What to expect from Disney's Annual Shareholders Meeting

According to the Los Angeles Times, Walt Disney Co. is holding their annual shareholders meeting in Chicago in the Auditorium Theatre at Roosevelt University. It has been a long anticipated year for shareholders who are hoping that Robert Iger, the Chief Executive and Disney Chairman, will address issues in the shares 8% drop this year.

Disney will most likely highlight their upcoming release for Zootopia this week. The animated film is expected to have a successful opening weekend.

Furthermore, two proposals will be presented at the meeting, which will later be decided by 11 members from the board of directors. They will consider two shareholders proposals.

The first proposal, courtesy of James McRitchie, asks that investors vote on whether on not Disney should keep its charter and bylaws of voting requirements that calls for a greater than simple majority vote. According to the proposal, which is included in a filing with the Securities and Exchange Commission, "Supermajority requirements are used to block initiatives supported by most shareholders but opposed by a status quo management."

Zevin Asset Management is responsible for the second proposal which asks the members to vote on whether Disney shareholders annual reports on Disney’s lobbying efforts should be made.

However, it seems like the board is not so pleased with this proposal on the grounds that Disney already shares information regarding its lobbying activities with the United States House of Representatives and the United States Senate, which is required by law.

Disney’s annual shareholders meeting typically highlights its commercial TV success as well as its upcoming premieres to keep shareholders optimistic about the future of the company.