Shareholders Re-Elect 11 Directors at The Walt Disney Company Annual Meeting
March 08 2017 - 2:00PM
Business Wire
Shareholders of The Walt Disney Company (NYSE:DIS) at the 2017
Annual Meeting today elected 11 members of the Board of Directors
and supported Board recommendations on the Company’s auditor and
the advisory vote on executive compensation.
Disney Chairman and Chief Executive Officer Robert A. Iger
welcomed shareholders to the meeting at the Bellco Theatre at the
Colorado Convention Center in Denver and introduced independent
Lead Director Orin C. Smith and the other members of the Board of
Directors.
“Creative success drives opportunity across our entire company,”
Mr. Iger told shareholders. “Over the last five years, we’ve
delivered annualized growth of 14% in net income and 18% in
earnings per share. To give you an even broader perspective on our
long-term performance, from fiscal 2006 through fiscal 2016 we
delivered a total shareholder return of 350%, far outperforming the
123% return delivered by the S&P 500 during the same
period.”
Based on preliminary results, all Disney Directors standing for
election were re-elected to the Board:
- Susan E. Arnold
- John S. Chen
- Jack Dorsey
- Robert A. Iger
- Maria Elena Lagomasino
- Fred H. Langhammer
- Aylwin B. Lewis
- Robert W. Matschullat
- Mark G. Parker
- Sheryl K. Sandberg
- Orin C. Smith
Shareholders ratified the appointment of PricewaterhouseCoopers
LLP as the Company’s independent accountants for the fiscal year
ending September 30, 2017. They also approved the advisory
resolution on executive compensation, along with a related
resolution calling for such advisory votes to occur every year.
Shareholders agreed with the Board in rejecting two shareholder
proposals, one regarding lobbying disclosure and the other
regarding the Company’s proxy access bylaw.
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 entertainment
and media enterprise with four business segments: media networks,
parks and resorts, studio entertainment, and consumer products and
interactive media. Disney is a Dow 30 company and had annual
revenues of $55.6 billion in its Fiscal Year 2016.
Forward Looking Statements:
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are made
on the basis of management’s views and assumptions regarding future
events and business performance as of the time the statements are
made. Management does not undertake any obligation to update these
statements. Actual events may differ materially from those
expressed or implied. Such differences may result from actions
taken by the Company, as well as from developments beyond the
Company's control, including international, political, health
concern and military developments and changes in domestic and
global economic conditions that may affect our businesses
generally. Additional factors are set forth in the Company's Annual
Report on Form 10-K for the year ended October 1, 2016 under Item
1A, "Risk Factors," and subsequent reports.
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version on businesswire.com: http://www.businesswire.com/news/home/20170308006049/en/
The Walt Disney CompanyZenia Mucha(818)
560-5300zenia.mucha@disney.comorDavid Jefferson(818)
560-4832david.j.jefferson@disney.com
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