Disney Proxy Statement

Table of Contents

Proxy Summary

1

Corporate Governance and Board Matters

11

Governing Documents......................................................................................................................11

The Board of Directors .....................................................................................................................11

Board Leadership............................................................................................................................11

Committees .................................................................................................................................... 12

The Board's Role in Risk Oversight .....................................................................................................13

Director Selection Process .................................................................................................................14

Director Independence .....................................................................................................................15

Certain Relationships and Related Person Transactions ...........................................................................16

Shareholder Communications ............................................................................................................17

Director Compensation

18

Executive Compensation

21

Compensation Discussion and Analysis ...............................................................................................21

Executive Compensation Program Structure ....................................................................................21

2018 Compensation Decisions....................................................................................................30

Compensation Committee Report .................................................................................................38

Compensation Tables.......................................................................................................................39

Audit-Related Matters

58

Audit Committee Report ...................................................................................................................58

Policy for Approval of Audit and Permitted Non-audit Services ................................................................59

Auditor Fees and Services ................................................................................................................59

Items to Be Voted On

60

Election of Directors ........................................................................................................................60

Ratification of Appointment of Independent Registered Public Accountants .................................................65

Advisory Vote on Executive Compensation...........................................................................................65

Shareholder Proposals .....................................................................................................................66

Other Matters ................................................................................................................................69

Information About Voting and the Meeting

70

Shares Outstanding .........................................................................................................................70

Voting........................................................................................................................................... 70

Attendance at the Meeting................................................................................................................71

Other Information

72

Stock Ownership ............................................................................................................................72

Section 16(a) Beneficial Ownership Reporting Compliance .....................................................................73

Electronic Availability of Proxy Statement and Annual Report...................................................................73

Mailings to Multiple Shareholders at the Same Address .........................................................................73

Proxy Solicitation Costs ....................................................................................................................74

Annex A -- Reconciliation of Non-GAAP Measures

A-1

The Walt Disney Company (500 South Buena Vista Street, Burbank, California 91521) is providing you with this proxy statement relating to its 2019 Annual Meeting of shareholders. We began mailing a notice on January 11, 2019 containing instructions on how to access this proxy statement and our annual report online, and we also began mailing a full set of the proxy materials to shareholders who had previously requested delivery of the materials in paper copy. References to ``the Company'', ``Disney'' or ``our'' in this Proxy Statement refer to The Walt Disney Company (or, unless the context otherwise requires, with respect to events occurring after the completion of the transactions contemplated by the Merger Agreement, to New Disney (as each such term is defined in the foregoing Notice of 2019 Annual Meeting)) and, as applicable, its consolidated subsidiaries.

The Walt Disney Company Notice of 2019 Annual Meeting and Proxy Statement

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download