Disney Leadership Faces Shareholder Vote as Activist Investor Nelson Peltz Seeks Board Seats

• Proxy war between Nelson Peltz and Disney leadership culminating in shareholder vote on March 8th • Peltz seeking board seats for himself and former Disney CFO to influence future strategy • Unclear what specific changes Peltz would make, but has criticized "woke" films and succession planning • Both sides have spent over $60 million trying to woo investors to their side • Even if Iger wins vote, battle has punctured his aura of invincibility and could continue if stock struggles