Disney has released their 2016 Proxy Statement for their upcoming Annual Meeting of Shareholders early. While the statement contains January dates, it was filed with the SEC today. Chairman and CEO Bob Iger made $44.9 million in total compensation during the company’s fiscal 2015. Last year, he brought in $46.5 million which was a record for him.
They also revealed that the annual meeting will be held at the Auditorium Theatre of Roosevelt University in Chicago at 10am on March 3
The items being considered are
- Election of the ten nominees named in the proxy statement as Directors, each for a term of one year.
- Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accountants for fiscal 2016.
- Consideration of an advisory vote to approve executive compensation.
- Amendment of the Restated Certificate of Incorporation
- Consideration of up to two shareholder proposals, if presented. One on never requiring a super-majority vote of shareholders and another on lobbying activity.
Shareholders of record of Disney common stock (NYSE: DIS) at the close of business on January 4, 2016, are entitled to vote at the meeting and any postponements or adjournments of the meeting.
Monica Lozano is not seeking relection as a member of the board due to term limits. Recently Disney announced the addition of Maria Elena Lagomasino to the board to keep the number of directors at 10.