Disney Files Proxy Materials

TL;DR

Disney dropped proxy docs, shareholders vote soon.

AI Summary

The Walt Disney Company (DIS) filed a Definitive Additional Materials proxy statement on March 21, 2024. This filing is related to the company's annual meeting and likely contains information about executive compensation, director nominations, and other shareholder proposals. Specific details on proposals or voting outcomes are not present in this initial filing header.

Why It Matters

This filing provides shareholders with crucial information needed to make informed voting decisions on company matters, including executive pay and board composition.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new material financial information or significant corporate actions.

Key Players & Entities

• Walt Disney Co (company) — Registrant
• 0000950157-24-000458 (filing_id) — Accession Number
• 20240321 (date) — Filing Date

FAQ

From the Filing

0000950157-24-000458.txt : 20240321 0000950157-24-000458.hdr.sgml : 20240321 20240321154248 ACCESSION NUMBER: 0000950157-24-000458 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 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: 24771092 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    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: Dear Fellow Shareholder, It takes the right mix of individuals with unique skillsets and relevant expertise to lead a company like Disney and execute an ambitious growth strategy like the one we’ve developed to deliver shareholder value far into the future. Your Board, the rest of the management team and I are doing just that, and I am gratified by the tremendous progress we continue to make on your behalf. We have successfully reorganized this company and put accountability back in the hands of our key creative business leaders, resulting in more cost-effective, coordinated, and streamlined operations. We are seeing sustainable, long-term growth and we have a pipeline of exciting projects that harness the unrivaled power of our award-winning IP in numerous ways. This is a uniquely challenging time for the media industry, but we have turned a corner. We’ve delivered strong results and continue to separate ourselves from the pack as we look ahead to the rest of the year. We have the right Board of Directors and strategy for this moment. It is our strong belief that the Trian nominees would destabilize and threaten the progress being made at Disney and the effective oversight provided by your Board. That is why your vote is so important. Please vote the WHITE proxy card TODAY FOR only Disney’s 12 nominees and NOT for any Trian or Blackwells nominees. I’m proud of our progress, I’m confident in our future, and I’m grateful for your investment and ongoing support of Disney. Bob Iger From Mickey and Minnie, to Snow White and Mary Poppins, Disney is not a company that makes widgets – it makes magic…Bob Iger, his management team, and the Board of Directors are faithful to this magic. They understand that the longevit