Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Disney Shareholders Elect 10 Directors At Annual Meeting

RELATED NEWS
Trade DIS now with 

Walt Disney Co. (DIS: Quote) said Tuesday that its shareholders elected 10 members of the Board of Directors at the 2012 Annual Meeting.

Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the company's independent accountants for the fiscal year ending September 29, 2012, and approved an amendment to the 2011 Stock Incentive Plan increasing the number of shares authorized to be issued under the company's plans. Shareholders also approved the advisory resolution on executive compensation.

Immediately following the annual meeting, Robert Iger, as expected, was formally elected Chairman in addition to his current role as Chief Executive Officer.

The Board, as previously announced, took this action to secure Iger's leadership through his expected retirement in 2016 to provide for an effective, seamless succession and management transition and a continuity of the company's proven strategy.

The company's Board of Directors also unanimously elected Orin Smith, 69, as the new independent lead director.

Click here to receive FREE breaking news email alerts for Walt Disney Co and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.