Disney Shareholders Overwhelmingly Support Iger, Current Board in Defeat of Activist Investor Peltz

• Disney shareholders voted to reelect all 12 company-backed board members, including CEO Bob Iger, defeating Nelson Peltz’s attempt to win board seats.

• Iger received 94% shareholder support, while Peltz only got 31% - a big win for Iger.

• The vote signals confidence in Iger's leadership and the current board after recent stock gains.

• But questions remain about succession planning when Iger's contract is up in 2026.

• The proxy fight was likely the most expensive ever at an estimated $70+ million spent between Disney and the activist investors.