Disney successfully defended its board against activist investor Nelson Peltz and Jay Rasulo during its 2024 annual shareholders meeting held on April 3, securing enough votes to maintain its preferred board composition. The company released official vote tallies, revealing that 9 of its 12 board candidates received more than 90% of the shares cast in their favor, with Peltz losing to Lagomasino by a 2-to-1 margin. Among the board members, James Gorman emerged as the leading vote-getter. This victory comes amidst a broader context of Disney's proxy fight and concerns over its stance on various issues, including those labeled as 'woke'. The results underscore Disney's ability to rally shareholder support against challenges to its corporate governance.
Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. https://t.co/Zp9qdc7dRF
Disney Board Election Tally Shows James Gorman Leading All Vote-Getters https://t.co/oYdlNjf8Gh
Disney Releases Official Vote Tallies from 2024 Shareholders Meeting, Showing 9 of Its 12 Board Candidates Received More Than 90% Shares Cast in Their Favor https://t.co/Bi97ze2zLT via @variety
Disney Releases Official Vote Tallies from 2024 Shareholders Meeting, Showing 9 of Its 12 Board Candidates Received More Than 90% Shares Cast in Their Favor https://t.co/Zp9qdc6G27
NEW: Here's the official $DIS board votes from last week's shareholder meeting. It was already reported Peltz lost to Lagomasino by a 2-to-1 margin - but here's the breakdown of votes: https://t.co/FYN5AFvSmG
Disney won a board fight against Nelson Peltz and Jay Rasulo at its annual meeting by getting enough votes from shareholders. https://t.co/dQYyQ8rPCU
Disney's proxy fight is over, but that doesn't mean it's escaped the war over "woke," says @Bethkowitt https://t.co/4P67df65aw
On The Powers That Be… — @WilliamCohan joins @PeterHamby to discuss Shari Redstone’s decision to go forward with Skydance and Bob Iger’s proxy war success. — @eriqgardner and @Ben_Landy broach the latest A.I. minefield. https://t.co/TJOdKbVKNR