Tag: Board of Directors
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James P. Gorman Named Next Chairman of The Walt Disney Company with New CEO to be Announced in 2026
The Walt Disney Company has decided who will be its next Chairman of the Board. James P. Gorman will be succeeding Mark G. Paker on January 2, 2025. Parker will be leaving the Disney Board on January 2nd after serving for nine years. Gorman is currently the Chair of Disney’s Board Succession Planning Committee. He…
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Shareholders Vote To Elect Disney’s Full Slate of 12 Directors
The Walt Disney Company (NYSE: DIS) announced that, based on the tabulation of its proxy solicitor, it appears that Disney’s full slate of 12 directors has been elected by a substantial margin over the nominees of Trian and Blackwells at Disney’s 2024 Annual Meeting of Shareholders today. Final voting tallies are subject to certification by…
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The Walt Disney Company Releases List of Major Disney Shareholders and Influential Business Figures Who Support Disney CEO Bob Iger and Board of Directors
As the ongoing proxy fight ramps up to its conclusion at the Disney annual shareholder meeting on April 3, The Walt Disney Company has released a list of Major Disney Shareholders and Influential Business Figures who have come out in support of Disney CEO Bob Iger and Disney’s Board of Directors. Many of these supporters…
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Disney Responds to Institutional Shareholder Services Recommendation for Disney’s Board of Directors
The Walt Disney Company has released a statement in response to a recommendation from Institutional Shareholder Services (ISS) that shareholders should vote for 11 of 12 nominees endorsed by Disney for its Board. In place of Maria Elena Lagomasino, it suggests electing activist investor Nelson Peltz to the Board of Directors. ISS does not endorse…
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Disney Board Of Directors Sends Letter To Shareholders Highlighting Clear Progress Made And Promises Kept As It Executes Strategic Transformation
The Walt Disney Company (NYSE:DIS) Board of Directors today sent a letter to shareholders detailing the progress it has made and continues to make on its strategic priorities, delivering on the promises it made just over one year ago. The Board has been laser-focused on a strategy that will drive shareholder value. The Company has…
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Disney Board of Directors Sends Letter to Shareholders, Emphasizes Strong Results and Commitment to Driving Long-Term Shareholder Value
Announces 50% dividend increase from January dividend and share repurchase program with $3 billion targeted in fiscal 2024 Unveils a series of exciting new initiatives Encourages shareholders to visit VoteDisney.com for more information The Walt Disney Company (NYSE:DIS) Board of Directors today sent a letter to shareholders highlighting its strong first-quarter FY24 results and significant steps Disney…
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The Walt Disney Company Announces Annual Shareholder Meeting and Makes Case for Board Nominees
The Walt Disney Company has announced that this year’s annual shareholder meeting will be held on April 3, 2024. Along with announcing this year’s annual meeting, the company also made a case for why its nominees should be elected to the board of directors. This comes as Nelson Peltz and his Trian Group continues to…
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The Walt Disney Company Highlights Strength of its Highly Qualified Board and Clear Strategy to Deliver Growth and Shareholder Value
BURBANK, Calif., February 1, 2024 – The Walt Disney Company (NYSE:DIS) today sent a letter to shareholders outlining the strength of the Board of Directors and its oversight of Disney’s strategy and management team as the Company navigates a new era of building that will drive meaningful growth and shareholder value creation well into the…
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Nelson Peltz Attacks Disney After Bid to Join Board is Rejected
After Disney rejected Nelson Peltz’s efforts to join the board (shareholders could still choose otherwise), the activist investor is lashing out at the company. Peltz said that the company is suffering from “self-inflicted wounds” and should be aiming for “Netflix-like margins.” On Thursday in a proxy statement, Peltz said that Disney needs an overhaul of…
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Disney Makes Case for Rejection of Nelson Peltz’s Board Nominations
On Tuesday, The Walt Disney Company rejected Nelson Peltz’s nominations for its board of directors. The Nelson Peltz-led Trian Fund Management, L.P. and its affiliates had nominated Nelson Peltz and former Disney CFO Jay Rasulo to the board. This effort was also backed by former Disney executive Isaac Perlmutter, who was let go during cuts made…
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The Walt Disney Company Nominates 12 Directors For Election At Upcoming Annual Meeting Of Shareholders
BURBANK, Calif., January 16, 2024— The Walt Disney Company (NYSE: DIS) Board of Directors disclosed its recommended slate of 12 nominees for election at the 2024 Annual Meeting of Shareholders in preliminary proxy materials filed today with the Securities and Exchange Commission. The Board has unanimously recommended that shareholders vote for Mary T. Barra, Safra…
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Disney’s Makes Moves to Counter Activist Investor
Today Disney announced the first moves it has made to counter the efforts of activist investor Nelson Peltz. Disney announced a strategic partnership with ValueAct Capitol with an “information sharing” deal. Disney also secured support from Blackwells Capitol, which announced it is nominating three people to the Disney board as well. This move rivals Peltz’s…
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Former Disney Board Member Ignacio E. Lozano Jr. Passes Away at 96
The Walt Disney Company today announced the death of former Board of Director Ignacio E. Lozano Jr. at the age of 96. He died on Wednesday, December 27. He served on the Disney board for two decades from 1981 to 2001. He was also the chairman of Lozano Communications along with being the former publisher of…
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The Walt Disney Company Releases Statement on Trian’s Board of Directors Nominations
The Walt Disney Company responded to the nominations by Trian Fund Management, L.P. for the board of Disney. Today, Trian nominated both its CEO Nelson Peltz and also former Disney CEO Jay Rasulo to be on Disney’s board. “As Disney’s largest active shareholder, we can no longer sit idly by as the incumbent directors and…
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Disney Releases Statement in Response to Nelson Peltz and Board of Directors
The Walt Disney Company has released a statement in response to a statement that was released by Nelson Peltz, a founding partner of Trian. This was in regards to the the company as a whole and also its Board of Directors. This comes as Peltz continues to make moves to get two seats on Disney’s…
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Disney Parks, Experiences and Products Chairman Josh D’Amaro Joins Make-A-Wish America National Board of Directors
Josh D’Amaro, the Chairman of Disney Parks, Experiences and Products for The Walt Disney Company has joined the board of directors for Make-A-Wish America. Make-A-Wish made the announcement today. This board is comprised of 24 members from diverse backgrounds. The board members help Make-A-Wish with their skills to support the organization in human resources, finance,…
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The Walt Disney Company Underscores Board Strength And Focus On Value Creation, Sends Letter To Shareholders
BURBANK, Calif., February 2, 2023 – The Walt Disney Company Board of Directors (NYSE:DIS) today responded to materials issued by the Trian Group. The Disney Board of Directors is focused on delivering long-term sustainable value and continually works to ensure it is comprised of the right mix of experience, skills and perspectives to guide Disney,…
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Amy Chang And Calvin McDonald Elected To The Walt Disney Company Board Of Directors
BURBANK, Calif., May 27, 2021 – The Walt Disney Company (NYSE: DIS) Board of Directors announced the election of two new directors: Amy Chang, veteran technology executive, and Calvin McDonald, Chief Executive Officer of global athletic apparel company lululemon athletica inc. (NASDAQ: LULU). The elections of Ms. Chang and Mr. McDonald are effective immediately. “Amy…
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Shareholders Re-Elect Ten Directors At The Walt Disney Company Annual Meeting
BURBANK, Calif., March 9, 2021 – Shareholders of The Walt Disney Company (NYSE:DIS) re-elected all ten members of the Board of Directors at the virtual 2021 Annual Meeting held today. Based on preliminary results, all Disney Directors standing for election were elected to the Board: Susan E. Arnold, Mary T. Barra, Safra A. Catz, Robert…
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The Walt Disney Company Board Decides To Forgo Next Semi-Annual Cash Dividend
BURBANK, Calif., November 12, 2020 – The Walt Disney Company (NYSE: DIS) Board of Directors today announced that it will not declare a semi-annual cash dividend for the second half of fiscal 2020, in light of the ongoing impact of COVID-19 and the Company’s decision to prioritize investment in its direct-to-consumer initiatives. Forward Looking Statements…
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Looking Back, Looking Forward – DISNEY Reporter
Welcome to another edition of the DISNEY Reporter. Each week DISNEY Reporter shares the top headlines from the Disney and geek communities. This week the coronavirus continues to impact The Walt Disney Company. This leads to the cancellation of grad nights at the Disneyland Resort. COVID-19 has also led to the cancellation of San Diego…
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Disney CEO Bob Chapek Elected to Board of Directors for The Walt Disney Company
BURBANK, Calif., April 15, 2020—The Walt Disney Company (NYSE: DIS) Board of Directors has elected Disney Chief Executive Officer Bob Chapek to the Board. “Bob Chapek has demonstrated remarkable leadership in the face of unprecedented challenges that were unimaginable when he became CEO just seven weeks ago, and we’ve watched him navigate this very complex…
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Shareholders Elect Nine Directors at The Walt Disney Company Annual Meeting
RALEIGH, N.C., March 11, 2020 – Shareholders of The Walt Disney Company (NYSE:DIS) re-elected all nine members of the Board of Directors at the 2020 Annual Meeting held today at the Duke Energy Center for the Performing Arts in Raleigh, North Carolina. Based on preliminary results, all Disney Directors standing for election were elected to the…
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Who Would Win? – DISNEY Reporter
Welcome to another edition of the DISNEY Reporter. This week, the question is asked, who would win? This comes from a pitting of villains against each other by Cameron Jackson. At the Disneyland Resort, Ralph is set to break VR when he takes over the Void from Star Wars this fall. At Walt Disney World’s…