The Spirited 11th Hour ...

the.dreamfinder

the.dreamfinder

Well-Known Member
Today is Disney's Annual Shareholder Meeting in Chicago.
The meeting will begin at 11am EST
Live audio feed
https://thewaltdisneycompany.com/the-walt-disney-companys-2016-annual-meeting-of-shareholders/

An article in today's LA Times discusses the two proposals up for a shareholder vote.
http://www.latimes.com/entertainmen...sney-shareholders-meeting-20160303-story.html
On Thursday, shareholders will be asked to elect 11 members of its board of directors and consider two shareholder proposals. Both are scheduled to be presented at the meeting, which will be held in the Auditorium Theatre at Roosevelt University.

In the first of two proposals, investors will vote on whether Disney should eliminate from its charter and bylaws any voting requirement that calls for a greater than simple majority vote. Under the proposal, which has been put forward by James McRitchie, who publishes a website that tracks corporate governance issues, a simple majority voting rule would become standard at the company.

According to the proposal, which is included in a filing with the Securities and Exchange Commission, "Supermajority requirements are used to block initiatives supported by most shareholders but opposed by a status quo management."

Disney's board recommends a vote against the proposal. The board has proposed doing away with the requirement for a supermajority vote in matters relating to the sale of the company.

In the past, supermajority voting provisions were used by companies as a protection against hostile takeover efforts, but many firms have done away with such requirements as laws governing corporations have evolved.

In the second measure, which has been proposed by Zevin Asset Management, shareholders will vote on whether Disney should produce an annual report on its lobbying efforts. The report would detail the company's policies and procedures regarding lobbying, and disclose payments made by Disney as part of those efforts.

Disney's board has recommended a vote against the measure, saying in its regulatory filing that the company already discloses information about its lobbying activities with the U.S. House of Representatives and the U.S. Senate and other entities as required by law. The board also said that the proposed changes would require the company to reveal information about its lobbying activities that "exceed disclosure currently required by law."
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Let's hope we get some substantive questions in the QA section instead of the typical dumb questions.
 
FigmentJedi

FigmentJedi

Well-Known Member
the.dreamfinder said:
Today is Disney's Annual Shareholder Meeting in Chicago.
The meeting will begin at 11am EST
Live audio feed
https://thewaltdisneycompany.com/the-walt-disney-companys-2016-annual-meeting-of-shareholders/

An article in today's LA Times discusses the two proposals up for a shareholder vote.
http://www.latimes.com/entertainmen...sney-shareholders-meeting-20160303-story.html

Let's hope we get some substantive questions in the QA section instead of the typical dumb questions.
Click to expand...
I'm fine with the annual "Bring back Dreamfinder" question, but I really hope the pin trader shuts up this year.
 
FigmentJedi

FigmentJedi

Well-Known Member
the.dreamfinder said:
It's still a wasted question.
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True, but it does pay to be vocal. As long as there's an actual vocal demand for the original attraction's dynamic besides just buying the merch and comics that they might just see as "We can get away with exploiting nostalgia without an expensive overhaul", there's the slightest chance that the inevitable pavilion redo won't be another forced IP takeover.
 

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