Disney CEO Bob Iger Urges Shareholders To Vote in NEW Video

Are you a Disney shareholder and invested in the future of the Walt Disney Company?

The Disney company has its annual shareholder meeting on April 3rd, 2024 and they want YOU to vote. The company is battling against two activist groups seeking a spot on the board of directors, and Disney is making every effort to ensure that doesn’t happen.  We first saw a new cartoon with  Professor Ludwig von Drake showing you how to cast your vote, and now a new video has been released for shareholders, this time with CEO Bob Iger.

In January, Disney revealed the 12 nominees they endorsed for the board of directors. At that time they also shared their official rejection of the activist nominees, Nelson Peltz and James Rasulo.

In an official statement, Disney stated, “The Board does not endorse the nominations of Nelson Peltz and James Rasulo put forth by Trian Fund Management, L.P., and its affiliates, led by Nelson Peltz and supported by former Disney executive Isaac Perlmutter (collectively, the “Trian Group”). The Board recommends that shareholders do not vote for the Trian Group nominees and that they reject a related proposal from the Trian Group to amend the Company Bylaws.”

Shareholders can vote now and must have their votes submitted before April 3rd when the results will be announced. Disney is adamant that you do not vote for the Trian group. After releasing their video of Professor Ludwig von Drake, CEO Bob Iger has now shared his new video, urging shareholders to vote for their nominated 12 directors.

In his video, Iger starts by saying that he wants to touch on the company’s achievements and share why shareholders’ votes are so important to Disney’s future. He continues adding that it’s been a busy and challenging time since he returned, but they have made significant progress and he’s “optimistic about the future.”

Iger continues by highlighting several milestones from the past year and announcements that were made during the first quarter earnings call. He mentioned that they had added a second, higher dividend for shareholders and are initiating a $3 million stock buyback program. He also mentions that “one of [their] biggest priorities” is making sure that Disney remains one of the most admired companies.

He acknowledges that all of their new lofty goals take work and adds, that this is why “major distractions we’re facing from activist investors are exactly what we don’t need.”

He goes on to say, “I’m urging you to vote for the Disney board’s recommended slate of nominees on the white proxy card, and NOT to vote for the nominees presented by these activist hedge funds,” he continues adding, “You have the power to make sure we are able to continue our momentum from the past year.”

Throughout the video, Iger remains optimistic and is surrounded by beloved Disney scenes. He reiterated his four main goals for the company and stated, “The leadership team at our company is experienced and highly motivated.”

If you’re a Disney shareholder, Disney wants your vote. You have until April 3rd to cast your vote, and we’ll find out the results at the 2024 Annual Shareholder Meeting.

Until then, keep following AllEars for more Disney news.

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