 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24
- $14b — operations, which is expected to total ~$14bn in FY24. See page 2 for how we define
- $82.94 — nderstanding KEY ACTIONS SINCE 10/06/23 $82.94 $80 $111.58 +35% +5% performance +17% p
- $80 — nding KEY ACTIONS SINCE 10/06/23 $82.94 $80 $111.58 +35% +5% performance +17% perfo
- $111.58 — g KEY ACTIONS SINCE 10/06/23 $82.94 $80 $111.58 +35% +5% performance +17% performance +
- $7.5b — and Q1 FY24 earnings On track to exceed $7.5bn cost savings target with >$500mm reali
- $500m — exceed $7.5bn cost savings target with >$500mm realized in Q1 FY24 Trending to exceed
- $8b — zed in Q1 FY24 Trending to exceed FY24 ~$8bn FCF guidance1 Paid $0.30/share dividen
- $0.30 — to exceed FY24 ~$8bn FCF guidance1 Paid $0.30/share dividend in Jan 2024; announced 5
- $3b — ncrease for Jul 2024 dividend Targeting $3bn share buyback in FY24 Announced $1.5bn
- $1.5b — ng $3bn share buyback in FY24 Announced $1.5bn equity stake in Epic Games2 Announced
Filing Documents
- defa14a.htm (DEFA14A) — 87KB
- image_01.jpg (GRAPHIC) — 38KB
- image_02.jpg (GRAPHIC) — 15KB
- image_03.jpg (GRAPHIC) — 197KB
- image_04.jpg (GRAPHIC) — 164KB
- image_05.jpg (GRAPHIC) — 153KB
- image_06.jpg (GRAPHIC) — 182KB
- image_07.jpg (GRAPHIC) — 145KB
- image_08.jpg (GRAPHIC) — 103KB
- image_09.jpg (GRAPHIC) — 119KB
- image_10.jpg (GRAPHIC) — 155KB
- image_11.jpg (GRAPHIC) — 159KB
- image_12.jpg (GRAPHIC) — 54KB
- image_13.jpg (GRAPHIC) — 149KB
- image_14.jpg (GRAPHIC) — 142KB
- image_15.jpg (GRAPHIC) — 161KB
- image_16.jpg (GRAPHIC) — 150KB
- image_17.jpg (GRAPHIC) — 159KB
- image_18.jpg (GRAPHIC) — 52KB
- image_19.jpg (GRAPHIC) — 63KB
- image_20.jpg (GRAPHIC) — 61KB
- image_21.jpg (GRAPHIC) — 50KB
- 0000950157-24-000390.txt ( ) — 3488KB
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 statements are made. The Company does not undertake any obligation to update these statements unless required by applicable laws or regulations, and you should not place undue reliance on forward-looking statements. 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