logo
Plus   Neg
Share
Email
Comment

Disney Shareholders Elect 10 Directors At Annual Meeting

Walt Disney Co. (DIS) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Google plans to commission three underwater cables in 2019 as part of efforts to expand its cloud business amid stiff competition from rivals Microsoft and Amazon. The three fiber-optic subsea cables will run across different routes. Google noted that it has spent $30 billion to improve its infrastructure over three years. McDonald's Corp. said Tuesday that all of its packaging worldwide will come from renewable, recycled or certified sources by 2025, up from the current figure of 50 percent. The fast food giant also aims to recycle guest packaging in all its restaurants by then, compared with only 10 percent of its restaurants currently. General Electric Co. (GE) will take an after-tax charge of $6.2 billion in its fourth quarter results as part of comprehensive review of its finance arm's insurance portfolio. The after-tax charge will be $7.5 billion when adjusted to the rate following the recent U.S. tax overhaul.
comments powered by Disqus
Follow RTT