Disney initially filed these additional soliciting materials in response to a “no recommendation” by ISS.
Disney later announced that it had removed tax gross-ups from its executive employment agreements.
Based on preliminary results announced at the shareholders meeting, 76% of shares voted to approve executive compensation under the say-on-pay vote. 81% of the shares voted to approve an annual say-on-pay vote.
Although Glass Lewis & Co. did not endorse the reelection of Steve Jobs because of his lack of attendance at director meetings, 85% of the votes cast were in favor of the reelection of each director.
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