By Disney shareholders shot down activist investor Nelson Peltz‘s efforts to win seats on the board of directors at the company with investors voting to re-elect all twelve of the company-backed board members, including CEO Bob Iger.
According to Variety, the results were announced Wednesday at the company’s 2024 meeting of shareholders. They end what has been dubbed the most expensive corporate proxy fight in history.
Final vote counts will be disclosed in subsequent meeting minutes, but the win over Peltz is said to have been by a “substantial margin”.
Iger won re-election with 94% of the votes cast in his favor according to preliminary results. The incumbent Disney director Maria Elena Lagomasino, whom Peltz urged investors to kick off the board, in fact received twice as many votes as Peltz did.
Along with sorting out its executive levels, Disney released some new promo material from upcoming titles including a new still from the “Moana” sequel, whilst the first shots from “Mufasa: The Lion King” aired during a promo reel.
First look at ‘Mufasa: The Lion King’
Releasing in theaters December 20 pic.twitter.com/3Dl8poMHCP
— Culture Crave (@CultureCrave) April 3, 2024
New look at Moana in ‘MOANA 2’
The film hits theaters in November. pic.twitter.com/DMEGJ1P14e
— Disney Animation Promos (@DisneyAPromos) April 3, 2024
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