logo
Share SHARE
FONT-SIZE Plus   Neg

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
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT