Shareholders Re-Elect 11 Directors At The Walt Disney Company Annual Meeting

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Shareholders of The Walt Disney Company (NYSE:DIS) at the 2017 Annual Meeting recently elected 11 members of the Board of Directors and supported Board recommendations on the Company’s auditor and the advisory vote on executive compensation.

Disney Chairman and Chief Executive Officer Robert A. Iger welcomed shareholders to the meeting at the Bellco Theatre at the Colorado Convention Center in Denver and introduced independent Lead Director Orin C. Smith and the other members of the Board of Directors.

“Creative success drives opportunity across our entire company,” Mr. Iger told shareholders. “Over the last five years, we’ve delivered annualized growth of 14% in net income and 18% in earnings per share. To give you an even broader perspective on our long-term performance, from fiscal 2006 through fiscal 2016 we delivered a total shareholder return of 350%, far outperforming the 123% return delivered by the S&P 500 during the same period.”

Based on preliminary results, all Disney Directors standing for election were re-elected to the Board:

• Susan E. Arnold
• John S. Chen
• Jack Dorsey
• Robert A. Iger
• Maria Elena Lagomasino
• Fred H. Langhammer
• Aylwin B. Lewis
• Robert W. Matschullat
• Mark G. Parker
• Sheryl K. Sandberg
• Orin C. Smith

Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent accountants for the fiscal year ending September 30, 2017. They also approved the advisory resolution on executive compensation, along with a related resolution calling for such advisory votes to occur every year.

Shareholders agreed with the Board in rejecting two shareholder proposals, one regarding lobbying disclosure and the other regarding the Company’s proxy access bylaw.

Final voting tallies from this year’s annual meeting are subject to certification by the Company’s inspector of elections, and will be included in the Company’s report to be filed with the Securities and Exchange Commission within a week.

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