FILE - In this March 31, 2012 file photo, a firework display lights up the castle of Sleeping Beauty in Disneyland's theme park in Marne-la-Vallee, east of Paris. The Walt Disney Co. said Thursday Nov. 8, 2012, that its net income in the latest quarter rose 14 percent thanks to an uptick in revenue driven by higher consumer spending at its theme parks and on its cruise ships. (AP Photo/Michel Spingler, File)
Disney shareholders back exec compensation plan
Published: 11:43:41 PM, Wed 06 March 2013 UTC
PHOENIX (AP) — The Walt Disney Co. says its shareholders voted in favor of the company's board member recommendations and executive compensation plan at the entertainment company's annual meeting.
On Wednesday shareholders re-elected all 10 members to the board. They also supported the company's existing executive compensation plan and its outside auditor. Shareholders also rejected two proposals from shareholders regarding proxy access and the potential separation of the CEO and Chairman roles once current Chairman and CEO Robert Iger leaves the company.
Disney also released the first model image of Shanghai Disneyland. This project is scheduled to open at the end of 2015.
Disney shares fell 12 cents to close regular trading at $56.36 and fell another 4 cents in after-hours trading.
Tags:
ap, disney, walt disney co., walt disney, cents, after-hours trading, members, shareholders, the walt disney company, american broadcasting company, stock, business, company, management, phoenix, stock market, favor, proposals, board of directors, corporate governance, regular trading, entertainment company, ceo robert iger, auditor, disney shares, compensation plan, executive compensation plan, disney shareholders, wednesday shareholders, chairman roles, member recommendations, shanghai disneyland, proxy access, potential separation, model image
