Disney Sets Date For Annual Shareholder Meeting Amid Proxy Fight
deadline.comDisney has finally unveiled the date for its annual meeting of shareholders, a virtual event to be held Monday, April 3 at 10 am PT.
It’s been a hotly awaited bit of information amid a flurry of SEC filings as activist investor Nelson Peltz of Trian Group is looking for a seat on the board in opposition to the company’s own slate.
He’s recommeded stockholders vote against one director Disney endorses, Michael Froman, and elect him instead. He’s taken issue with the company’s succession planning, among other things he’d like to see addressed, just as a newly returned Bob Iger has returned and Disney prepares to announce quarterly earnings Wed.
and possibly other news from restructuring to layoffs. The meetings, for Disney’s fiscal year which ends in Sept., are usually in early-mid March.
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