Blackwells Capital Files Preliminary Proxy Statement for Disney’s 2024 Annual Meeting

NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) — Blackwells Capital, a shareholder of The Walt Disney Company (“Disney” or the “Company”) (NYSE:DIS) last week filed a preliminary proxy statement with the Securities and Exchange Commission (“SEC”) in connection with its nomination of three highly qualified candidates – Jessica Schell, Craig Hatkoff and Leah Solivan – for election to the board of directors of Disney (the “Board”) at the Company’s 2024 annual meeting of shareholders (the “2024 Annual Meeting”).

Shareholders are faced with three competing candidate slates at the 2024 Annual Meeting – Disney’s, Trian’s and Blackwells’. In our view, only Blackwells’ highly qualified candidates are in a position to support Disney’s transformation efforts, adding expertise that is demonstrably lacking, while making sure the Disney Board doesn’t become a forum for personal grievances and reckless behavior. Moreover, Disney’s preliminary proxy statement paints a picture of a Board focused less on transforming the Company and more on preventing contrarian viewpoints and expertise from entering the boardroom.