Blackwells Capital: Nelson Peltz is Not the Change Disney’s Board Needs
NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, LLC (“Blackwells”), a shareholder of The Walt Disney Company (“Disney” or the “Company”) (NYSE:DIS), today released a letter to fellow Disney shareholders in connection with the Company’s Annual Meeting of Stockholders to be held on April 3, 2024, available here, at www.TheFutureOfDisney.com, and reproduced in full below:
- The Board needs directors who are independent and who will guide management into the future and contribute relevant skills and experience.
- Blackwells and its three nominees have identified certain governance failings at Disney that they believe can be corrected by adding to the Board the talents and capabilities that Blackwells’ nominees offer.
- The Board does not need nominees driven by personal grievances or animus towards management, as we believe Trian Partners’ (“Trian”) nominees Nelson Peltz and Jay Rasulo are.
- Disney Shareholders – Please vote your proxy today on the GREEN universal proxy card “FOR” each of the Blackwells nominees and the Blackwells proposal.