DIS - Nelson Peltz Calls Out Bob Iger Disney Board For Underperformance 'On Every Measure' | Benzinga
Trian Partners founder and CEO Nelson Peltz has nominated himself and former Walt Disney Co (NYSE:DIS) CFO Jay Rasulo to Disney’s board as part of his ongoing proxy fight with the entertainment giant.
What To Know: Trian Partners previously announced it would nominate two directors at Disney’s 2024 annual meeting as part of a proxy battle at Disney.
Disney made it clear this week it “does not endorse” any of the candidates nominated by activist shareholders. Instead, the company urged shareholders to support Disney's 12 nominees.
In a preliminary proxy filing on Thursday, Peltz called out Disney for refusing to engage with its largest shareholder. Trian Partners announced last year that it owns close to 33 million shares.
"It is unfortunate that a company as iconic as Disney and with so many challenges and opportunities has refused to seriously engage with us, its largest active shareowner, about board representation," Peltz said.
“We will seek the support of shareholders for meaningful change ...