Summary by Moomoo AI
The Trian Group, led by Nelson Peltz, has initiated a proxy fight to gain representation on the board of The Walt Disney Company (Disney). The group, which holds approximately 1.77% of Disney's outstanding shares, is advocating for strategic and operational changes to improve Disney's performance and shareholder value. The Trian Group has nominated Nelson Peltz and James A. Rasulo for election to Disney's board at the upcoming 2024 Annual Meeting of Shareholders, which will be conducted virtually. The group is also proposing the repeal of certain bylaw amendments made by Disney's board after November 30, 2023. The Trian Group's solicitation is in direct opposition to the current board's recommendations, and they are urging shareholders to vote for their nominees and proposals using the blue proxy card provided.