Trian Fund Management, L.P. Sent A Letter To The Share Holders Of Walt Disney Co
$DIS
Dear Fellow Walt Disney Company Shareholder,
Trian Fund Management, L.P., whose investment funds collectively own approximately 9.4 million common shares of The Walt Disney Company (NYSE: DIS) valued at approximately $1 billion, has filed a definitive proxy statement with the Securities and Exchange Commission for the election of Nelson Peltz, its Chief Executive Officer and Founding Partner, to Disney’s Board of Directors at the 2023 Annual Meeting of Shareholders.
We are proud owners, like you, of one of the greatest media and entertainment companies of all time: The Walt Disney Company.
Disney magic has captivated global audiences for nearly 100 years with a unique blend of storytelling, innovation, imagination, fantasy and suspense.
We love Disney. But we believe all is not well at The Walt Disney Company. Shareholders have suffered a lot as a result:
· With Disney’s stock plunging 44% in 2022, shareholders have collectively lost over $120 billion of market value1
· Earnings per share have declined an astounding 50% since 2018 because costs have ballooned even as Disney has generated 41% more in revenue2
·Disney’s strategy has caused debt to skyrocket and cash flow to plummet, leading to the continued elimination of the dividend paid for 57 straight years
TOGETHER, LET’S RESTORE THE MAGIC AT DISNEY BY VOTING “FOR” NELSON PELTZ AND “WITHHOLDING” ON MICHAEL B.G. FROMAN ON TRIAN'S BLUE PROXY CARD
Detailed voting instructions for both Trian's BLUE card and Disney's WHITE card can be found at Learn How to Vote at RestoreTheMagic.com.
Trian's definitive proxy statement can be reviewed at the following link:
Proxy Statement
TO VOTE: You can easily enter your voting instructions by clicking on the following link and following the on-screen instructions. THIS LINK WILL AUTOMATICALLY REGISTER YOUR UNIQUE CONTROL NUMBER TO VOTE:
Voting Link
If you have any questions or need additional help voting your card, contact Trian's proxy solicitor Okapi Partners LLC at +1 (877) 629-6357, +1 (212) 297-0720 or via email at info@okapipartners.com
1Source: FactSet as of 12/31/22. Note: Reflects the change in market capitalization measured from 12/31/21 through 12/31/22.
2Source: SEC filings. Note: FY 2018 revenue of $59.4bn and Adj. Earnings per Share of $7.08; FY 2022 revenue of $83.7bn and Adj. Earnings per Share of $3.53.
Source:
https://www.sec.gov/Archives/edgar/data/1345471/000090266423001287/p23-0816dfan14a.htm