Business Context and Reporting Period
The Walt Disney Company filed this Form 8-K on March 10, 2021, reporting matters submitted to shareholders at its annual meeting held March 9, 2021. The filing addresses corporate governance and shareholder votes, not operating or financial results.
Financial and Liquidity Information
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial performance metrics.
Annual Meeting Results
- All ten director nominees were elected, including Robert A. Chapek and Robert A. Iger.
- Shareholders ratified PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm: 1,411,564,384 votes for, 52,554,829 against, and 3,703,481 abstentions.
- The advisory vote on executive compensation was approved: 825,451,793 votes for, 380,387,797 against, 13,132,293 abstentions, and 248,850,811 broker non-votes.
- A shareholder proposal requesting an annual report on lobbying policies and activities was not approved: 398,834,790 votes for, 808,562,314 against, 11,574,779 abstentions, and 248,850,811 broker non-votes.
- A shareholder proposal requesting inclusion of non-management employees on director nominee candidate lists was not approved: 74,729,162 votes for, 1,128,691,454 against, 15,551,267 abstentions, and 248,850,811 broker non-votes.
Guidance, Outlook, Risks, and Unusual Items
The filing does not provide management guidance, business outlook, risk disclosures, contingencies, or unusual financial items. No material operating changes are reported.
Key Facts to Verify
- Confirm the election of all ten director nominees and the composition of Disney’s board following the meeting.
- Review the level of opposition to the advisory executive-compensation vote, which included 380.4 million votes against.
- Confirm that both shareholder proposals failed and assess any subsequent governance or disclosure actions.
- Use Disney’s periodic financial filings for current revenue, profitability, cash flow, debt, liquidity, and outlook information, which are not included in this Form 8-K.