Disney Board Overwhelmingly Reelected Despite Activist Challenge

Disney released official vote tallies from 2024 shareholder meeting, showing 9 of 12 board candidates backed by Disney received over 90% of shares voted
Activist investor Nelson Peltz received 31% of shares voted for his board nomination; fellow dissident nominee Jay Rasulo got 12%
Disney CEO Bob Iger received 94% support for his re-election to the board
Incumbents Maria Elena Lagomasino (63% support) and Michael Froman (88%), along with Chairman Mark Parker (88%), received the lowest vote totals among Disney nominees
Peltz warned he would revive fight for board seats if Disney doesn't follow through on promises like timely CEO succession planning