Disney Files Additional Proxy Materials

TL;DR

Disney filed more proxy docs, no new fee. Standard procedure.

AI Summary

The Walt Disney Company filed a Definitive Additional Materials proxy statement (DEFA14A) on March 4, 2024. This filing is related to materials previously submitted and does not require a new 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 ongoing proxy statement activities for The Walt Disney Company, which are crucial for shareholder voting and corporate governance decisions.

Risk Assessment

Risk Level: low — This is a routine filing of additional proxy materials, not indicating any new or unusual corporate events.

Key Players & Entities

• Walt Disney Co (company) — Registrant
• 500 South Buena Vista Street (location) — Company Business Address
• Burbank, CA (location) — Company Business Address City and State
• 20240304 (date) — Filing Date

FAQ

From the Filing

0000950157-24-000312.txt : 20240304 0000950157-24-000312.hdr.sgml : 20240304 20240304090514 ACCESSION NUMBER: 0000950157-24-000312 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240304 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Walt Disney Co CENTRAL INDEX KEY: 0001744489 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 830940635 STATE OF INCORPORATION: DE FISCAL YEAR END: 0928 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-38842 FILM NUMBER: 24713013 BUSINESS ADDRESS: STREET 1: 500 SOUTH BUENA VISTA STREET CITY: BURBANK STATE: CA ZIP: 91521 BUSINESS PHONE: (818) 560-1000 MAIL ADDRESS: STREET 1: 500 SOUTH BUENA VISTA STREET CITY: BURBANK STATE: CA ZIP: 91521 FORMER COMPANY: FORMER CONFORMED NAME: TWDC Holdco 613 Corp. DATE OF NAME CHANGE: 20180702 FORMER COMPANY: FORMER CONFORMED NAME: TWDC Holdco 613 Corp DATE OF NAME CHANGE: 20180622 DEFA14A 1 defa14a.htm SCHEDULE 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934     Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐ Check the appropriate box:   ☐ Preliminary Proxy Statement   ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))     ☐ Definitive Proxy Statement   ☒ Definitive Additional Materials   ☐ Soliciting Material under §240.14a-12  The Walt Disney Company (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply):   ☒ No fee required   ☐ Fee paid previously with preliminary materials   ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11    The Walt Disney Company will begin distribution of the following letter to shareholders: The Walt Disney Company Disney Drives Value for Shareholders by Creating Magical Stories for Worldwide Audiences But We Know How to Separate Fact from Fiction The truth matters. Shareholders rightfully expect our company and its directors to base their statements on facts. But the Trian Group’s nominees, who seek to replace your highly qualified directors, have not lived up to this expectation. Your Board and management team have continued to deliver on a deliberate strategic transformation, remaining focused on driving meaningful growth and creating sustainable, long-term shareholder value. Protect the value of your investment in The Walt Disney Company by voting TODAY on the WHITE proxy card FOR only our 12 nominees. Please note that voting FOR more than 12 nominees will invalidate your vote on the election of directors. VOTE FOR ONLY DISNEY’S 12 NOMINEES. Below are some important facts we’re highlighting because we know you share our passion for continuing Disney’s remarkable 100-year legacy. X FALSE CLAIM In his letter to shareholders, Nelson Peltz claims he has media expertise. X FALSE CLAIM Trian claims Jay Rasulo's media experience and business acumen will be additive to the Disney Board. THETRUTH THETRUTH "By the way, they said I have no media experience. I don't claim to have any" Nelson Peltz, January 18, 2024 Mr. Rasulo left Disney in 2016, and eight years later, his perspective on the media industry is stale. Since he joined the iHeartMedia Board in May 2019 as Lead Independent Director, the stock has declined by nearly 90%. IHEARTMEDIA (IHRT) HAS DECLINED 87% WITH JAY RASULO ON THE BOARD $30 $20 $10 $0 $18 $2.38 (87%) May'19 May '20 May ‘21 May '22 May '23 Source: FactSet as of 02/22/24 IHRT share price data first available on on 05/07/19 as listing on the OTC