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Statement From The Walt Disney Company

Retrieved on:

Thursday, December 14, 2023

Film & Motion Pictures, Theme Parks, General Entertainment, Entertainment, TV and Radio, Annual general meeting, The Walt Disney Company, NYSE, Partnership, Security (finance), Committee, Trians

The Walt Disney Company (NYSE: DIS) confirmed today that Trian Fund Management, L.P., alongside certain affiliates, including Trian’s previously disclosed partnership with Isaac Perlmutter pursuant to which it obtained beneficial ownership of Mr. Perlmutter’s Disney shares (collectively, “Trian”), has provided notice of its intent to nominate two individuals for election to the Company’s Board of Directors at the 2024 Annual Meeting of Shareholders.

Key Points:

The Walt Disney Company (NYSE: DIS) confirmed today that Trian Fund Management, L.P., alongside certain affiliates, including Trian’s previously disclosed partnership with Isaac Perlmutter pursuant to which it obtained beneficial ownership of Mr. Perlmutter’s Disney shares (collectively, “Trian”), has provided notice of its intent to nominate two individuals for election to the Company’s Board of Directors at the 2024 Annual Meeting of Shareholders.
Disney has an experienced, diverse, and highly qualified Board that is focused on the long-term performance of the Company, strategic growth initiatives including the ongoing transformation of its businesses, the succession planning process, and increasing shareholder value.
The Company expects to file preliminary materials with respect to the 2024 Annual Meeting of Shareholders with the Securities and Exchange Commission (“SEC”), which will include the Board’s recommended slate of director nominees.
Disney shareholders are not required to take any action at this time.

Statement From The Walt Disney Company

Retrieved on:

Thursday, November 30, 2023

The Walt Disney Company (NYSE: DIS) issued the following statement today in response to the statement released by Nelson Peltz, founding partner of Trian, relating to Disney and its Board of Directors:

Key Points:

The Walt Disney Company (NYSE: DIS) issued the following statement today in response to the statement released by Nelson Peltz, founding partner of Trian, relating to Disney and its Board of Directors:
The Walt Disney Company has a proven track record of delivering long-term value to our shareholders and is in the midst of a significant transformation to reinforce our position as the world’s preeminent entertainment company.
Disney is moving from a period of fixing to a new era of building, as the entire media sector navigates the crosscurrents of the competitive landscape for streaming.
As also announced yesterday, Disney board member Francis A. deSouza has decided not to stand for reelection at the annual meeting.
Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders.

Trian Issues Statement Regarding The Walt Disney Company Board

Retrieved on:

Thursday, November 30, 2023

Banking, Professional Services, Finance, Asset, NYSE, The Walt Disney Company, Film industry, Cryptocurrency, Trians

Trian Fund Management, L.P. (together with its affiliates, “Trian” or “we”) beneficially owns approximately $3 billion of stock in The Walt Disney Company (NYSE: DIS) (“Disney” or the “Company”).

Key Points:

Trian Fund Management, L.P. (together with its affiliates, “Trian” or “we”) beneficially owns approximately $3 billion of stock in The Walt Disney Company (NYSE: DIS) (“Disney” or the “Company”).
This morning, following conversations with Disney’s CEO, Disney extended an offer to Trian to meet with the Board but informed Trian that the Board is turning down Trian’s recent request for Board representation, including Nelson Peltz.
Trian said the following regarding the discussions:
“Since we gave Disney the opportunity to prove it could ‘right the ship’ last February, up to our re-engagement weeks ago, shareholders lost ~$70 billion of value.
Trian intends to take our case for change directly to shareholders.”

ICR Hosts Garden Investments Chairman & CEO Ed Garden on Episodes 100 and 101 of the Welcome to the Arena Podcast

Retrieved on:

Thursday, November 9, 2023

ICR , a leading strategic communications and advisory firm, is pleased to announce that Ed Garden, Chairman & CEO of Garden Investments and former Chief Investment Officer of Trian Fund Management, recently appeared on Episode 100 of ICR’s “Welcome to the Arena” podcast.

Key Points:

ICR , a leading strategic communications and advisory firm, is pleased to announce that Ed Garden, Chairman & CEO of Garden Investments and former Chief Investment Officer of Trian Fund Management, recently appeared on Episode 100 of ICR’s “Welcome to the Arena” podcast.
The second installment of this two-part discussion will air as Episode 101 on November 18.
Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR.
In Part Two, they discuss Ed's work on various Boards of Directors, the launch of Garden Investments, and his plan to make philanthropy a big part of his success.

Janus Henderson Announces Changes to Board of Directors

Retrieved on:

Friday, June 2, 2023

Janus Henderson Group plc (NYSE/ASX: JHG) (“Janus Henderson” or the “Company”) today announced that Ed Garden has resigned from the Company’s Board of Directors, and Josh Frank, a Partner at Trian Fund Management, L.P. (“Trian”), has been appointed as an independent non-executive director in place of Mr. Garden, both effective as of June 9, 2023.

Key Points:

Janus Henderson Group plc (NYSE/ASX: JHG) (“Janus Henderson” or the “Company”) today announced that Ed Garden has resigned from the Company’s Board of Directors, and Josh Frank, a Partner at Trian Fund Management, L.P. (“Trian”), has been appointed as an independent non-executive director in place of Mr. Garden, both effective as of June 9, 2023.
John Cassaday, Chair of the Janus Henderson Board of Directors, said:
“On behalf of the Board, I want to thank Ed for his significant contributions to the Company’s purpose of helping its clients, and their clients, invest in a brighter future together.
While we are sorry to lose his helpful insights, we are delighted to welcome Josh as an independent director on the Board.
I look forward to working closely with the other members of the Board and Ali and his management team, to help guide and position Janus Henderson for future success.”

Innisfree M&A Incorporated Names Meredith Cole and Scott Winter Co-Chairs

Retrieved on:

Tuesday, May 16, 2023

Innisfree M&A Incorporated, the nation’s leading proxy solicitation and investor relations advisory firm, today announced leadership appointments that support the firm’s continued growth and recognize the extraordinary depth of talent across the organization.

Key Points:

Innisfree M&A Incorporated, the nation’s leading proxy solicitation and investor relations advisory firm, today announced leadership appointments that support the firm’s continued growth and recognize the extraordinary depth of talent across the organization.
The following appointments are effective immediately:
Arthur Crozier, Chairman, has assumed the newly created role of Executive Chair;
Founding Managing Director Meredith Cole and Managing Director Scott Winter have been appointed Co-Chairs;
Founding Managing Director Jennifer Shotwell has taken the title of Co-Founder, Senior Managing Director; and
Managing Director Larry Miller has become a Senior Managing Director.
Crozier, Shotwell, Cole, Winter, and Miller will continue to comprise the Firm’s Management Committee.
Our team of talented, hard-working and client-focused individuals has achieved an unmatched track record in high-stakes corporate campaigns and shareholder identification.

Statement by Walt Disney Co.’s Largest Individual Shareholder Ike Perlmutter on Ending His Working Relationship with Company

Retrieved on:

Wednesday, April 5, 2023

Entertainment, Theme Parks, Other Entertainment, Family, TV and Radio, Celebrity, Film & Motion Pictures, Consumer, Licensing (Entertainment), In re Walt Disney Co. Derivative Litigation, Walt Disney, Marvel Entertainment, Employment, Marvel, NYSE, Amusement park, Trians, The Walt Disney Company

The following is a statement by Ike Perlmutter, former Chairman of Marvel Entertainment and the largest individual shareholder of The Walt Disney Co. (NYSE: DIS) explaining the reason he believes he ended his working relationship with the company on March 29, 2023.

Key Points:

The following is a statement by Ike Perlmutter, former Chairman of Marvel Entertainment and the largest individual shareholder of The Walt Disney Co. (NYSE: DIS) explaining the reason he believes he ended his working relationship with the company on March 29, 2023.
“I have long expected that my working relationship with Disney would end.
That it should come as a result of my trying to help Disney improve its business should sadden many shareholders as it does me, the company’s largest individual shareholder.
Despite my employment termination, I will continue to hold my shares of Disney and continue to seek improvements at the company for the benefit of all stakeholders.

Trian Applauds Recent Initiatives Announced by Disney as a Win for All Shareholders and Concludes Proxy Campaign

Retrieved on:

Thursday, February 9, 2023

Other Entertainment, Entertainment, Professional Services, Finance, Thought, NYSE, Asset, The Walt Disney Company, Management, Trians

Trian Fund Management, L.P. (“Trian”), whose investment funds collectively own approximately 9.4 million common shares of The Walt Disney Company (NYSE: DIS) (“Disney” or the “Company”) valued at approximately $1 billioni, today issued the following statement:

Key Points:

Trian Fund Management, L.P. (“Trian”), whose investment funds collectively own approximately 9.4 million common shares of The Walt Disney Company (NYSE: DIS) (“Disney” or the “Company”) valued at approximately $1 billioni, today issued the following statement:
“We congratulate Disney and Bob Iger on their recently announced operating initiatives, which are a win for all shareholders and broadly align with our thinking.
We are pleased with the role that Trian was able to play in helping to focus the Board to take decisive actions which we believe will lead to better financial results.
We were also pleased to see the Company's pledge to restore the dividend.
Now it’s about execution and ensuring best in class corporate governance going forward.

Trian Nominates Nelson Peltz for Election to Disney Board

Retrieved on:

Wednesday, January 11, 2023

Trian’s objective is to create sustainable, long-term value at Disney by working WITH Bob Iger and the Disney Board.

Key Points:

Trian’s objective is to create sustainable, long-term value at Disney by working WITH Bob Iger and the Disney Board.
To that end, Trian has tried to effect a resolution through constructive dialogues with members of the Disney Board and management team over the past several months.
Nelson Peltz is Chief Executive Officer and a Founding Partner of Trian.
More information about Trian and its thesis for constructive change at Disney can be found at: RestoreTheMagic.com

Janus Henderson Announces Changes to Board of Directors

Retrieved on:

Tuesday, November 15, 2022

Janus Henderson Group plc (NYSE/ASX: JHG) (Janus Henderson or the Company) today announced that current board member, John Cassaday, has been appointed to succeed Richard Gillingwater as Chair of the Janus Henderson Board following Mr. Gillingwaters retirement, effective December 31, 2022.

Key Points:

Janus Henderson Group plc (NYSE/ASX: JHG) (Janus Henderson or the Company) today announced that current board member, John Cassaday, has been appointed to succeed Richard Gillingwater as Chair of the Janus Henderson Board following Mr. Gillingwaters retirement, effective December 31, 2022.
Richard Gillingwater, Chair of the Janus Henderson Board of Directors, said: We are thrilled that John is taking on this critical role.
John Cassaday, member of the Janus Henderson Board of Directors and Chair-elect, said: I am honored to be appointed Chair of the Janus Henderson Board and to follow in the footsteps of Richards legacy of strong leadership and commitment to the Company.
I look forward to working closely with the Board and the management team to help guide and position Janus Henderson for future success.