Leading Proxy Advisory Firm ISS Recommends Disney Shareholders Vote “FOR” Nelson Peltz at Disney’s Annual Meeting
NEW YORK, March 21, 2024 (GLOBE NEWSWIRE) -- The Trian Group,1 which beneficially owns over $3.5 billion of common stock in The Walt Disney Company (NYSE: DIS), today announced that Institutional Shareholder Services Inc. (“ISS”), the largest and most influential proxy advisory firm, recommends that Disney shareholders vote “FOR” Nelson Peltz and “WITHHOLD” on Maria Elena Lagomasino on Trian’s BLUE proxy card in connection with Disney’s annual meeting on April 3, 2024.
- ISS recognizes that Disney has a record of “multi-year underperformance” and emphasizes the need for change on the Disney Board.
- He could also help evaluate future capital allocation decisions.”
“[We do] not have any concerns about [Mr. Rasulo’s] ability to serve as an objective director.”
Maria Elena Lagomasino and Michael B.G. - As Disney’s annual meeting is less than two weeks away, it is important that shareholders vote TODAY.
- Shareholders must submit their vote no later than April 2, 2024, at 11:59pm ET.