75% of retail investors voted Disney: Peltz lost 2 to 1, Iger got 94% support; this became Peltz’s largest loss ever as activist investor

Source: https://deadline.com/2024/04/disney-proxy-fight-bob-iger-nelson-peltz-reactions-1235875092/#comment-4029813

Including Iger, Disney’s 12-member slate received the overwhelming votes of shareholders, with nearly 75% of retail shareholders backing the company, we hear. On the specifics, after all the millions spent, Peltz got 31% of the vote. The Wendy’s chairman came up short to Disney slate nominee and company director Maria Elena Lagomasino by a hard 2 to 1 margin.

Source: https://www.cnbc.com/2024/04/03/disney-annual-meeting-shareholders-vote-on-nelson-peltz-and-bob-iger.html

Peltz lost to Lagomasino by a 2-to-1 margin, a person familiar with the matter said. Retail voters overwhelmingly supported Disney, that person added, helping to deliver Iger 94% of the overall vote. Former Disney Chief Financial Officer Jay Rasulo, whom Trian also nominated, lost to Lagomasino by an even larger 5-1 margin. The person characterized it as Peltz’s largest loss ever.

Percentage-wise, turnout for the director vote was in the mid-60s, another person familiar with the matter said. In 2023, around 63% of Disney shareholders voted.

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