Shareholders of ESPN and ABC parent The Walt Disney Company have spoken, and based on the tabulation of its proxy solicitor, “it appears that Disney’s full slate of 12 directors has been elected by a substantial margin” over the nominees of The Trian Group and Blackwells at the company’s 2024 annual shareholders meeting.
While final voting tallies are subject to certification by Disney’s independent inspector of elections, and preliminary and final results will be included in the company’s forthcoming SEC filings, due in the next few days, it appears the battle waged by dissident shareholder Nelson Peltz for new leadership and a fresh business direction is over.
What’s next for Disney? Analysts at MoffettNathanson have shared their views on the matter.
