The Final Vote Tally In The Disney Proxy War Gives Bob Iger A Blowout Win Against Nelson Peltz

TV & Film

Apr 18

Investor Nelson Peltz has failed his bid to become a Disney board member. On Wednesday, Disney filed the voting results from the shareholder meeting, showing just how much of a margin Peltz lost by. Bob Iger won 94% of the vote for his seat, securing his place in the Disney hierarchy. Peltz meanwhile, lost to Board member Maria Elena Lagomasino in a two-to-one margin, despite numerous withheld votes. Most of Disney’s remaining board members have secured their seats with more than one Billion votes, while Peltz and Trian Partners' other proposed board members have failed to unseat them.

This proxy fight has been going on for several months at this point, with Bob Iger and Nelson Peltz offering their own lists of members of the Board of Directors. Investor group Blackwell Capital has offered its own list of Board members but has garnered little support from voters, with Iger’s directors maintaining their seats. With Peltz and Blackwell’s failure to unseat the incumbents, Iger’s group has maintained its hold over the company and is here to stay. No one knows what this means for the House of Mouse, but don’t expect any major shakeups soon. This chapter of the company’s history has been.

READ NEXT:

Featured