Walt Disney Co — Proxy Solicitation & Information Statement 2024

Feb 12, 2024

DFAN14A 1 p24-0832dfan14a.htm THE WALT DISNEY COMPANY

Proxy Statement Pursuant to Section 14(a)

of the Securities Exchange Act of 1934

Filed by the Registrant ¨

Filed by a Party other than the Registrant þ

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 Under Rule 14a-12

The Walt Disney Company

(Name of Registrant as Specified in Its Charter)

Trian Fund Management, L.P.

Trian Fund Management GP, LLC

Nelson Peltz

Peter W. May

Matthew Peltz

Josh Frank

James A. Rasulo

Trian Partners, L.P.

Trian Partners Parallel Fund I, L.P.

Trian Partners Master Fund, L.P.

Trian Partners Co-Investment Opportunities Fund, Ltd.

Trian Partners Fund (Sub)-G, L.P.

Trian Partners Strategic Investment Fund-N, L.P.

Trian Partners Strategic Fund-G II, L.P.

Trian Partners Strategic Fund-K, L.P.

Isaac Perlmutter

The Laura & Isaac Perlmutter Foundation Inc.

Object Trading Corp.

Isaac Perlmutter T.A.

Zib Inc.

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

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From time to time, Trian Fund Management, L.P. (“Trian”), in connection with its solicitation of proxies for the 2024 annual meeting of shareholders of The Walt Disney Company (the “Company”), may publish the following advertisements on search engines and social media platforms that will direct viewers to its website, www.RestoretheMagic.com.

Preserve Disney’s Future

Vote Peltz/Rasulo: Save Disney

Invest in Disney’s Future

Reinvigorate Disney’s Stock

Your Vote is Essential

Fix Disney’s Board

Elect a Competent Board

Help Us Deliver Real Value

Vote for Real Change at Disney

Stronger Board, Clearer Vision

Vote for Trian’s two nominees, Nelson Peltz and Jay Rasulo, using any proxy card received

We don’t need a duck to explain voting. Come see what Nelson Peltz and Jay Rasulo propose.

Disney’s board needs help. Nelson Peltz and Jay Rasulo can lead the way.

View Trian’s materials and decide for yourself. We’re Disney investors too.