Disney Shareholders Elect Board

Walt Disney Co. shareholders elected or re-elected nine members to the board at the annual meeting Thursday in St. Louis. Based on preliminary results, nine directors of the Burbank entertainment and media giant were elected to the board. The nine were Susan Arnold, Mary Barra, Safra Catz, Francis deSouza, Michael Froman, Robert Iger, Maria Elena Lagomasino, Mark Parker, and Derica Rice, the board’s newest member. Iger, the Disney chief executive, told shareholders at the meeting that the company was proud of what it accomplished during the past year and optimistic about what lies ahead. “Our sustained performance reflects the strength of our strategy, our willingness to make bold moves and our commitment to creativity, innovation and excellence,” Iger told the shareholders. Shareholders also approved an advisory resolution on executive compensation for Iger after his pay was reduced by $13.5 million this week and rejected proposals on lobbying disclosures and requesting a report on the use of cybersecurity and data privacy metrics in determining senior executive compensation. Shares of Disney (DIS) closed down 84 cents, or nearly 1 percent, to $114.01 on the New York Stock Exchange.