Disney’s board urges shareholders to reject activist investors attempting to join board

Published: Feb. 1, 2024 at 5:28 p.m. ET

By

Jon Swartz

Walt Disney Co. DIS, +1.05% on Thursday said its board of directors is urging shareholders to “protect their investment and the future of the Company by voting the WHITE proxy card for only Disney’s 12 nominees and not the Trian Group or Blackwells nominees.” The latter groups are activist investors who are trying to place representatives on Disney’s board. Disney announced its shareholders meeting will be held April 3.

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Jon Swartz

Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.