Shareholders Re-elect Ten Directors at The Walt Disney Company Annual Meeting

Rhea-AI Summary

Shareholders of The Walt Disney Company (NYSE:DIS) re-elected all ten members of the Board of Directors during the virtual 2021 Annual Meeting. Elected directors include Susan E. Arnold, Mary T. Barra, and Robert A. Iger, among others. Additionally, PricewaterhouseCoopers LLP was ratified as independent accountants for the fiscal year ending October 2, 2021. Shareholders also approved an advisory resolution on executive compensation. Two shareholder proposals regarding lobbying disclosure and employee representation in nominations were rejected. Final tallies will be certified and reported to the SEC.

Positive

• All ten Board members re-elected, including notable figures like Robert A. Iger.
• PricewaterhouseCoopers LLP appointed as independent accountants for fiscal year 2021.

Negative

• Two shareholder proposals rejected, potentially reflecting shareholder dissatisfaction on transparency and governance.

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 A. Chapek, Francis A. deSouza, Michael B. G. Froman, Robert A. Iger, Maria Elena Lagomasino, Mark G. Parker, and Derica W. Rice.

Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent accountants for the fiscal year ending October 2, 2021. They also approved the advisory resolution on executive compensation.

Shareholders agreed with the Board in rejecting two shareholder proposals, one on lobbying disclosure and the other requesting non-management employees be included on director nominee candidate lists.

Final voting tallies from this year’s annual meeting are subject to certification by the Company’s inspector of elections, and will be included in the Company’s report to be filed with the Securities and Exchange Commission within a week.

About The Walt Disney Company

The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise that includes Disney Parks, Experiences and Products; Disney Media & Entertainment Distribution; and three content groups—Studios, General Entertainment and Sports—focused on developing and producing content for DTC, theatrical and linear platforms. Disney is a Dow 30 company and had annual revenues of $65.4 billion in its Fiscal Year 2020.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210309005939/en/

FAQ

What were the results of The Walt Disney Company annual meeting on March 9, 2021?

All ten Board members were re-elected and PricewaterhouseCoopers LLP was ratified as independent accountants.

Who were re-elected to the Board of Directors of Disney in 2021?

The re-elected Board members included Susan E. Arnold, Mary T. Barra, and Robert A. Iger.

What did shareholders approve during Disney's 2021 Annual Meeting?

Shareholders approved the advisory resolution on executive compensation and ratified independent accountants.

What shareholder proposals were rejected at Disney’s recent annual meeting?

Proposals regarding lobbying disclosure and inclusion of non-management employees in director nominations were rejected.

When will the final voting results from Disney's 2021 Annual Meeting be reported?

Final voting tallies will be certified and reported within a week to the SEC.