Disney Secures Board Seats, Shareholder Support in Proxy Fight Victory

• Disney won proxy fight against activist investors Trian Fund Management and Blackwells Capital, securing seats on the board of directors • Victory seen as major win for CEO Bob Iger, validating his leadership and plans for the company • Trian's Nelson Peltz and former Disney exec Jay Rasulo lost by wide margins, receiving less than a third of the vote • Retail shareholders overwhelmingly voted for Disney's candidates, with 75% supporting board nominees • Despite stumbles recently, win gives Iger runway to focus on turnaround plan and growth initiatives until his contract runs out in 2026