Disney’s board of directors is firing back against activist investor Nelson Peltz’s proposals to shareholders, issuing a statement to urge investors to reject the Trian Group candidate …
’s proposals to shareholders, issuing a statement to urge investors to reject the Trian Group candidate in the ongoing proxy battle he’s waging against the company and instead vote for their nominated candidate, Michael Froman.
“The Disney Board of Directors does not endorse Nelson Peltz as a nominee, and believes the election of either Mr.
See the full text of the letter Disney sent to shareholders Thursday, in response to Peltz’s latest proxy materials.We want to thank you for your investment in, and commitment to, The Walt Disney Company. An activist investor, Trian Fund Management, L.P., along with other entities affiliated with Nelson Peltz, has nominated Mr. Peltz for election as a director at the upcoming Annual Meeting in opposition to the nominees recommended by your Board.
Your company’s proxy materials will be mailed soon, including the WHITE card with voting instructions. Your vote FOR our nominees on the WHITE card will be especially important at this year’s upcoming Annual Meeting.
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