Disney Board Adopts New Rules for Nominating Directors in Wake of Nelson Peltz’s Announced Proxy Fight
variety.comTodd Spangler NY Digital Editor The same day activist investor Nelson Peltz announced he was launching a proxy campaign to get seats on Disney’s board of directors, the company adopted amended bylaws covering nominations of directors by outside parties.
In a bid to win shareholder favor amid the brewing proxy battle, Disney separately on Thursday announced a cash dividend of $0.30 per share, payable Jan.
10, 2024, to shareholders of record at the close of business on Dec. 11, 2023. It’s the company’s first dividend payments to investors in more than three years, after Disney suspended them during the COVID pandemic.
On Nov. 30, Disney’s board “amended and restated” the company’s bylaws, which became effective as of Thursday, the company said in an SEC filing Thursday.
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