"Disney Shareholder Showdown: Board Defends Strategy as Activist Investor Battle Looms"
TL;DR
Disney has set April 3 as the date for its annual shareholder meeting, where activist investors Nelson Peltz's Trian Partners and Blackwells Capital have submitted their own board nominations. Trian is targeting two Disney directors and recommending Peltz and a former Disney CFO, while Blackwells is nominating three individuals. The company's proxy includes CEO Bob Iger's 2023 pay package and a formal rejection of the Trian nominees. Both Disney and the activist investors will have over two months to make their cases to shareholders, with third-party firms expected to weigh in on the matter.
- Disney’s Activist Investor Showdown Set for April 3 Shareholder Meeting Hollywood Reporter
- Battle for Disney's future heats up, company sets meeting date Reuters
- Nelson Peltz Makes Pitch to Get Disney's Creative Engine Firing Again Bloomberg
- Disney’s board urges shareholders to reject activist investors attempting to join board MarketWatch
- Disney Defends “Highly Qualified Board And Clear Strategy”, Reveals Date Of Annual Shareholder Meeting As Trian Renews Attacks In Proxy Fight Deadline
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