Disney’s showdown with activist investor and Trian Fund Management founder Nelson Peltz at the entertainment giant’s 2024 annual meeting is set for April 3. Shareholders of record as of the close of business on Feb. 5 will be entitled to vote at the meeting.
Disney said in its notification to shareholders on Thursday that it has the “right strategy to drive profitable growth and value creation,” touting its “substantial progress” in making the business more efficient and effective, including a sharpened focus on its brand and franchises, a continued commitment to cutting costs and a reinstatement of the company’s dividend.
“The Company, its management and the Board remain focused on this building plan, which will position our streaming businesses for sustained growth and profitability, reinvigorate the Company’s film studios, fortify ESPN for the future and turbocharge growth in Disney’s Experiences business,” Disney added.
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