This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Shareholders Re-Elect All 10 Directors At The Walt Disney Company Annual Meeting

Stocks in this article: DIS

Shareholders of The Walt Disney Company (NYSE:DIS) at the 2013 Annual Meeting today elected all 10 members of the Board of Directors and supported Board recommendations on the Company's auditor, its executive performance plan and the advisory vote on executive compensation, based on preliminary results.

Disney Chairman and Chief Executive Officer Robert A. Iger welcomed shareholders to the meeting at The Orpheum Theatre in Phoenix and introduced independent Lead Director Orin C. Smith, formerly President and Chief Executive Officer of Starbucks Corporation, and the other members of the Board of Directors. Noting Disney’s blockbuster creative and business accomplishments in 2012, Mr. Iger said, “All of this success across so many of our businesses led to another record financial performance for The Walt Disney Company. In Fiscal 2012, we increased revenue by 3% to a record $42 billion, which led to a record $5.7 billion in net income, up 18% over the year before. And our earnings per share were up 24%, setting a new record of $3.13.” Disney’s market capitalization hit a record $102 billion, Mr. Iger told shareholders.

“We’re very excited about what’s ahead—especially with our recent acquisition of Lucasfilm and Star Wars,” Mr. Iger said. “Lucasfilm joins Disney, Pixar, Marvel, ESPN and ABC in our unprecedented collection of amazing brands.”

Mr. Iger also released the first model image of Shanghai Disneyland, which is scheduled to open at the end of 2015.

Based on preliminary results, all Disney Directors were re-elected to the Board:

  • Susan E. Arnold
  • John S. Chen
  • Judith L. Estrin
  • Robert A. Iger
  • Fred H. Langhammer
  • Aylwin B. Lewis
  • Monica C. Lozano
  • Robert W. Matschullat
  • Sheryl Sandberg
  • Orin C. Smith

Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent accountants for the fiscal year ending September 28, 2013, and approved terms of the Amended and Restated 2002 Executive Performance Plan and the advisory resolution on executive compensation.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs