Disney Takes Lead Over Activist Investor in Board Elections

• Disney and CEO Bob Iger have pulled into the lead for each of their 12 board candidates to win reelection, after more than half of shareholder votes have been cast ahead of April 3 annual meeting

• Institutional investors BlackRock and T. Rowe Price are supporting Disney's full slate of director nominees over activist investor Nelson Peltz

• Peltz had been leading the race to replace one Disney board member, but now trails after over 50% of shares have been voted

• The outcome is still uncertain as individual Disney shareholders own over one-third of outstanding shares, making them a key factor

• Peltz claims he supports Iger as CEO and a board candidate, but wants to shake up the board for "botching" CEO succession planning with Chapek