Disney Shareholder Engagement Presentation Deck
Chronology of Disney's engagement with Nelson Peltz and Trian
Disney's Board and management have maintained an open dialogue and have had no less than 16 meaningful interactions with Trian since July 2022
Peltz, or Isaac Perlmutter (an employee and shareholder of Disney who currently serves as Chairman of Marvel Entertainment) on Peltz's behalf, asked
for a Board seat or suggested he should be added to the Board no less than 20 times since July 2022
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MONTH
JULY
2022
AUGUST
2022
NOVEMBER
2022
DECEMBER
2022
JANUARY
2023
• Peltz had lunch with Bob Chapek, the then CEO of Disney in Paris (11th)
• Peltz held a call with Amy Chang, Director of Disney, to express his desire to join the Board (15th)
Perlmutter held a call with Safra Catz, Director of Disney, to advocate for Peltz joining the Board (15th)
Perlmutter held a call with Bob Chapek and Christine McCarthy, CFO of Disney, to advocate for Peltz joining the Board (15th)
• Peltz held a call with Bob Chapek to express his desire to join the Board (16th)
Peltz and Perlmutter held an hour-long call with Safra Catz, Director of Disney, to advocate for Peltz joining the Board (16th)
Perlmutter held a call with Horacio Gutierrez, General Counsel of Disney to advocate for Peltz joining the Board (18th)
• Peltz had several calls with Christine McCarthy, CFO of Disney, to express his desire to join the Board
Peltz had multiple calls with Bob Chapek to tell him Trian purchased $500MM in stock and he wanted to join Board (post-earnings call on the 8th)
• Peltz had several calls with Christine McCarthy indicating he planned a proxy fight if he wasn't added to the Board (post-earnings call on the 8th)
Perlmutter separately contacted each of Safra Catz, Bob Chapek, Christine McCarthy and Horacio Gutierrez to advocate for Peltz (10th)
Peltz and Perlmutter met separately with Bob Chapek in Palm Beach, encouraging Chapek to add Peltz to the Board (12th)
Peltz and his Trian colleagues met with Bob Iger, new CEO of Disney, Christine McCarthy and Horacio Gutierrez (23rd)
• Peltz held a call with Bob Iger to inform him that if he wasn't given a Board seat, he would start a proxy fight to challenge Mr. Iger's legacy (20th)
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SUMMARY OF SIGNIFICANT TRIAN AND ITS ASSOCIATES' INTERACTIONS WITH DISNEY
• Peltz and his Trian colleagues presented to the Disney Board and senior management (10th)
• Peltz held multiple calls with Susan Arnold, Chairman of Disney's Board, and Horacio Gutierrez to provide feedback from the Board meeting (11th)
Source: Preliminary Proxy Statement of The Walt Disney Company, 01/17/23
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