Walt Disney Company (the) · NYSE:DIS
Walt Disney Company (the) — Proxy Contest (February 2024)
11 slides from Walt Disney Company (the)'s proxy contest presentation, Feb 27, 2024
Slide 1: Legal Notices: The truth matters
LEGAL NOTICES The truth matters. Shareholders rightfully expect directors to base their statements on facts, The activists and their nominees have not lived up to this expectation. Below are some Important facts that we’re highlighting because we know you share our passion for continuing Disney’s re
Slide 2: Peltz claims media expertise
X FALSE CLAIM In his letter to shareholders, Nelson Peltz claims he has media expertise. “By the way, they said I have no media experience. I don’t claim to have any” Nelson Peltz, January 18.2024 01
Slide 3: Jay Rasulo's media experience and iHeartMedia decline
X FALSE CLAIM Trian claims Jay Rasulo’s media experience and business acumen will be additive to the Disney Board. Mr. Rasula left Disney in 2016, and eight years later, hi; perspective on the media industry is stale. Since he joined the iHeartMedia Board in May 2019 as Lead Independent Director, th
Slide 4: Peltz claims a stake of over $3 billion in Disney
X FALSE CLAIM Mr. Peltz claims Trian Partners has a stake of >$3 billion (~33 million shares) in Disney and to speak for all shareholders. . THE TRUTH According to Trim’s own filings, Mr. Peltz and Trian Fund Management own 6.8 million Disney shares, fewer than the 9.4 million shares Trian owned a y
Slide 5: Peltz claims he was caught in a Disney mousetrap
X FALSE CLAIM Mr. Peltz claims he has been caught in a “Disney mousetrap,” 04 Mr. Peltz did not buy shares in Disney until November 2022 and sold 33% of his stake in early 2023. generating a significant profit for himself of over $150 million. Peltz’s Disney Bet Makes More Than $150 Million In Three
Slide 6: Peltz claims boards he sat on outperformed the S&P
X FALSE CLAIM Mr, Peltz claims the Boards on which he has sat have, on average, outperformed the S&P by 900bps annually. 05 The Truth PeltzTrian involvement on board; resulted in TSR unde [performance versus the S&P 500 in -68% of cases. NELSON PELTZ AS BOARD MEMBER ¦ OTHER TRIAN REP AS BOARD MEMBER
Slide 7: Trian claims Disney refused to engage with Peltz
X FALSE CLAIM Trian claims Disney has refused to engage with Mr. Peltz. 06 Sines Mr. Peltz ended! his proxy contest in February 2023. the Board Slid management have maintained art open dialogue with him and the Trian Group, having no Less than 20 meaningful interactions. Mr. Peltz was offered the op
Slide 8: Trian claims Disney's Board is closed to new ideas
X FALSE CLAIM Trian claims Disney’s Board is closed to new ideas and refuses to heed input from shareholders. p THE TRUTH Over the past 18 months. Mr. Peltt has resurfaced old ideas which have been considered and dismissed, suggested actions that already were in motion, or proposed ideas that demons
Slide 9: Peltz claims Disney+ has been poorly managed
X FALSE CLAIM Mr. Peltz claims that Disney+ is an emerging streaming business that has been poorly managed. THE TRUTH Disney has built the second largest global streaming platform with more than 180 million subscriptions across Disney*, Hulu and ESPN*. We are competitively differentiated by our IP,
Slide 10: Your vote matters. Use the WHITE proxy card
Your vote matters. Remember to use the WHITE proxy card. Terms of use of Privacy Policy Your US State Privacy Rights Do not sell or share my personal information My Personal Children’s online privacy policy Internet based ads Lega notices contacts expert analysis company news our board how to vote
Slide 11: Shareholder Materials Downloads
Shareholder Materials Downloads February 26, 2024 Letter to Shareholders Disney highlights progress made and promises kept February 14, 2024 Shareholder Brochure See how Disney is delivering on its strategy: Learn how to vote February 12, 2024 Letter to Shareholders Learn more about Disney’s excitin