TWDC_4_0 (1)

The Walt Disney Company has made it easier for shareholders to nominate members to the company's Board of Directors

On June 28, 2016, the Board of Directors of The Walt Disney Company amended and restated the Company's Amended and Restated Bylaws  to implement proxy access, effective immediately. The Bylaws include a new provision that permits a stockholder, or a group of up to twenty stockholders, owning three percent or more of the Company's outstanding shares of common stock continuously for at least three years to nominate and include in the Company's annual meeting proxy materials director nominees constituting up to twenty percent of the Board, provided that the stockholder(s) and nominee(s) satisfy the requirements specified in the Bylaws.