Blackwells Capital Releases Investor Presentation to its Fellow Disney Shareholders
March 04 2024 - 6:00AM
Blackwells Capital, LLC (“Blackwells”), a shareholder of The Walt
Disney Company (“Disney” or the “Company”) (NYSE:DIS), today
released its full investor presentation titled “The Future of
Disney.” The presentation builds on Blackwells’ “Vision for
the Future of Technology at Disney” presentation released on
February 26, 2024.
The full presentation is available at
www.TheFutureOfDisney.com.
Blackwells explores the reasons for Disney’s
persistent underperformance, and outlines an overwhelming and
convincing case for collaborative and additive change.
“Disney’s current Board includes several
personal friends of Mr. Iger, six directors with full-time jobs as
CEOs of major companies, five directors with no other independent
board experience, three directors drawn from the Council of Foreign
Relations and five directors with overlapping directorships.
Disney’s Board lacks critical bandwidth and expertise in content,
media, technology and governance best-practices, and would greatly
benefit from the perspectives and experience our director
candidates contribute,” said Jason Aintabi, Chief Investment
Officer of Blackwells.
To learn more about Blackwells’ three nominees
Jessica Schell, Craig Hatkoff and Leah Solivan, fellow Disney
shareholders are encouraged to visit www.TheFutureOfDisney.com.
Blackwells campaign website includes materials for shareholders to
evaluate and help make the most informed voting decisions
possible.
Please vote your proxy today on the
GREEN universal proxy card “FOR” each of the Blackwells nominees
and the Blackwells proposal.
If you have any questions about voting
your proxy or need replacement proxy materials,
contact:
Morrow Sodali LLC+1 (800) 662-5200 (toll-free for
shareholders)+1 (203) 658-9400 (call collect for banks, brokers,
trustees and other nominees)Blackwells@morrowsodali.com
About Blackwells Capital
Blackwells Capital was founded in 2016 by Jason
Aintabi, its Chief Investment Officer. Since that time, it has made
investments in public securities, engaging with management and
boards, both publicly and privately, to help unlock value for
stakeholders, including shareholders, employees and communities.
Throughout their careers, Blackwells’ principals have invested
globally on behalf of leading public and private equity firms and
have held operating roles and served on the boards of media,
energy, technology, insurance, and real estate enterprises. For
more information, please visit www.blackwellscap.com.
Contacts
Media:Gagnier CommunicationsDan Gagnier &
Riyaz Lalani646-569-5897blackwells@gagnierfc.com
Shareholders:Morrow SodaliMichael Verrechia
& William Dooley(800) 662-5200blackwells@morrowsodali.com
IMPORTANT ADDITIONAL
INFORMATION
Blackwells Onshore I LLC, Blackwells Capital
LLC, Jason Aintabi, Craig Hatkoff, Jessica Schell and Leah Solivan
(collectively, the “Participants”) are participants in the
solicitation of proxies from the shareholders of The Walt Disney
Company (the “Company”) for the 2024 Annual Meeting of
Shareholders. On February 6, 2024, the Participants filed with the
U.S. Securities and Exchange Commission (the “SEC”) their
definitive proxy statement and accompanying GREEN
Proxy Card in connection with their solicitation of proxies from
the shareholders of the Company for the 2024 Annual Meeting of
Shareholders. ALL SHAREHOLDERS OF THE COMPANY ARE ADVISED
TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING GREEN
PROXY CARD AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF
PROXIES BY THE PARTICIPANTS, AS THEY CONTAIN IMPORTANT INFORMATION,
INCLUDING ADDITIONAL INFORMATION RELATED TO THE PARTICIPANTS AND
THEIR DIRECT OR INDIRECT INTERESTS IN THE COMPANY, BY SECURITY
HOLDINGS OR OTHERWISE.
The definitive proxy statement and an
accompanying GREEN proxy card will be furnished to
some or all of the Company’s shareholders and is, along with other
relevant documents, publicly available at no charge on the SEC’s
website at http://www.sec.gov/. In addition, the Participants will
provide copies of the definitive proxy statement without charge,
when available, upon request. Requests for copies should be
directed to Blackwells Onshore I LLC.
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