Topics: Executive compensation, Board of directors, Chief executive officer Pages: 19 (6284 words) Published: August 29, 2013
The Walt Disney Company
DIS found that “ISS has again substituted its opinion for the studied analysis and judgment of the Board as to the compensation that was appropriate to secure Mr. Iger’s services for the Company through mid-2016.” DIS attacks the peer group selected by ISS as well as the return on DIS stock during the tenure of its CEO compared to that of the S&P 500 index and four media company peers. DIS indicates that its CEO’s pay was completely in line with the compensation paid to the CEOs of its five media peers. DIS also emphasized that no up-front grants were given to the CEO to extend his tenure as CEO and that 90% of the potential value of his compensation package is in the form of performance-based bonus, performance-based RSUs and options. DEFA14A 1 d310012ddefa14a.htm DEFINITIVE ADDITIONAL MATERIALS ________________________________________

Washington, D.C. 20549


Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )

Filed by the Registrant 

Filed by a Party other than the Registrant •

Check the appropriate box:

Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) • Definitive Proxy Statement
Definitive Additional Materials
Soliciting Material Pursuant to §240.14a-12
The Walt Disney Company
(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):

No fee required.

Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:


Fee paid previously with preliminary materials.

Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

(3) Filing Party:

(4) Date Filed:

Commencing March 1, 2012, The Walt Disney Company sent the following communication to certain shareholders. RE: The Walt Disney Company Supplementary Proxy Material
We write with respect to the ISS Proxy Report you may have seen regarding the proposals to be voted on at The Walt Disney Company annual shareholder meeting. Over the past year, the Company’s Board of Directors made careful, critical decisions about one of the most important responsibilities that a Board has to its shareholders: who should be the Company’s CEO and what succession process will lead to the greatest long term success and stability for the corporation. The independent members of the Board unanimously decided to retain Mr. Iger for...
Continue Reading

Please join StudyMode to read the full document

Become a StudyMode Member

Sign Up - It's Free
Suministros de limpieza para el hogar | Hell and Back: The Kane Hodder Story | pros-and-cons-computer-forensics