Annual Mtg: First Shareholder Proposal – Shareholders Nominate a Board Member

The proposal says long-term shareholders with a significant stake should be able to nominate 1 or 2 candidates for the Board of Directors. Allows them to get someone on the board without a proxy fight. Responds to points Disney has already made in opposition. Mentions companies that have a similar proposal have not had issues Disney has raised.

Disney’s Board recommends a vote against this proposal.