Trian Fund Management, which beneficially owns $3 billion in Disney stock, has submitted notice of its intention to nominate founding partner Nelson Peltz and former Disney chief financial officer Jay Rasulo as independent directors on the entertainment giant’s board at its 2024 annual meeting of shareholders.
In a statement, Disney said its governance and nominating committee would review Trian’s proposed nominees and provide a recommendation to the board. The company will file preliminary materials on its annual meeting with the U.S. Securities and Exchange Commission, which will include the board’s recommended slate of director nominees.
“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 added.
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