During an appearance on CNBC, The Walt Disney Company CEO Bob Iger commented on Nelson Peltz’s second push for a seat on the company’s board.
In response to questions about Peltz, Iger said, “I don’t have specifics about what Nelson is really after or what he will ask for.”
Peltz, founder and CEO of Trian Fund Management, is one of Disney’s largest shareholders, with stakes valued at over $2.5 billion. As we reported in October, Trian is expected to request multiple board seats, including one for Peltz.
Peltz and Trian previously pushed for him to have a seat on the board after Disney privately turned down his request to join. He launched a public run for the seat in January 2023 but ended the “proxy war” with Disney the next month.
At that time, Trian had 9.4 million Disney shares. Former Marvel Entertainment Chairman Isaac “Ike” Perlmutter has handed voting power for his Disney shares over to Trian, giving them control of 33 million shares.
The window for shareholder nominations is from December 5 through January 4. These nominations would then be voted on at Disney’s annual meeting in the spring.