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LPWire: Disney Statement on Shares Voted in Employee Savings Plans

Disney Statement on Shares Voted in Employee Savings Plans

Less than 9,400 of the about 36,000 participants in the employee savings plans actually cast a ballot, which is a turnout of just more than 25 percent. Of the 36,000 only approximately 22,500 (out of our 112,000-person work force) are active employees. While we won't know for certain until later this week if the 9,400 ballots were cast proportionately, if so, fewer that 6,000 would have been cast by active employees and it is completely uncertain at this point how many of those active employees actually cast votes to withhold. Per its previously announced procedure, Fidelity simply voted the entire group of 28.6 million employee plan shares in the same pro-rata proportion as those ballots actually cast. The number of shares cast is less than 1.5 percent of total shares outstanding.

--Posted April 19, 2004
Source: The Walt Disney Company

 

 

 


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