Summary by Moomoo AI
Blackwells Onshore I LLC, along with Blackwells Capital LLC and Jason Aintabi (collectively referred to as "Blackwells"), who collectively own 139,631 shares of The Walt Disney Company ("Disney"), have issued a preliminary proxy statement dated February 1, 2024, to solicit shareholder support for the election of their three director nominees—Craig Hatkoff, Jessica Schell, and Leah Solivan—to Disney's Board of Directors. Blackwells believes these nominees will contribute to Disney's strategic transformation and align with shareholder interests. The proxy statement also includes a non-binding advisory proposal (the "Blackwells Proposal") to reappoint any incumbent Disney director who fails to be elected at the 2024 Annual Meeting. The Annual Meeting is scheduled to be held virtually on a yet-to-be-announced date in 2024. Blackwells is urging shareholders to vote using the GREEN Universal Proxy Card, which includes the names of both the company's and Trian Group's nominees, and emphasizes that shareholders need not use any other proxy card to cast their votes.