Disney urges shareholders to vote for its 12 director nominees

Disney urged shareholders to make sure their votes are in on the WHITE proxy card in support of Disney’s 12 director nominees. The company said, “Disney encourages ALL shareholders to vote their shares online or by telephone no later than 11:59 p.m. Eastern Time on April 2, 2024. Instructions to vote by internet or telephone can be found on the WHITE proxy card. Disney has the right strategy to drive profitable growth and value creation for shareholders – positioning our streaming businesses for sustained growth and profitability, reinvigorating the Company’s film studios, fortifying ESPN for the future and turbocharging growth in Disney’s Experiences business. We have made substantial progress to make our business more efficient and effective, including a sharpened focus on our greatest brand and franchise assets, a continued commitment to cutting costs and declaring dividend payments for January and July of this year. This strategic transformation is working, as evidenced through the 34%1 year-to-date increase in our stock price, outpacing both peers and the S&P. The Board and management remain focused on this building plan to create superior, sustainable shareholder value. Disney’s Board of Directors believes all of its 12 nominees are uniquely qualified to continue this important progress and create long-term shareholder value. The Board urges shareholders to protect their investment and the future of the Company by voting the WHITE proxy card FOR ONLY Disney’s 12 nominees NOW and not the Trian Group or Blackwells nominees.”